Big Picture

DTCC Calls on Industry to Prioritise Business Resilience Efforts

24/09/2019

Firms must establish resilience as a business-owned strategic initiative, and be willing to prioritise business resilience over efficiency in some cases, says a new DTCC whitepaper.

Securities / Derivatives

Civil Unrest Forces Brokers to Exit Hong Kong Market

24/09/2019

Since the Hong Kong protests began in June, ten brokerage firms have reportedly exited the market amid lower turnover and shrinking commission revenues.

Market Infrastructure

Thailand, Clearstream Go Live with Cross-Border Funds Link

24/09/2019

The new link allows international investors to access Thailand’s funds market, and Thai investors to access more than 190,000 funds on Clearstream’s platform.

Market Infrastructure

HKEX Enlists Investment Banks to Help with LSEG Bid

24/09/2019

HKEX has reportedly brought in UBS, Credit Suisse and HSBC to help it engage with LSEG shareholders and provide advice on its recently-rejected bid to takeover the London bourse.

Securities / Derivatives

SFC Imposes Lifetime Ban on Former BoCom Banker

24/09/2019

The ban follows an August 2018 conviction, where the former banker was found guilty of soliciting illegal commission payments from a client for stock trading profits.

Fintech / Regtech

RBI Orders Banks, NBFCs to Restrict Access to Credit Data

24/09/2019

Financial institutions in India are known to be giving fintech firms and institutional agents direct access to data from credit bureaus, without customer consent.

Securities / Derivatives

Philippine Insurers Permitted to Borrow, Lend Securities

24/09/2019

The move is aimed at helping the insurance industry to broaden their investment options, diversify their portfolios, and more actively participate in capital market development.

Market Infrastructure

Vietnam to Consolidate Exchanges Under Single Entity

23/09/2019

Under the new structure, HOSE will focus on operating the stock market and the HNX will focus on derivatives and bond markets.

Securities / Derivatives

Japan to Tighten Approval Threshold for Foreign Investment

23/09/2019

The stricter rules could create a significant new hurdle to investment in Japan, with foreign fund managers reportedly describing their effect as “chilling”.