Enforcement

UBS to Pay HK$600m in Fines and Compensation for Overcharging Clients

12/11/2019

The SFC reprimanded and fined UBS for overcharging clients over a ten-year period, affecting 5,000 Hong Kong-managed client accounts in over 28,000 transactions.

Fintech / Regtech

MAS, Deloitte, S&P Launch Fintech Investment Research Platform

12/11/2019

The new platform, launched by MAS, Deloitte and S&P Global Market Intelligence, will help financial institutions and investors to more effectively discover investment opportunities in the fintech space.

Market Infrastructure

ABS Announces Simplified PayNow Mobile Payments with SGQR

12/11/2019

The Association of Banks in Singapore is trying to increase the convenience of peer-to-peer funds transfer service PayNow and make it “the ubiquitous payment mode in Singapore”.

Fintech / Regtech

MAS Showcases Blockchain-based Prototype for Multi-Currency Payments

11/11/2019

The prototype network, developed by MAS in collaboration with JP Morgan and Temasek, will provide interfaces for other blockchain networks to connect and integrate seamlessly.

Market Infrastructure

APRA to Toughen Approach to Regulating Cyber Hygiene at Banks

11/11/2019

APRA has observed areas of common weakness, such as poor cyber hygiene, the lack of a comprehensive security patching regime and poor access management practices.

Securities / Derivatives

SEBI Issues New Operations Guidelines for Foreign Investors

11/11/2019

Under the new guidelines, banks from non-BIS countries are eligible for FPI licences, and foreign firms can directly invest in India on behalf of their clients.

Capital / Liquidity

China Rules on NSFR, Large Exposures Assessed as Basel-Compliant

11/11/2019

The RCAP assessments found that the NSFR and large exposure regulations in China are compliant with the BCBS global standards, the highest possible grade.

Fintech / Regtech

Ageing Infrastructure Creating Derivatives Market Inefficiencies: ISDA Chief

10/11/2019

Firms still take more than a day on average to resolve reconciliations and disputes caused by a lack of data transparency through the trade lifecycle.

Market Infrastructure

Malaysia Mandates Fair Treatment of Financial Consumers

10/11/2019

A new BNM policy document sets out expectations for financial firms to prioritise the interests of financial consumers and effectively manage conduct risks.