Big Picture

Open Banking, APIs Will Unlock a Host of Opportunities: NPP Australia

08/07/2019

A new white paper from NPP Australia provides an overview of developments in other real-time payments markets, including opportunities and challenges for the payments sector.

Securities / Derivatives

CSRC to Use Investor Protection Funds to Bail Out Brokers in Crisis

08/07/2019

The draft rules say securities firms would need to provide equivalent collateral for loans from the Investor Protection Fund, which will charge 1.5 times the market lending rate.

AML / KYC

FATF Issues Guidance on Terrorist Financing Risk Assessments

08/07/2019

The guidance provides good approaches, relevant information sources and practical examples for practitioners to consider when assessing terrorist financing risk at the jurisdiction level.

Securities / Derivatives

HKEX to Expand Closing Auction Session to All Equities, Funds

08/07/2019

The expansion will help improve trading liquidity at close, simplifying operations of market participants, and standardise closing times for equities.

Capital / Liquidity

APRA Relaxes Serviceability Assessment Standards for Mortgage Loans

08/07/2019

Under APRA’s new serviceability guidance, borrowers on a typical 4% mortgage rate can expect to be assessed at 6.25% rather than 7.25%, enabling them to immediately secure larger loans.

Securities / Derivatives

China to Resume Approvals for Domestically Funded Securities Firms

07/07/2019

All newly approved brokerages since 2008 have been joint ventures between domestic and foreign investors. But market access should also be broadened to domestic investors, the CSRC says.

Market Infrastructure

China to Trial Discretionary Control for Investment Advisers

06/07/2019

Participating companies will be allowed to take full discretionary control of their clients’ investments, and charge fees based on AUM and performance.

Fintech / Regtech

Malaysia to Finalise Regulatory Framework for ICOs by Year-End

06/07/2019

A framework for ICOs, originally expected by the end of Q1, is now under review by relevant stakeholders, according to deputy finance minister Datuk Amiruddin Hamzah.

Market Infrastructure

JPMorgan, Morgan Stanley to Take Control of China JVs

06/07/2019

JPMorgan is likely to become the first foreign firm to gain a controlling stake in an asset management joint venture in China, while Morgan Stanley may soon control its China securities unit.