Securities / Derivatives

Thailand, Cambodia Sign MoU on Cross-Border Listings

20/09/2019

A working group will be formed to implement mechanisms for cross-border equity offerings, dual listings and depositary receipts between the two countries.

Big Picture

Financial Firms Largely Unprepared for LIBOR Transition: Survey

19/09/2019

Although 84% of financial firms have a formal LIBOR transition plan in place, only 18%of them describe their programmes as ‘mature’, according to a new Accenture report.

Market Infrastructure

RBI Proposes to Directly Regulate Payment Gateways, Aggregators

19/09/2019

The paper proposes that payment gateways and payment aggregators be required to have a minimum net-worth of 1 billion rupees, among other requirements.

Enforcement

Australia Reintroduces Amnesty Bill for Unpaid Superannuation

19/09/2019

The bill will provide amnesty to employers who have underpaid superannuation up to 27 years ago, if they disclose their failures within two years and repay the full amount.

Enforcement

SAFE Blacklists FX Firms As Illegal Capital Outflows Increase

19/09/2019

SAFE has asked financial institutions to monitor for leveraged forex trading and blacklisted 43 FX firms amid signs that illegal capital outflows have been increasing.

Market Infrastructure

ACCC Chair Flags Lack of Competition in Retail Banking

19/09/2019

The ACCC’s Rod Sims said the lack of competition is not surprising in a market dominated by four players, where no other players have managed to make serious inroads to displace them.

AML / KYC

Singapore Charges Second National for Terrorism Financing

19/09/2019

A Singapore national was charged for providing money for terrorist purposes after he sent about $830 to an individual overseas who was said to have been facilitating terrorist acts.

Fintech / Regtech

FSC Korea to Provide Funding Support to Fintechs

19/09/2019

FSC chairman Eun Sung-soo told fintech executives that a 300 billion won fund will be set up to invest in the sector and regulations will be eased to promote fintech development.

Securities / Derivatives

Bursa Malaysia Extends Agreement to Host Derivatives on CME Globex

18/09/2019

The extension of the CME Globex services will continue to provide global visibility, accessibility and connectivity to Bursa Malaysia derivatives products.