Securities / Derivatives

Chi-X Australia Launches Market-on-close Trading Solution

18/09/2019

The solution is said to be a potential game-changer for buy-side participants who need to place large orders benchmarked to closing prices.

Enforcement

Philippines Moves to End Abusive Practices by Fintech Lenders

18/09/2019

A code of ethics and code of conduct have been adopted by members of FinTechAlliance.ph prohibiting the harassment and shaming of delinquent borrowers.

Market Infrastructure

Hong Kong Virtual Banks Likely to Delay Launch – Report

18/09/2019

Hong Kong virtual banks are reportedly delaying plans to start promotional campaigns partly in response to city-wide protests, among other reasons.

Capital / Liquidity

RBI Increases Bank Exposure Limit to NBFCs

17/09/2019

The move aligns bank exposure limits for NBFCs with limits applicable for other types of counterparties, but Fitch says it is unlikely to lead to significant credit flows to the sector.

Market Infrastructure

Korean Banks Boost Spending of Cybersecurity, IT: BOK

17/09/2019

Banks are increasingly relying on outsourcing for cloud computing, which may become a potential vulnerability if adequate precautions are not in place.

Big Picture

Moody’s Becomes Second Agency to Downgrade Hong Kong Outlook

17/09/2019

Moody’s says the downgrade of Hong Kong’s outlook to negative is the result of a shift in its equilibrium with China, in addition to the ongoing protests in the city.

Market Infrastructure

Australia Passes Bill to End Conflicted Remuneration Despite Pushback

16/09/2019

The Association of Financial Advisers says thousands of clients will be worse off without grandfathered commissions, and that financial advisers need more time to adjust.

Capital / Liquidity

RBI Lowers Risk Weight for Consumer Loans

16/09/2019

The move will reduce the amount of capital banks need to set aside as provisioning for consumer loans, effectively reducing the cost of lending.

Fintech / Regtech

Australia Establishes Senate Committee on Fintech, Regtech

16/09/2019

The committee will inquire into the opportunities of fintech and regtech, and benchmark Australia’s environment for innovation against comparable global regimes.