Uncategorised

Bloomberg Begins Including China Bonds in Flagship Index

03/04/2019

The index inclusion will draw more liquidity into China’s onshore bond market and potentially spur more policy measures to further open up the market.

Uncategorised

Behavioural Insights Can Help Regulators Protect Investors – IOSCO

03/04/2019

The report provides guidance to help regulators better understand the behaviour of retail investors in making financial investment decisions to aid in policy development.

Fintech / Regtech

APRA to Implement New Data Reporting System in March 2020

03/04/2019

APRA says in its initial implementation plan that entities must start ensuring their readiness for the new system now, as there is only a one year timeline for implementation.

AML / KYC

FMA Monitoring Report Reveals Multiple AML/CFT Deficiencies

02/04/2019

New Zealand’s Financial Markets Authority has released a report highlighting failures in reporting entities’ AML/CFT programmes, risk assessments and customer due diligence.

Enforcement

SEBI Proposes SRO Nomination Plan for Mutual Fund Distributors, Advisers

02/04/2019

A consultation proposes the creation of a nomination committee comprising external experts to recommend a self regulatory organisation for mutual fund distributors and advisers to curb mis-selling.

Market Infrastructure

NSE, SGX Reach Agreement on India Derivatives

01/04/2019

NSE and SGX have reportedly finalised an agreement that will enable SGX to offer trading in Nifty derivatives to Singapore investors through a special purpose vehicle operating as a broker at GIFT City.

Market Infrastructure

EU, Singapore Adopt Decision to Mutually Recognise Derivatives Venues

01/04/2019

The European Commission recognises Singapore trading venues as MiFIR-compliant; MAS has exempted EU trading facilities from its markets licensing requirements.

Fintech / Regtech

S. Korea Launches Regulatory Sandbox, 105 Applications Received

01/04/2019

South Korea’s Special Act on Financial Innovation Support has taken effect 1 April, marking the formal launch of the country’s first financial regulatory sandbox.

AML / KYC

UN Security Council Resolution Targets Terrorism Financing

01/04/2019

The UN Security Council has adopted a resolution calling on member states to beef up efforts to identify, prosecute and penalise those directly or indirectly financing terrorism.