Conduct, Culture & Accountability

SFC Fines SEAVI Advent Ocean Private Equity HK$1mn

07/10/2019

The SFC has reprimanded and fined SEAVI Advent Ocean Private Equity for allowing unlicensed individuals to perform regulated functions, in breach of the Code of Conduct.

Trading & Investment

ASX Consults on Changes to Treasury Bond Futures Roll

07/10/2019

A new consultation paper outlines four options for changes to the roll structure and order management functionality for the 3 and 10 Year Treasury Bond Futures contracts.

Emerging Prudential Risks

Philippines Amends Framework for Identifying D-SIBs

04/10/2019

The BSP will give more importance to a bank’s size and interconnectedness when deciding which lenders should be classified as D-SIBs.

Clearing & Post-Trade

Indonesia Announces Rules for the Establishment of CCPs

04/10/2019

The new rules from Bank Indonesia will take effect from June 2020, but the first CCPs for derivatives markets are unlikely to be operational until 2023.

Payments & Settlements

RBNZ Proposes Enhanced Oversight Role in Cash System

04/10/2019

In a new consultation paper, the RBNZ proposes legislative changes that would allow it to take on a more active monitoring and coordination role in the cash system.

Capital Adequacy

RBNZ to Issue Final Decisions on Bank Capital in December

04/10/2019

RBNZ deputy governor Geoff Bascand says the central bank will review the amount of capital, what form it takes, and the allowed transition period before final decisions are made.

Payments & Settlements

SWIFT, HSBC to Define Common API Standard for Hong Kong

04/10/2019

The new standard will re-use ISO 20022 components to ensure interoperability with Hong Kong’s clearing and settlement systems, facilitating the next phases of open banking in the city.

Data Privacy

Hong Kong Making Slow Progress on Open Banking: S&P

03/10/2019

S&P Global Ratings says Hong Kong’s approach to open banking makes it hard for third-party service providers to participate, limiting the potential of the new digital ecosystem.

Conduct, Culture & Accountability

FMSB Issues Good Practice Statements on Information Confidentiality

03/10/2019

The FICC Markets Standards Board offers guidance to help fixed income and commodities market participants understand what information can be shared, internally and otherwise.