Market Infrastructure

China Foreign Stock Ownership Limits Impede Market Opening

13/03/2019

Chinese regulators will need to ease foreign ownership restrictions to ensure its listed companies are able to remain in MSCI’s benchmark indexes.

Market Infrastructure

Australia Reverses Course on Mortgage Broking Trail Commissions

13/03/2019

Following strong industry backlash, the Australian government has decided not to prohibit trail commissions for mortgage brokers, and instead conduct a review into the issue in 3 years.

Market Infrastructure

Exactpro Delivers Test Strategy for HKEX’s New Post Trade System

13/03/2019

QA services provider Exactpro has completed a review of the testing processes and delivered a set of test strategy recommendations for Phase 1 of HKEX’s NextGen Post Trade Programme.

Market Infrastructure

China’s Baihang Credit Now Connected to Over 600 Databases

13/03/2019

The databases of more than 600 are now connected to Baihang Credit, China’s first market-based personal credit agency, according to PBOC deputy governor Chen Yulu.

Securities / Derivatives

India Scraps FPI Investment Cap for Corporate Bonds

13/03/2019

In response to market feedback, SEBI has dropped the 20% cap on foreign portfolio investors’ investment in corporate bonds.

Market Infrastructure

FSB to Explore Hazards of Leveraged Loan Market – Report

12/03/2019

In particular, the FSB will look at collateralised loan obligations to identify which institutions hold them and assess the risks they may pose in the event of a downturn.

Securities / Derivatives

ISDA Consults on Proposals to Clean Up CDS Market

12/03/2019

The proposals seek to end a trading practice of encouraging otherwise healthy companies to default by offering them favourable financing in order to pocket CDS payouts.

AML / KYC

SEBI’s Meets Opposition from Global Funds on KYC Requirements

12/03/2019

Global asset managers have opposed SEBI’s plan to create a centralised database of beneficial owners of foreign portfolio investors.

AML / KYC

Bank of Ayudhya Uses Facial Recognition in Account Opening

12/03/2019

Bank of Ayudhya has become the first bank in Thailand to introduce facial recognition in account opening, which it says will enhance security and prevent fraud and identity theft.