Securities / Derivatives

Bursa Malaysia Central Depository to Expand Electronic Services

03/06/2019

Bursa Malaysia is proposing rule amendments to facilitate the introduction of new CDS eServices via ‘Bursa Anywhere’ – a new electronic platform.

Market Infrastructure

Japan, Philippines Explore Yen-Peso Direct Trading

03/06/2019

Japan and the Philippines will explore the establishment of direct yen-peso settlement for trade and investment between the two countries.

Enforcement

Macquarie Securities Penalised for Submitting Incorrect Regulatory Data

03/06/2019

Over 4 years, approximately 42 million orders containing incorrect or omitted regulatory data were submitted to ASX and Chi-X.

Capital / Liquidity

S. Korea Tightens Lending Standards in Non-Bank Sector

03/06/2019

The FSC will extend the debt service ratio to include non-bank financial institutions in a bid to rein in household debt.

Market Infrastructure

FSB Details Progress to Address Decline in Correspondent Banking

03/06/2019

The number of active correspondent banks declined by 3.4% in 2018, bringing the cumulative decline since 2011 to 19.3 percent.

Big Picture

Industry Body Publishes Best Practices Paper for CCPs

03/06/2019

Global association CCP12 says in a new paper that a ‘one-size-fits all’ approach to CCPs is inappropriate, and it is critical to recognise jurisdictional differences.

Crypto / Digital Assets

ASIC Updates Guidance for ICO, Crypto-Asset Issuers

02/06/2019

The guidance tells issuers how to determine whether an ICO or crypto-asset is considered a financial product, and which Australian laws would apply.

Market Infrastructure

FSC Korea Proposes More Flexible Business Conduct Rules

02/06/2019

‘Chinese walls’ at financial firms will be set up around ‘information units’ rather than ‘business units’. Firms can entrust a broader range of business to third parties and IT firms.

Securities / Derivatives

SFC Asks Licensed Firms to Review Controls on Third-Party Deposits

01/06/2019

Senior management will be held accountable for failures to put in place effective policies, procedures and controls for handling third-party deposits and payments.