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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.
Capital / Liquidity
Vijaya, Dena Banks Start Operating as Bank of Baroda Branches
01/04/2019
The state-backed three-way merger of Vijaya Bank, Dena Bank and Bank of Baroda has taken effect, creating India’s third largest lender.
AML / KYC
Indonesia Simplifies Stock Account Opening Process
01/04/2019
A new simplification programme for opening stock accounts in Indonesia should cut processing times to as little as 30 minutes, from about two weeks previously.
AML / KYC
Malaysia Mulls Cash Transaction Limit as AML Measure
01/04/2019
Bank Negara Malaysia will conduct a public consultation by Q3 to gather feedback on the implementation of a cash transaction limit, what it should be, and whether it is even desirable.
Market Infrastructure
SEBI Updates Disaster Recovery Guidelines for Market Infrastructures
01/04/2019
Stock exchanges, depositories and clearing corporations must have in place business continuity plans and disaster recovery policies that ensure ‘zero data loss’
Market Infrastructure
Automated Trading Does Not Impact End-of-Day Volatility – CFTC
01/04/2019
A new report reveals that the rise of automated orders has not resulted in a systematic increase in end-of-day price volatility over a 6 year period.
Market Infrastructure
China Approves JP Morgan, Nomura Securities Joint Ventures
01/04/2019
JP Morgan and Nomura have been given regulatory approval to set up new majority owned securities joint ventures in China.
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