Market Infrastructure

China National Credit System to Include Foreign Data

29/04/2019

Foreign workers in China will be required to submit their personal credit information, including from activities in other countries, to the national credit system in order to obtain loans.

Securities / Derivatives

NSE Raises Margins on Futures, Options with High Open Interest

29/04/2019

The National Stock Exchange of India has raised trading margins required for stock futures and options by up to 300%, depending on market wide position limits.

Market Infrastructure

RBI Extends LEI Deadlines for Non-Derivative Market Participants

29/04/2019

Participants in government securities, money markets and non-derivative forex markets will have until the end of this year to obtain LEIs.

Capital / Liquidity

Bangladesh Bank Relaxes Loan Classification Rules

29/04/2019

From 30 June, loans will be classified as ‘bad’ only once they have been overdue for at least 12 months, compared to nine months previously, among other changes.

Market Infrastructure

Bursa Malaysia Goes Live with T+2 Settlement

29/04/2019

Starting today (29 April), securities trade on Bursa Malaysia will be executed on T+2 settlement, a move first proposed in March 2018.

Fintech / Regtech

SAFE to Pilot Blockchain Based Trade Finance Platform

26/04/2019

China’s foreign exchange regulator has developed an open blockchain platform to help address the inefficiencies of cross-border trade finance.

AML / KYC

Wolfsberg Group Endorses APAC Toolkit for Tackling Human Trafficking

26/04/2019

The Wolfsberg Group has endorsed the latest Anti Human Trafficking Toolkit from the Thomson Reuters Foundation, tailored for use in Asia Pacific by banks and financial institutions.

Market Infrastructure

MAS Issues Update to E-Payments User Protection Guidelines

26/04/2019

The update addresses situations where customers choose to receive fewer transaction notifications, which could affect their ability to monitor for unauthorised transactions.

Securities / Derivatives

MAS Seeks to Strengthen Singapore as a Global Hub for FX Trading

26/04/2019

MAS has reportedly been encouraging major FX players to build their systems, trading engines and data centres locally to reduce latencies from routing trades through other FX hubs.