ESG / Sustainability

SFC’s Alder Speaks on “Greening the Financial System’

27/03/2019

The financial sector will have a critical role to play in channelling investment towards sustainable projects on a global scale, said SFC chief Ashley Alder at the Bloomberg BuySide Summit.

Securities / Derivatives

Taiwan Launches Simulator for New Continuous Trading System

27/03/2019

The simulation platform will operate off-market hours and allow investors to familiarise themselves with the new system, which is set to be launched in March 2020.

Securities / Derivatives

Bangladesh Looks to Boost Capital Markets with Derivatives, Sukuk Trading

26/03/2019

Bangladesh’s securities regulator is reportedly formulating new rules to facilitate trading of derivatives and sukuk, while it also considers changes to enhance private placement regulations.

Market Infrastructure

Leading Dealers Adopt DTCC-Euroclear Collateral Management Utility

26/03/2019

The Margin Transit Utility provides straight-through-processing and centralised communications and settlement instructions for collateral transfer.

Capital / Liquidity

New Internet-Only Banks in S. Korea to Get Grace on Basel Rules

26/03/2019

The FSC wants to grant new internet-only banks three years’ grace on Basel III requirements to ease the regulatory burden during the early stages of their business operation.

Fintech / Regtech

Singapore, Australia Fintech Bodies Agree to Collaborate

26/03/2019

FinTech Australia and the Singapore Fintech Association have agreed to collaborate on fintech initiatives across ASEAN and Australia. The MoU was signed at Money20/20 in Singapore last week.

Fintech / Regtech

RBI to Issue Regulatory Sandbox Guidelines Within 2 Months

26/03/2019

The RBI will set up a regulatory sandbox and create an ecosystem which promotes collaboration in fintech, central bank governor Shaktikanta Das said on Monday.

Capital / Liquidity

RBI Again Defers Banks’ Implementation of New Accounting Standards

25/03/2019

The RBI has again deferred ‘until further notice’ the implementation of new accounting rules for banks, which could have forced banks to raise bad loan provisions by $16bn in H2, said Fitch.

Big Picture

Hong Kong Consumers Willing to Share Personal Data – Accenture

25/03/2019

Although 60% of Hong Kong consumers say they are very cautious about data privacy, more than half are willing to share significant personal data for lower pricing on financial services.