AML / KYC

China’s NIFA Launches AML/CTF Monitoring Platform for Online FIs

16/01/2019

Online financial institutions including those engaged in online lending, equity crowdfunding, fund sales and consumer finance are required to register on the platform by 31 January.

Crypto / Digital Assets

Hong Kong, Luxembourg Sign Mutual Recognition of Funds Agreement

16/01/2019

Eligible general equity, bond or mixed funds authorised by the SFC can seek authorisation to be marketed to retail investors in Luxembourg.

Fintech / Regtech

HSBC to Enable Blockchain-based FX Settlement Platform for Clients

15/01/2019

In the last year, HSBC has processed more than 3 million internal FX transactions worth over $250bn using the blockchain-based FX settlement platform.

Securities / Derivatives

FMSB Issues Good Practices for Suspicious Transaction, Order Reporting

15/01/2019

The FICC Markets Standards Board has published the final version of its Statement of Good Practice on suspicious transaction and order reporting.

Capital / Liquidity

Basel Committee Eases Trading Book Capital Requirements for Banks

15/01/2019

The final revisions to the market risk framework reduces the amount of total market risk capital for banks’ trading books by almost half compared to the 2016 version.

Market Infrastructure

Singapore Parliament Passes Payment Services Act

15/01/2019

The law represents a framework to streamline payment services regulation in Singapore under a single legislation and bring payment activities under the remit of the MAS.

Market Infrastructure

India to Force Foreign Brokers to Store Data Locally

15/01/2019

SEBI plans to mandate that data on Indian customers be stored on local servers, or for a real-time backup to be created to enable access from within the country.

Securities / Derivatives

Singapore, Philippine Bourses Collaborate on Equity Derivatives

15/01/2019

The SGX and PSE are working on developing new equity index derivatives for listing in the Philippines to offer a more diverse product line to international investors.

Securities / Derivatives

China Doubles QFII Quota to Boost Foreign Investment

15/01/2019

China will double the quota from the current $150bn, despite having only granted $101.1bn in quotas to foreign investors as of December.