Securities / Derivatives

FSS Unveils Measures to Boost Internal Controls, Compliance Staff at FIs

18/10/2018

The measures, though not yet finalised, follow recent concerns about stock trading systems at financial institutions in South Korea.

Market Infrastructure

G7 Publishes ‘Fundamental Elements’ for Financial Sector Cyber Resilience

17/10/2018

These include a guide for assessing cyber resilience through threat-led penetration testing, and best practices for managing cyber risk posed by third parties.

Market Infrastructure

ACMF Launches Social and Sustainability Bond Standards for ASEAN

16/10/2018

The new standards complement the ASEAN Green Bond Standards introduced last year. A new framework also announced will facilitate cross-border movement of investment advisers.

Securities / Derivatives

NSE India Launches Commodity Derivatives Segment

15/10/2018

NSE is the second stock exchange in India to offer commodity trading; licensing agreement will see the exchange use LSE prices for settling various commodity futures contracts.

Fintech / Regtech

Singapore, Indonesia Agree to Cooperate on Fintech

15/10/2018

The MOU will facilitate information sharing, promote joint innovation projects and establish a framework to help fintech firms better understand each market.

Enforcement

S. Korea to Toughen Penalties for Naked Short Selling

15/10/2018

New legislative revisions could subject illegal short sellers to up to 10 years imprisonment and fines amounting to 1.5 times profits on short selling.

Market Infrastructure

MAS Shelves ‘KYC Utility’ Project as Costs Surpass Expectations

15/10/2018

The setup cost of the KYC utility exceeds the savings banks would be able to achieve, MAS managing director Ravi Menon told Bloomberg.

AML / KYC

SFC AML/CFT Guideline Revisions to Take Effect in November

15/10/2018

A July consultation proposed amendments to improve the Guideline’s usefulness and relevance and ensure its alignment with international AML/CFT standards.

Securities / Derivatives

China Releases Guidelines on Shanghai-London Stock Connect

15/10/2018

The guidelines set a minimum cap for London-listed firms seeking to issue depository receipts in China, among other requirements.