Securities / Derivatives

Taiwan to Introduce Continuous Trading for Equities in 2020

06/09/2018

Continuous trading will enable real-time trading by matching orders immediately; existing call auction mechanism collects orders over five seconds before matching occurs.

Fintech / Regtech

PBOC Trials Blockchain-based Trade Finance in Shenzhen

05/09/2018

Testing phase of new platform deployed at financial institutions including BOC, CCB, CMB, Ping An and StanChart, in a bid to boost efficiency of trade and financing activities.

Market Infrastructure

ISIN-to-LEI Mapping Initiative Set to Improve Transparency

05/09/2018

New global initiative announced by ANNA and GLEIF will map ISINs to their corresponding LEIs, effectively linking the issuer and issuance of securities.

Market Infrastructure

India Launches Payments Bank Using Postal Network

04/09/2018

On 1 September, India’s postal services launched a payments bank to offer basic banking and remittance services, starting from 650 post offices with an aim to expanding to its network of 155,000 post offices by 31 December.

AML / KYC

SFC Urges Licensed Firms To Strengthen AML/CFT Measures

03/09/2018

Hong Kong firms need to step up AML/CFT compliance keeping in mind deficiencies and gaps found during the regulator’s thematic reviews and on-site exceptions.

Market Infrastructure

First Commodity Derivatives Clearing House Starts Operations in India

03/09/2018

First commodity derivatives clearing house in India, MCX Clearing Corporation, begins operations from 3 September 2018.garima

Capital / Liquidity

HKMA to Exempt Overseas Incorporated Banks from IRRBB Framework

03/09/2018

Central bank to exempt institutions incorporated overseas from new local IRRBB framework in cases where parent group is not additionally represented in Hong Kong through a locally incorporated institution.

Enforcement

Chinese Police Detain Fugitive Hedge Fund Manager

31/08/2018

The chairman of Shanghai Fuxing Group fled the country in June amid allegations of market manipulation, after defaulting on bank loans and $2.6bn in investor payouts.

Enforcement

MAS Bars Former UOB Officer for 12 Years

31/08/2018

The ex-UOB employee, without a capital markets services licence, had setup a company to invest on behalf of other investors, and later misappropriated SG$520,000 entrusted to him by clients.