Market Infrastructure

Bursa Malaysia to Implement T+2 by Q2 2019

03/12/2018

The bourse said the move to a shorter settlement cycle will improve operational efficiency, reduce counterparty risk and improve the competitiveness of Malaysia’s capital market.

Market Infrastructure

Huatai Securities Wins First Approval to Issue GDRs in London

03/12/2018

The approval marks the launch of the Shanghai-London Stock Connect, which allows China- and London-listed firms to issue depository receipts in each other’s markets.

Securities / Derivatives

China Enables Bond Market Access Through Bloomberg Terminal

03/12/2018

The PBOC says preparatory work has been completed to enable international investors’ access to China’s interbank bond market, via Bond Connect, through Bloomberg terminals.

Fintech / Regtech

TransUnion Online Service Suspended in Hong Kong – Reports

03/12/2018

The HKMA and privacy commissioner have demanded security improvements after reporters were able to access top officials’ credit reports through TransUnion’s online service.

AML / KYC

Philippine Central Bank Updates Rules on KYC, AML

03/12/2018

The BSP will require financial institutions to collect customers’ unique ‘PhilSys’ ID numbers, and allow the use of technology to capture and record personal data.

Securities / Derivatives

RBI Announces Phasing-In of LEI for Non-Derivatives Markets

30/11/2018

Entities transacting in government securities, money markets and non-derivative forex markets will be required to have LEI codes, starting with larger firms in April 2019.

Capital / Liquidity

India Eases Asset Securitisation Norms to Help Non-Bank Liquidity

30/11/2018

The RBI has reduced the holding time required for loans with maturities of over 5 years before they can be securitised.

Capital / Liquidity

China Consults on Revision of Rules Governing Foreign Banks

30/11/2018

CBIRC proposes more stringent supervision of foreign banks to improve “risk resilience” and customer protection, following the release of measures to further open up the banking industry.

Capital / Liquidity

India to Implement NSFR from April 2020

30/11/2018

The Net Stable Funding Ratio will apply to Indian banks on both a stand-alone and consolidated basis, and foreign banks on a stand-alone basis.