Trading & Investment

SGX RegCo Enhances Market Surveillance with Artificial Intelligence

12/02/2020

The introduction of AI will help isolate unusual activity by learning from historical trading patterns and filtering out noise.

Payments & Settlements

RBI Proposes Authorisation of New Retail Payment Systems

12/02/2020

The draft framework is said to be aimed at addressing concerns that the NPCI has become ‘too big to fail’ and presents increased concentration risk.

Trading & Investment

Bangladesh to Float Shares of State Banks to Prop Up Market

12/02/2020

Sonali Bank, Agrani Bank, Janata Bank, Rupali Bank and Bangladesh Development Bank will each have 25% of their shares listed on the stock market by end-October.

Fraud, Scams & Cybercrime

US Charges 4 Chinese Military Officers for Equifax Hack

12/02/2020

The four Chinese nationals are charged for breaking into Equifax’s computer systems to steal US citizens’ personal data and sensitive trade secrets.

Trading & Investment

Indian Banks Association Pushes for LIBOR Transition Readiness

12/02/2020

The IBA has written to companies asking them to assess the impacts that the LIBOR phase-out will have on their businesses, and to prepare accordingly.

Structural Regulation

HK Accountants Body Calls for Blanket Extension to Results Deadline

12/02/2020

The SFC-HKEX decision to allow the publication of unaudited results on a case-by-case basis has “not yet fully addressed the concerns of the accounting industry”.

Structural Regulation

Alibaba May Be Excluded from HK-China Stock Connect – Report

12/02/2020

A decision has not yet been made to revise a previous arrangement that excludes companies with secondary listings and weighted voting rights from Stock Connect.

Cloud & Infrastructure

Bill Passes to Enhance ASIC’s Fintech Regulatory Sandbox

12/02/2020

Under the amendments, firms will be able to test a wider range of new financial and credit products and services without a licence from ASIC, for a longer time.

Data Privacy

Hong Kong Considers Reforms to Data Privacy Laws

12/02/2020

Key recommendations include higher penalties for breaches, mandatory data breach notifications, and a requirement for clear personal data retention policies.