Trading & Investment

NSE, SGX Reach Agreement on India Derivatives

01/04/2019

NSE and SGX have reportedly finalised an agreement that will enable SGX to offer trading in Nifty derivatives to Singapore investors through a special purpose vehicle operating as a broker at GIFT City.

Structural Regulation

EU, Singapore Adopt Decision to Mutually Recognise Derivatives Venues

01/04/2019

The European Commission recognises Singapore trading venues as MiFIR-compliant; MAS has exempted EU trading facilities from its markets licensing requirements.

Cloud & Infrastructure

S. Korea Launches Regulatory Sandbox, 105 Applications Received

01/04/2019

South Korea’s Special Act on Financial Innovation Support has taken effect 1 April, marking the formal launch of the country’s first financial regulatory sandbox.

Anti-Money Laundering

UN Security Council Resolution Targets Terrorism Financing

01/04/2019

The UN Security Council has adopted a resolution calling on member states to beef up efforts to identify, prosecute and penalise those directly or indirectly financing terrorism.

Credit Risk

Vijaya, Dena Banks Start Operating as Bank of Baroda Branches

01/04/2019

The state-backed three-way merger of Vijaya Bank, Dena Bank and Bank of Baroda has taken effect, creating India’s third largest lender.

Trading & Investment

Indonesia Simplifies Stock Account Opening Process

01/04/2019

A new simplification programme for opening stock accounts in Indonesia should cut processing times to as little as 30 minutes, from about two weeks previously.

Anti-Money Laundering

Malaysia Mulls Cash Transaction Limit as AML Measure

01/04/2019

Bank Negara Malaysia will conduct a public consultation by Q3 to gather feedback on the implementation of a cash transaction limit, what it should be, and whether it is even desirable.

Payments & Settlements

SEBI Updates Disaster Recovery Guidelines for Market Infrastructures

01/04/2019

Stock exchanges, depositories and clearing corporations must have in place business continuity plans and disaster recovery policies that ensure ‘zero data loss’

Trading & Investment

Automated Trading Does Not Impact End-of-Day Volatility – CFTC

01/04/2019

A new report reveals that the rise of automated orders has not resulted in a systematic increase in end-of-day price volatility over a 6 year period.