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.

Fintech / Regtech

Xiaomi Seeks Entry to India Payments Market

30/08/2018

The Chinese smartphone maker is conducting tests for its upcoming payments service in India, which is set to be powered by the UPI, if approval is granted by the RBI.

Capital / Liquidity

Chinese Distressed Asset Exchange to Boost Foreign Investor Access

30/08/2018

Qianhai Financial Assets Exchange, the Chinese first exchange to sell bad debt to foreign investors, seeks to simplify processes to enable easier access for investors overseas.

Securities / Derivatives

Axis Becomes First Bank Subsidiary to Offer Commodity Derivatives

30/08/2018

Clients can now trade commodity futures and options on the MCX; trading on NCDEX to be supported by end-September.

Securities / Derivatives

Cambodia Set to Launch First Ever Corporate Bond

29/08/2018

The country’s third largest microfinance institution has obtained approval from the central bank, and is now seeking final approval from the securities regulator and exchange.

Securities / Derivatives

HK-China Bond Connect Enables DvP Settlement

27/08/2018

A key demand from international investors, a real-time delivery-versus-payment settlement system has now been implemented on the Bond Connect.

Market Infrastructure

China Scraps Foreign Ownership Limits in Domestic Banks, Asset Managers

27/08/2018

Banking regulator says foreign firms will now be treated as local institutions in terms of market access and administrative licensing.

AML / KYC

Thomson Reuters, Singapore FinTech Association Join Forces on Financial Crime

24/08/2018

The collaboration joins the Singapore FinTech Association network with Thomson Reuters Labs technical expertise to solve issues around financial crime.

Securities / Derivatives

CFTC Grants Osaka Exchange FBOT Registration Status

23/08/2018

Osaka Exchange demonstrates the attributes of an established, organised exchange which is subject to continued oversight by regulators, the CFTC said.