Market Infrastructure

Japan Exchange Group to Sell SGX Stake Over Three Years

03/04/2018

JPX to sell stake due to governance code requirements to explain strategic holdings, but says cooperation will continue.

Securities / Derivatives

China Launches Depository Receipt Pilot

31/03/2018

Overseas-listed tech firms with market cap over 200 billion yuan can issue CDRs; unlisted firms valued over 20 billion yuan to be considered for domestic listings.

Enforcement

Chinese Government Approves WMP Clampdown

30/03/2018

New rules to reduce leverage, ban guarantees; financial court to be set up in Shanghai will jurisdiction over major legal cases.

Market Infrastructure

PBOC Pilots Phase Two Interbank Payment System

30/03/2018

The second phase of CIPS will pilot at ten banks covering cross-border yuan clearing and settlement for all time zones.

Capital / Liquidity

Indonesian D-SIBs Ordered to Boost Capital

29/03/2018

Regulator has imposed a Tier 1 capital surcharge between 1 and 3.5 percent on the country’s systemically important banks.

Capital / Liquidity

Malaysia to Make Specialist Compliance, Risk Management Qualifications Compulsory

29/03/2018

BNM to introduce code of conduct for senior FI personnel, regulatory standards to govern banks’ increased outsourcing of functions.

Securities / Derivatives

Australia Introduces Funds Passport Legislation

29/03/2018

Implementation of Asia Region Funds Passport to be complemented by a new corporate structure vehicle to export to investors in Asia.

Fintech / Regtech

Indian Exchange Eyes Machine Learning, AI to Combat HFT Risks – Report

28/03/2018

Managing director and CEO of National Stock Exchange tells Livemint new technology is needed to meet traders’ increasing sophistication.

Enforcement

Australian Bank Conduct Code to be Compulsory

28/03/2018

Code being considered by ASIC will be binding, with self-regulatory body given power to investigate misdemeanours and issue sanctions.