Trading & Investment

NEX Launches OTC Derivatives Reporting Solution in Australia

17/09/2018

The solution ensures data integrity and quality before delivery to CME Group or DTCC Asia licensed trade repositories.

Trading & Investment

KRX Tightens Per-Order Limit for Stock Trades

14/09/2018

Investors will be allowed to buy a maximum of 1% of a company’s total shares starting 17 September, a rule aimed at preventing error trades.

Data Privacy

ACCC Consults on Open Banking Data Rights Rules

13/09/2018

Consumer data rights framework to be initially applied under the open banking regime, with the big four banks set to make data available by 1 July 2019.

KYC & CDD

Hong Kong FIs Share Foreign Tax Resident Data with IRD – Report

12/09/2018

Over 1,700 financial institutions have shared customer account balances and income details with the tax authority, as required by AEOI.

Conduct, Culture & Accountability

Australian Banks Face ‘Largest Ever’ Class Action

12/09/2018

A series of class actions for millions of super fund customers could cost Australian financial institutions up to A$1bn.

Fraud, Scams & Cybercrime

RBI Fines Three State Banks for Fraud Reporting Failures

10/09/2018

Union Bank of India, Bank of India and Bank of Maharashtra are each fined 10 million rupees.

Credit Risk

China Scraps Ceiling on Banks Investing in Local Govt Bonds

06/09/2018

A 20% ceiling was introduced in 2012 to prevent banks from buying up bonds issued by their own underwriting departments; banks can now buy any portion of a bond sale that is not fully subscribed.

Trading & Investment

Taiwan to Introduce Continuous Trading for Equities in 2020

06/09/2018

Continuous trading will enable real-time trading by matching orders immediately; existing call auction mechanism collects orders over five seconds before matching occurs.

Custody & Infrastructure

PBOC Trials Blockchain-based Trade Finance in Shenzhen

05/09/2018

Testing phase of new platform deployed at financial institutions including BOC, CCB, CMB, Ping An and StanChart, in a bid to boost efficiency of trade and financing activities.