Payments & Settlements

Indonesia Unveils Payment System Roadmap, Launches QR Code System

29/05/2019

Bank Indonesia’s roadmap for the payments system includes plans for open banking, real-time retail payments and a digital ID system.

Trading & Investment

SEBI Issues Disclosure Guidelines for Listed Debt Securities

29/05/2019

SEBI requires debenture trustees to continuously disclose the status of interest and redemption payments, meaning that any default or delay of payment will be disclosed within a day of the due date.

Trading & Investment

ISDA Proposes Further Definition Changes to Improve CDS Market

29/05/2019

The new proposal will amend the definition of “Outstanding Principal Balance”, which determines the principal amount of a bond or loan that must be delivered to physically settle a CDS contract.

Cryptocurrency

IOSCO: Key Considerations for Regulating Crypto Trading Platforms

29/05/2019

The key considerations represent specific areas that IOSCO believes jurisdictions could consider in the context of the regulation of crypto-asset trading platforms.

Trading & Investment

HKEX Launches First 2x Inverse ETF

29/05/2019

In its three year strategic plan unveiled earlier this year, HKEX said it would work to become a hub for the issuance and trading of ETFs in Asia.

Operational Risk

CFFEX to Set Aside 20pc of Fee Income as Risk Reserve

29/05/2019

Effective from 24 May, the CFFEX will set aside 20 percent of its service fee income as risk reserves, to be maintained in a special account and managed under separate accounting.

Trading & Investment

India Opens Voluntary Retention Route for FPIs

28/05/2019

The revised VRR scheme is open for allotment as of 27 May, allowing FPIs to invest in government securities and corporate debt up to an aggregate limit of $7.8bn.

Structural Regulation

Hong Kong, China Agree to Cooperate on Audit Regulation

28/05/2019

Hong Kong’s Financial Reporting Council will be able to access audit papers located in the mainland “through an effective mechanism and clear procedures”.

Payments & Settlements

Decline in Correspondent Banking is Universal – CPMI

28/05/2019

Over the last seven years, active relationships in the global correspondent banking network have declined by about 20%, and the number of active corridors has fallen by roughly 10%.