Clearing & Post-Trade

Bangladesh to Establish Clearing Corporation

31/07/2015

The Bangladesh Securities and Exchange Commission is drafting rules to establish a Clearing Corporation to perform clearing and settlement activities of the capital market.

Structural Regulation

India Looks to Expedite New Bank Licenses

31/07/2015

The Reserve Bank of India has asked the Income Tax Department to expedite the collection of financial and tax history of almost 50 companies seeking licences to operate small finance and payment banks in India.

Market Abuse

Nomura Hong Kong Fined for Disclosure Failings

31/07/2015

SFC fines Nomura Hong Kong HK$4.5 million for failing to promptly report trading misconduct by one of its traders.

Anti-Money Laundering

Evolving AML and KYC Standards – Now an Integral Part of Financial Institutions

31/07/2015

Increasingly complex and co-dependent regulations and tax policies are changing the process of onboarding and monitoring clients and counterparties.

Market Data & Technology

Urgency Required to Enact Global Data Standards, says DTCC

30/07/2015

The Depository Trust & Clearing Corporation has urged legislative and industry action to address three key obstacles it has identified that are hindering achievement of the G20 transparency goals.

Cloud & Infrastructure

MAS to Strengthen Dialogue with Financial Industry

29/07/2015

Creation of the new Financial Centre Advisory Panel aimed at strengthening dialogue and partnership with the financial industry.

Payments & Settlements

Taiwan to Start Issuing Third-Party Payment Licenses in August

29/07/2015

Taiwan’s Financial Supervisory Commission plans to start issuing licenses for third-party payment services in August.

Cloud & Infrastructure

Singapore Regulator Creates FinTech & Innovation Group

28/07/2015

The Monetary Authority of Singapore has announced the formation of a new FinTech and Innovation Group within its organisation structure with effect from 1 August 2015.

Trading & Investment

China Financial Futures Exchange Signs MoU with Moscow Exchange

28/07/2015

The China Financial Futures Exchange and the Moscow Stock Exchange have signed a memorandum of understanding to deepen their partnerships and promote common development.