Securities / Derivatives

Bursa Malaysia, ZCE Sign MOU on Derivatives Market Development

01/11/2021

Bursa Malaysia Derivatives and Zhengzhou Commodity Exchange will collaborate on information exchange, product research, and training and educational events.

Securities / Derivatives

SGX Secures Deal to Distribute Market Data to Mainland Investors

01/11/2021

Shanghai Stock Exchange subsidiary CIIS is distributing SGX prices and data on listed companies, S-REITs and property trusts to mainland investors.

Enforcement

CBA Pleads Guilty to Mis-Selling Consumer Credit Insurance

01/11/2021

Deputy chair Sarah Court said ASIC pursued a criminal case against CBA after it was clear customers had been sold insurance that they had no use for.

Korea Creates Taskforce to Oversee Household Debt Management

01/11/2021

The taskforce will explore additional measures to manage household debt-related risks and promote more responsible lending practices.

Market Infrastructure

New Zealand Introduces Bill on Retail Payments Regulation

01/11/2021

The regime will cap interchange fees on designated payment networks, starting with Mastercard and Visa’s credit and debit card networks.

AML / KYC

Trust but Verify: Establishing a Client’s Source of Wealth

01/11/2021

The Pandora Papers provide a stark reminder of the importance of having a robust risk assessment process in place for due diligence and source of wealth checks.

Securities / Derivatives

Bursa Malaysia Launches Competency Framework on Sustainability

01/11/2021

The framework maps competencies against sustainability-related positions to facilitate the development of sustainability strategies and reporting approaches.

Fintech / Regtech

HKIMR Offers Suggestions to Narrow AI/BD Talent Gap

31/10/2021

An estimated 2,000 professionals with both finance and AI/big data skills are needed to meet the talent gap in Hong Kong’s financial industry.

Market Infrastructure

IOSCO Updates, Expands Principles on Outsourcing

31/10/2021

IOSCO’s principles on outsourcing have been updated to include trading venues, intermediaries/market participants acting on a proprietary basis, and CRAs.