Market Infrastructure

Southbound Bond Connect to Launch on 24 September

15/09/2021

Southbound trading under Bond Connect will have an initial daily quota of CNY 20 billion and an annual quota of CNY 500 billion.

Market Infrastructure

Australia Appoints Inaugural Members to FRAA

15/09/2021

Nicholas Moore, ex-CEO of Macquarie Group, has been appointed as Chair of the Financial Regulator Assessment Authority, which will oversee ASIC and APRA.

Fintech / Regtech

Bursa Malaysia to Explore Dematerialised Structured Warrants

15/09/2021

Digital Asset, VMware, Macquarie Capital Securities and Maybank Investment Bank will participate in the dematerialisation proof-of-concept.

Fintech / Regtech

RBI Opens Applications for Third Sandbox Cohort

15/09/2021

Six entities from the first cohort on retail payments have exited the sandbox. The second cohort on cross-border payments is commencing testing this month.

Market Infrastructure

ACCC Authorises Amalgamation of BPAY, eftpos, NPPA

15/09/2021

The ACCC said the merger will enable the three payment schemes to coordinate investment proposals, avoid duplicative spending, and likely result in public benefit.

Market Infrastructure

CLS, Global Banks Collaboration on PvP Settlement in FX Market

14/09/2021

Twelve global banks are participating in a pilot to evaluate potential PvP solutions for currencies that are not currently eligible for CLSSettlement.

Fintech / Regtech

FSC Korea Selects 20 Entities for Digital Data Testbed

14/09/2021

Fintech startups will test their business ideas for 11 weeks between 27 September and 10 December, and announce their results by year end.

Market Infrastructure

China to Develop Qianhai, Hengqin into GBA ‘Cooperative Zones’

14/09/2021

Qianhai in Shenzhen will be used to strengthen cooperation with Hong Kong while Hengqin in Zhuhai will serve to strengthen cooperation with Macao.

Market Infrastructure

Beijing Stock Exchange Issues Draft Listing Rules

14/09/2021

The draft rules cover issuance and listing rules, audit rules, and rules for refinancing and major asset reorganisations of listed companies.