Securities / Derivatives

Sumitomo Mitsui Seeks Approval to Launch China Brokerage

28/07/2021

Sumitomo Mitsui Financial Group and SMBC Nikko Securities filed a joint application with the CSRC on Tuesday.

Securities / Derivatives

SEBI Requires Segregation, Monitoring of Client Collateral

27/07/2021

The framework seeks to address previous instances of brokers defaulting and misusing clients’ securities and funds.

Market Infrastructure

Australia Consults on Expansion of CDR to Telecom Sector

27/07/2021

Telecommunications will be the third sector to be considered for designation after banking and energy, which were designated in 2019 and 2020.

AML / KYC

Singapore: “Several” DPT Licences in Final Stages of Review

27/07/2021

Of around 170 digital payment token service providers who applied for a licence, 30 applications have been withdrawn after engagement with MAS and two have been rejected.

AML / KYC

Taiwan FSC Fines Taishin Int’l Bank for Oversight Failures

26/07/2021

A Taishin customer relationship manager stole TWD 347 million from nine customers over more than a decade by asking them to sign blank transfer forms.

Securities / Derivatives

SGX Expands Into FX OTC Space with Another Acquisition

26/07/2021

SGX is acquiring FX trading platform MaxxTrader, paving the way for it to build an integrated and scalable FX OTC marketplace anchored in Singapore.

AML / KYC

China Names First Targets of Anti-Foreign Sanctions Law

25/07/2021

China has sanctioned former US Secretary of Commerce Wilbur Ross, 5 other individuals, and a nonprofit organisation.

AML / KYC

European Commission Presents Package of AML/CFT Reforms

23/07/2021

A new EU-level AML authority will coordinate national authorities to ensure the private sector correctly and consistently applies EU rules.

Fintech / Regtech

HKMA Launches Commercial Data Interchange Innovation Hub

23/07/2021

The Hub will further facilitate the development and adoption of the CDI by helping to match potential data providers and data users.