Enforcement

SFC Fines Credit Suisse Securities Over Market Making Errors

09/11/2020

Credit Suisse Securities submitted 17,000 erroneous market making quotes to the market in 8 minutes due to a logic error in its symbol mapping programme.

ESG / Sustainability

TAIFEX to Expand Offshore Index Futures Suite with FTSE 100 Futures

09/11/2020

TAIFEX already offers Dow Jones, S&P 500 and Nasdaq-100 index futures. FTSE 100 Futures will further enhance its ability to cater to offshore investors.

BNM Announces Targeted Borrower Relief Under Record National Budget

09/11/2020

Among the measures, BNM will establish a 2bn ringgit facility for SMEs to borrow from participating FIs at concessionary rates and with a government guarantee.

Securities / Derivatives

SEBI to Require Debt Funds to Hold Liquid Assets, Stress Test

09/11/2020

Open-ended debt mutual fund schemes will have to hold at least 10% of their net assets in liquid assets, and mandatorily conduct stress testing.

Fintech / Regtech

SGX Enables SingPass Authentication for CDP Transactions

09/11/2020

The introduction of SingPass offers CDP customers better convenience and security when they transact online, and forms part of SGX’s ‘CDP Goes Digital’ initiative.

Fintech / Regtech

MAS Announces Grant to Help Small FIs Adopt Reg Reporting Tech

09/11/2020

The grant provides funding support for smaller FIs to adopt regulatory reporting solutions from pre-approved providers – AxiomSL, KPMG Services and Wolters Kluwer.

AML / KYC

SFC Eases Uncertainty Over National Security Law – Report

09/11/2020

Implementing US sanctions is unlikely to be considered a breach of the national security law. The SFC has dropped a plan to force cloud providers to share client data.

Securities / Derivatives

SEBI Introduces ‘Flexi Cap’ Category for Mutual Funds

09/11/2020

The new ‘Flexi Cap Fund’ category allows fund managers to dynamically change their allocations across small, mid and large-cap stocks.

Market Infrastructure

HKMA Invites Tenders to Implement LIBOR Transition for Exchange Fund

09/11/2020

Interested parties should arrange project staff members who are familiar with or experienced in the Calypso system and LIBOR transition.