Market Infrastructure

FIs Need to Bolster Security Controls to Mitigate Cyber Risk: MAS

10/11/2020

FIs need to review the adequacy of their cyber risk mitigating measures and controls, including in relation to third-party vendors and open-source software.

Capital / Liquidity

APRA Adjusts Capital Treatment of Equity Investment in Subsidiaries

10/11/2020

The move is aimed at ensuring that any new or additional equity investments by banks in subsidiaries is backed by appropriate capital to reduce the risk to Australian depositors.

Securities / Derivatives

Thailand Makes Stock Trading Fees Tax-deductible Until Year-End

10/11/2020

The SEC has notified investors that they can use securities and futures trading fees for tax deductions under a new government scheme.

Market Infrastructure

IFC, HKMA Launch New Alliance to Address Climate Change

09/11/2020

IFC and the HKMA will bring together FIs, associations, research institutions, and technology providers to build capacity for green finance and promote climate investments.

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.