Market Infrastructure

CSRC Forms Preparatory Group for Guangzhou Futures Exchange

11/10/2020

The establishment of a new futures exchange in Guangzhou was part of a policy blueprint for the GBA released earlier this year.

Fintech / Regtech

BOK On Track to Test CBDC Distribution in 2021

11/10/2020

The distribution and circulation test is the final part of a three-step, 22-month pilot programme which commenced in April.

Securities / Derivatives

Australia to Assist Cambodia in Capital Markets Development

11/10/2020

The Australian government will provide technical assistance to develop a regulatory framework and market capacity for investment in infrastructure.

Market Infrastructure

ISDA to Launch IBOR Fallbacks Supplement, Protocol on 23 Oct

11/10/2020

Widespread adoption is a tangible step financial and non-financial firms can take to avoid disruptions in derivatives markets and mitigate risks at a system-wide level, the FSB says.

Securities / Derivatives

SC Malaysia to Allow Financial Planners to Advise on Stocks, Bonds

11/10/2020

The new policy will encourage informed participation in stocks and bonds, while also protecting investors against bad investment choices.

Big Picture

BIS Report Outlines Common Foundation for Retail CBDCs

11/10/2020

Any decision to launch a CBDC would depend on an informed judgment that the risks can be managed, including the risk of disintermediating banks or enabling ‘digital runs’.

Securities / Derivatives

Australia Federal Budget Delivers Super Fund Accountability

09/10/2020

Super funds will be forced to enhance disclosures on fees and performance. Consistently underperforming super funds will be prohibited from receiving new members.

AML / KYC

Hong Leong Bank Launches Digital Account Opening

08/10/2020

Hong Leong has become the first Malaysia bank to launch “fully digital” account opening, just three months after BNM’s new e-KYC guidelines took effect.

AML / KYC

UOB Credited for Helping Recover Stolen Funds

08/10/2020

Collaboration with UOB attests to the importance of a strong partnership with community stakeholders to effectively combat scams and transnational fraud, the Police said.