Fintech / Regtech

SWIFT Trials Instant Cross-Border Payments Service in Asia Pacific

27/08/2018

SWIFT is set to trial its gpi payments service using Australia’s New Payments Platform, together with banks from China, Singapore and Thailand.

Market Infrastructure

Major Banks Slow to Adopt New Payments Platform – RBA

24/08/2018

RBA governor says major banks are slow to adopt NPP, Australia’s new real-time settlement system; however, banks have begun to speed up the uptake process, the assistant governor said.

Capital / Liquidity

RBI Restates Case For Public Credit Registry

24/08/2018

RBI deputy governor says that a public credit registry, with inputs from the corporate registration and GST database, will help increase access to credit in India.

Securities / Derivatives

Merrill Lynch High Speed Trading Under KRX Scrutiny

22/08/2018

The public expressed concern through online petitions to the President’s office over Merrill Lynch’s high frequency trading operations in Seoul.

Big Picture

Finance, Banking Professionals Considered Most Unethical In Australia

22/08/2018

The Governance Institute of Australia’s 2018 Ethics Index revealed that public trust in banking and financial services is at a new low.

AML / KYC

SEBI Extends Deadline to Provide FPI Beneficial Ownership Details

22/08/2018

Requirement to provide details of beneficial ownership extended to end-December, after market participants asked for a review of the FPI guidelines and more time to comply.

Market Infrastructure

India Tops Global Data Breach List For 2018 – Report

22/08/2018

India, Vietnam and Australia were among the top five jurisdictions globally in terms of records exposed.

Securities / Derivatives

Hong Kong SFC Proposes New Rules For Securities Margin Financing

20/08/2018

The regulator has launched a two-month consultation around stronger risk management standards to govern securities margin financing.

Enforcement

CSRC Bars Dagong from Ratings Business for One Year

20/08/2018

The ratings agency is a target of an investigation by the securities regulator for poor governance and risk management following a spate of overly optimistic ratings given to local issuers.