Crypto / Digital Assets

SFC Details Rules for Virtual Asset Fund Managers

07/10/2019

The SFC has published new requirements for virtual asset fund managers, relating to capital, best execution, liquidity and custody, among other areas.

New HKMA Chief Signals Priorities for Term Ahead

04/10/2019

Incoming HKMA chief Eddie Yue vowed to defend Hong Kong’s currency peg, promote market development opportunities, and foster a better ecosystem for fintech, regtech and suptech.

Securities / Derivatives

HKMA Updates Rules on Sales of Banking Products

27/09/2019

Banks may not sell investment, insurance and MPF products in areas that are used for deposit-taking activities, and the face-to-face sales process must be audio-recorded.

Big Picture

Automating Regulatory Compliance in DLT-based Markets: BIS Paper

23/09/2019

The paper makes the case for a “embedded supervision”, a regulatory framework that automates compliance monitoring using the information in a distributed ledger.

Market Infrastructure

ISDA Consults on Final Parameters for Benchmark Fallback Adjustments

19/09/2019

Based on the results, the 2006 ISDA Definitions will be adjusted to incorporate fallbacks for new IBOR trades, and a protocol for including fallbacks in legacy IBOR contracts will be published.

Securities / Derivatives

BIS Survey Reveals Rising Significance of Asian FX Hubs

18/09/2019

Sales desks in China, Hong Kong and Singapore all recorded rises in FX trading activity compared to three years earlier. The UK increased its dominance despite Brexit fears.

Big Picture

Climate Risk Resilience Vital for Financial Stability: S&P

16/09/2019

Banks need to act now to minimise future climate-related costs and the impact on their creditworthiness, says a new report from S&P Global Ratings.

Market Infrastructure

HKEX Merger a ‘Significant Backward Step’, Says LSEG

14/09/2019

The London Stock Exchange Group sees no merit in further engagement because of fundamental flaws in HKEX’s offer.

Market Infrastructure

SGX Annual Report Highlights Rising Interest from Global Investors

13/09/2019

SGX is exploring how new technologies can further add value for customers and improve operations, while its regulatory arm seeks a stronger presence and oversight.