Market Infrastructure

Thailand, Clearstream to Link Funds Platforms by Early 2019

10/09/2018

The link will give international investors access to Thai funds and in due course provide Thai investors access to international funds markets.

Securities / Derivatives

China Eases Rules on Stock Buybacks to Boost A-Share Market

10/09/2018

An increase in stock buybacks by listed companies will help stabilise the A-share market following year-to-date losses of near 20%.

Market Infrastructure

FundForum: European Policy Impacts on APAC Asset Managers

10/09/2018

MiFID II and GDPR have been the biggest European regulations to impact asset management firms in Asia, according to FundForum panellists last week.

Market Infrastructure

MAS Consults on Mandatory Cybersecurity Requirements for FIs

07/09/2018

Proposed measures aim to enhance system and network security and protect against unauthorised use of system accounts with extensive access privileges.

Capital / Liquidity

ASIC Releases New Rules on Responsible Credit Card Lending

06/09/2018

Credit card providers will need to assess the suitability of new cards and credit limit increases based on consumers’ ability to repay in full within a three year period.

ESG / Sustainability

FundForum: Nurturing Growth in Hong Kong’s Asset Management Sector – SFC

06/09/2018

The SFC’s Alexandra Yeong says Hong Kong has made great strides towards becoming a global centre for asset management.

Enforcement

Westpac to Pay Record A$35mn for ‘Responsible Lending’ Breach

05/09/2018

Westpac Bank’s automated credit assessment system approved 10,500 home loans between 2011 and 2015 which should not have been automatically approved; the system has since been upgraded.

Market Infrastructure

ASX Defers CHESS Replacement by Six Months to Ensure Readiness

05/09/2018

ASX deferred the earliest go-live date for new DLT-based system to target March-April 2021; will provide additional six months for user development and testing, industry testing and accreditation.

Market Infrastructure

Regulatory Coordination Needed to Reduce Inefficiencies in APAC – Report

05/09/2018

With regulation continuing to play a prominent role in Asia over the next five years, China’s Belt and Road initiative is likely to drive increased coordination between the region’s regulators, says a new report from Broadridge and Kapronasia.