Market Infrastructure

JP Morgan Blockchain-based Payments Platform Gains Traction

01/10/2018

The Interbank Information Network (IIN) now has 76 participating banks; it seeks to use blockchain tech to reduce the time correspondent banks spend responding to inquiries that delay payments.

Securities / Derivatives

S. Korea to Level Playing Field for Domestic PE Funds

01/10/2018

The FSC plans to ease rules that are said to limit the shareholder rights of domestic private equity funds and put them on even footing with foreign funds.

Market Infrastructure

MAS Publishes User Protection Guidelines for E-Payments

01/10/2018

The guidelines establish a common baseline protection from losses arising from isolated unauthorised or erroneous electronic payment transactions.

Enforcement

Australian Financial Sector Condemned in Royal Commission Interim Report

01/10/2018

The report says financial institutions have had free reign to pursue their own interests at the expense of customers and regulators have been ineffective in policing their behaviour.

AML / KYC

HKMA Outlines Regtech Initiatives – Speech

28/09/2018

The HKMA is looking to build a more diversified regtech ecosystem in Hong Kong and urges for greater collaboration between the banking industry and technology community.

Market Infrastructure

ISDA Chief Urges Early Preparation for ‘Enormous Challenges’ of 2020

27/09/2018

The industry will need to start preparing quickly to meet the challenges facing the derivatives market, which will reach a critical point in 2020, says ISDA CEO Scott O’Malia.

Securities / Derivatives

FTSE Russell Index to Include China, MSCI Considers Increased Weighting

27/09/2018

FTSE Russell to include China A-shares in global and emerging market benchmarks in three tranches; MSCI consults on increasing China weighting over two years.

Securities / Derivatives

US SEC Cautions Against Governance Risks from Dual Class Shares – Report

26/09/2018

SEC commissioner Robert Jackson Jr reportedly urged Singapore and Hong Kong to maintain close oversight over companies with dual class share structures to mitigate against corporate governance risks.

Enforcement

ASIC Report Reveals ‘Unacceptable Delays’ by FIs in Handling Breaches

26/09/2018

Institutions take over 4 years to identify breaches, over 2 months to start an investigation into identified breaches, and 2.5 months to lodge breach reports with ASIC.