Securities / Derivatives

SEBI Revises Mutual Fund Side Pocketing Standards

08/09/2020

Previously, only debt securities downgraded below investment grade can be side pocketed. Side pocketing will be allowed for even higher-rated debts that are restructured due to Covid-19.

Fintech / Regtech

Tokyo Bourse, IHS Markit to Combine Securities Finance Data

08/09/2020

The combined dataset will provide five years of historical short selling and stock loan data covering Japanese equities for use in portfolio analysis and construction.

Securities / Derivatives

TOCOM Seeks Market Makers for Electricity Futures Contracts

07/09/2020

The market maker programme will ensure smooth execution of transactions and improve liquidity in the electricity futures market.

Market Infrastructure

CBIRC Approves First Foreign Owned Money Broker in China

07/09/2020

Japan’s Ueda Yagi Tanshi’s application to establish a wholly-owned money broker in China has been approved.

Market Infrastructure

SFA, AMTD Partner to Establish Cybersecurity Centre in Singapore

07/09/2020

The Centre will groom talent and raise awareness of the importance of cybersecurity among digital platforms, fintechs, financial institutions and other sectors.

Market Infrastructure

BSP, OJK Sign MoU on Financial System Development

07/09/2020

As part of the MoU, the BSP and OJK have reportedly lined up talks in the areas of supervisory frameworks, consumer protection, financial inclusion, fintech and capacity building.

AML / KYC

BSP Confirms Ongoing Probe into State-run Bank Over Cyber Theft

05/09/2020

Over $3mn was stolen from United Coconut Planters Bank through fraudulent ATM withdrawals and online transfers over a three-day holiday in June.

Fintech / Regtech

Australian Banks Expand Use of Blockchain For Bank Guarantees

05/09/2020

ANZ, CBA, Westpac, IBM and Scentre Group are opening up to early adopters a blockchain platform that in trials has reduced the issuance time for bank guarantees to just one day.

Uncategorised

Australia Passes Law to Allow Employees to Choose Super Fund

04/09/2020

The bill will allow Australians to choose their own superannuation fund instead of being forced to invest in mandatory superannuation funds offered by their employers.