Trading & Investment

Cboe Global Markets to Acquire Chi-X Asia Pacific

28/03/2021

The acquisition will provide Cboe with a single point of entry into Australia and Japan and bring block trading capabilities to the APAC region.

Data Privacy

China to Ban Collection of ‘Irrelevant’ Personal Data By Mobile Apps

25/03/2021

Under new guidelines, mobile apps cannot deny users access to their services if users refuse to share unnecessary personal information.

Supervision & Enforcement

Compliance Costs Impacted by Technology, Covid: Report

25/03/2021

Firms across APAC that allocate a higher percentage of compliance spend to technology have comparatively lower overall compliance cost.

Data Privacy

Line Pay to Bring Data Stored Overseas Back to Japan

25/03/2021

Line must submit detailed reports to Japanese authorities explaining how it protects personal data, after employees at a China affiliate were found to have access to user information.

Sustainable Finance

ISLA Pledges to Support ESG Objectives in Securities Lending

24/03/2021

ISLA says it will lead workstreams on five key action points to help share the securities lending market’s response to ESG challenges.

Stablecoins

BOT Outlines Plans to Develop Policy on Stablecoins

24/03/2021

Parties seeking to issue a THB-backed stablecoin are required to consult with the BOT before beginning any operations. A consultation will be issued by mid-year.

Payments & Settlements

SEBI Issues Guidelines for MIIs on Handling Disruptions

24/03/2021

The new guidelines follow last month’s trading halt at the NSE. The exchange has submitted a root cause analysis to SEBI.

Capital Adequacy

Former Fed Employee Pleads Guilty to Stealing Bank Stress Test Data

23/03/2021

The former employee faces jail time for removing restricted documents from his workstation, including proprietary information used by the Fed to conduct bank stress tests.

PEPs & Sanctions

Beijing Financial Court Created to Counter US Long Arm Jurisdiction

23/03/2021

The extraterritorial application of China’s financial laws will play a bigger role in opening up the domestic market, the Supreme People’s Court said.