MARKET INFRASTRUCTURE

Fintech / Regtech

SGX, Trumid, Hillhouse to Launch Asian Bond Trading Platform

By Editors | 08/02/2021

The partnership will connect SGX’s and Trumid’s bond trading platforms to enhance liquidity and execution in the Asian bond market for global clients.

Market Infrastructure

Singapore: Enhanced Personal Data Protection Act Takes Effect

By Manesh Samtani | 08/02/2021

The enhanced PDPA introduces mandatory data breach notification, criminal penalties for mishandling data, and a higher cap on penalties for breaches by large organisations.

Market Infrastructure

Australia Passes Mandatory Comprehensive Credit Reporting Bill

By Editors | 07/02/2021

Banks will have to report expanded information about the credit history of their customers to credit agencies, paving the way for more competition in the lending market.

Market Infrastructure

CSRC Approves Merger of Shenzhen’s Main and SME Boards

By Editors | 07/02/2021

The move will simplify the structure of the Shenzhen bourse and help it to better meet the financing needs of enterprises at different stages of development.

Capital / Liquidity

SEBI to Require AMCs to Help Capitalise New Clearing Corporation

By Editors | 07/02/2021

Individual contributions by asset managers towards the new LPCC will be calculated based on their AUM in open ended debt-oriented mutual fund schemes.

Enforcement

ASIC to Consider Enforcement Action for Climate Risk Disclosure Failures

By Ranamita Chakraborty | 07/02/2021

ASIC says the law requires climate risk to be included in OFR disclosures, particularly when it is a material risk that could affect financial performance.

Market Infrastructure

CBIRC Asks Insurance Groups to Improve Governance Mechanisms

By Editors | 07/02/2021

The CBIRC released the results of its first evaluation of corporate governance of insurance groups. None of the 10 participating groups top marks.

Market Infrastructure

CBIRC Evaluates Corporate Governance at Non-bank Institutions

By Editors | 07/02/2021

Some financial leasing, enterprise group finance, auto finance, and consumer finance companies have been unwilling or unable to enhance governance and internal controls.

AML / KYC

Korea: FSC Financial Sector Focus to Include Risk, Competition, Innovation

By Sanday Chongo Kabange | 07/02/2021

The FSC’s 2021 policy agenda for the financial sector will include measures to bolster risk management while also strengthening competitiveness and facilitating digital innovation.