MARKET INFRASTRUCTURE

Market Infrastructure

MAS to Intensify Supervisory Engagement to Drive SORA Transition

By Manesh Samtani | 09/09/2020

In an ABS virtual roundtable, MAS deputy managing director Jacqueline Loh spoke of a three-pillar approach to support a smooth transition from SOR to SORA.

Fintech / Regtech

Mastercard Launches Virtual Testing Environment for CBDCs

By Editors | 09/09/2020

The platform enables the simulation of issuance, distribution and exchange of CBDCs between banks, financial service providers and consumers.

Market Infrastructure

China Announces Global Initiative to Safeguard Data Security

By Editors | 08/09/2020

The initiative opposes the creation of backdoors in technology products, large-scale surveillance of other countries, and the illegal acquisition of foreign citizens’ personal data.

Securities / Derivatives

Industry Standards Needed for Measuring Execution Quality: FMSB

By Editors | 08/09/2020

Best practice principles will facilitate regulatory compliance and drive efficiencies in the measurement of execution quality, the FMSB says in a new spotlight review.

Market Infrastructure

CBIRC Approves First Foreign Owned Money Broker in China

By Sanday Chongo Kabange | 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

By Sanday Chongo Kabange | 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

By Sanday Chongo Kabange | 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.

Capital / Liquidity

State Council Approves Rules for Financial Holding Companies

By Manesh Samtani | 07/09/2020

Based on last year’s consultation, non-financial enterprises that control financial sector businesses will need a licence to operate financial holding companies.

Market Infrastructure

China to Expand Stock Connect, Deepen Reforms – Reports

By Editors | 07/09/2020

The scope of investment products foreign investors can trade via Stock Connect will be expanded, among other reforms, said the CSRC’s Fang Xinghai.