Market Infrastructure

Market Infrastructure

APRA to Toughen Approach to Regulating Cyber Hygiene at Banks

By Editors | 11/11/2019

APRA has observed areas of common weakness, such as poor cyber hygiene, the lack of a comprehensive security patching regime and poor access management practices.

Market Infrastructure

Malaysia Mandates Fair Treatment of Financial Consumers

By Editors | 10/11/2019

A new BNM policy document sets out expectations for financial firms to prioritise the interests of financial consumers and effectively manage conduct risks.

Market Infrastructure

Myanmar to Open Applications for Foreign Bank Licensing

By Editors | 09/11/2019

Branch licences will allow wholesale banking activities, while subsidiary licences will permit retail banking services in addition to wholesale banking.

Fintech / Regtech

RBI Invites First Sandbox Applicants to Test Retail Payments Products

By Editors | 09/11/2019

Initially, mobile payment services, offline payment solutions, and contactless payments will be considered for inclusion in the regulatory sandbox.

Market Infrastructure

APRA Launches Superannuation Data Transformation Project

By Editors | 08/11/2019

The initiative aims to drive better industry practices, enhance the consistency of reported data, and make it easier to compare fund and product performance.

Market Infrastructure

Thailand Eases Capital Controls to Stem Currency’s Rise

By Editors | 08/11/2019

Investors are allowed to invest up to $200,000 in foreign securities without going through a Thai intermediary, and restrictions on outward fund transfers have been eased.

Enforcement

Former PBOC Official Under Probe for ‘Legal Violations’

By Editors | 08/11/2019

Reports indicate the investigation might be related to third-party payment licences issued by the central bank between 2011 and 2015.

Market Infrastructure

China Extends Use of Bond Collateral to All Domestic Futures

By Editors | 08/11/2019

The CCDC has signed a memorandum of cooperation with the SHFE, ZCE, DCE, CFFEX, and Shanghai’s INE, building on previous efforts to enable the use of bonds as collateral for futures trading.

Market Infrastructure

China, Hong Kong to Establish Wealth Management Connect Scheme

By Editors | 07/11/2019

The scheme will enable residents of Hong Kong and other GBA cities to invest in wealth management products in each other’s market through their respective banking systems.