MARKET INFRASTRUCTURE

    Securities / Derivatives

    Sino-Japan ETF Connect Launched; Six Cross-Border ETFs Approved

    By Editors | 27/05/2019

    The announcement follows an ETF Connectivity Agreement signed by JPX and the SSE last month, where both agreed to establish an system for cross-listings of ETFs.

    Capital / Liquidity

    UPDATED – PBOC, CBIRC Take Control of Inner Mongolia Bank

    By Editors | 27/05/2019

    The PBOC and CBIRC have said they are taking control of Baoshang Bank, a small privately-owned bank whose owner disappeared two years ago.

    Capital / Liquidity

    BCBS 239 – What Lies Ahead?

    By Irene Liu | 27/05/2019

    There is clear fatigue in the industry around BCBS 239 compliance, but the exercise has also enabled other capabilities, say PwC’s Irene Liu, David Yakowitz and Catherine Lee.

    Market Infrastructure

    FSB Seeks Feedback on Effects of Too-Big-To-Fail Reforms

    By Editors | 27/05/2019

    The FSB is asking if too-big-to-fail reforms have reduced the systemic and moral hazard risks associated with SIBs, and if they affect the functioning of overall the financial system.

    Market Infrastructure

    Myanmar Allows Foreign Banks to Set Up Local Subsidiaries

    By Editors | 25/05/2019

    Foreign banks will be able to enter the retail banking space and operate as local banks by setting up subsidiaries, rather than just branches.

    Securities / Derivatives

    India INX Allows Direct Trading on LME, ICE, Eurex, Euronext

    By Editors | 24/05/2019

    The first trade on the LME from India INX took place on 21 May, in copper.

    Enforcement

    Japan FSA to Issue Improvement Order Against Nomura

    By Editors | 24/05/2019

    The FSA will reportedly order Nomura Securities to strengthen controls and systems to prevent recurrence of a recent information leak.

    Market Infrastructure

    MAS, ABS Form Culture and Conduct Steering Group

    By Garima Chitkara | 23/05/2019

    The steering group will identify best practices, monitor trends and emerging issues, and collaborate on initiatives to promote strong culture and conduct.

    AML / KYC

    Hong Kong, China Framework Comparison – KYC Standards

    By Prasanna Venkatesan | 23/05/2019

    Given the similarities between Hong Kong and China’s KYC frameworks, cross-border onboarding and account opening has become less of a challenge, say Synpulse’s Prasanna Venkatesan, Gregory Achache and Marina Mai.

    Market Infrastructure

    Japan T+2 Settlement to Start on 16 July

    By Editors | 23/05/2019

    T+2 settlement to go live in Japan following working group discussions and the successful completion of operational checks.

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