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Market Infrastructure
Philippine SEC Drafts Framework for Cross-border Publication of Research
By Editors | 08/07/2019
Under the draft framework, capital market professionals authorised by the SEC can issue research reports in ASEAN countries that are MoU signatories: Malaysia, Singapore and Thailand.
Market Infrastructure
ASIC Updates Assessment Procedures for AFS Licence Applicants
By Editors | 08/07/2019
Licence applicants are now required to provide certain additional information and documents in their application to allow ASIC to ensure responsible officers are of good fame or character.
Big Picture
Open Banking, APIs Will Unlock a Host of Opportunities: NPP Australia
By Editors | 08/07/2019
A new white paper from NPP Australia provides an overview of developments in other real-time payments markets, including opportunities and challenges for the payments sector.
Market Infrastructure
China to Trial Discretionary Control for Investment Advisers
By Editors | 06/07/2019
Participating companies will be allowed to take full discretionary control of their clients’ investments, and charge fees based on AUM and performance.
Market Infrastructure
JPMorgan, Morgan Stanley to Take Control of China JVs
By Editors | 06/07/2019
JPMorgan is likely to become the first foreign firm to gain a controlling stake in an asset management joint venture in China, while Morgan Stanley may soon control its China securities unit.
Fintech / Regtech
Australia: Consumer Data Right Legislation Could Delay Open Banking
By Editors | 05/07/2019
The Consumer Data Right Bill is needed for banks to be able to transfer their customers’ personal data to another institution, a cornerstone of the open banking initiative.
Market Infrastructure
CBIRC Green-Lights Three City Commercial Banks’ WMP Units
By Editors | 05/07/2019
Bank of Hangzhou, Bank of Ningbo and Huishang Bank will form the first batch of city commercial banks to join larger rivals in setting up wealth management subsidiaries.
Market Infrastructure
RBI to Review Framework for Core Investment Firms
By Editors | 04/07/2019
Concerned that oversight of increasingly complex core investment firms is now inadequate, the RBI has set up a working group to review its framework.
Market Infrastructure
ASIC Proposes Licensing Relief for Foreign Funds Managers
By Editors | 04/07/2019
ASIC proposes to exempt foreign fund management providers from the requirement to hold an AFS licence to provide services to professional investors in Australia.
Market Infrastructure
G-SIBs Making Steady, Significant Progress on TLAC: FSB
By Editors | 04/07/2019
The FSB says further efforts are needed to ensure that TLAC will be available in the right amounts at all locations within a group during a crisis.
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