Market Infrastructure

Fintech / Regtech

Singapore Marks Launch of First Private Exchange with First Listing

By Editors | 13/07/2019

Backed by SGX and licensed by MAS, 1exchange takes private companies’ shares and puts them into an SPV to back digital tokens that can then be listed and traded by investors.

Market Infrastructure

RBI Proposes to Extend Trading Hours for Forex, Money Market

By Editors | 11/07/2019

An RBI working group has proposed extending onshore FX trading from 5pm to 9pm, in a bid to recapture liquidity lost to offshore markets in recent years.

Fintech / Regtech

China to Respond to Libra with Government Backed CBDC

By Editors | 11/07/2019

The PBOC is organising market-oriented institutions to jointly research and develop a central bank digital currency, in a programme that has already been approved by the State Council.

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.