Market Infrastructure

    AML / KYC

    Stock Connect to Launch Southbound Investor ID Regime “Soon”

    By Editors | 12/10/2019

    The launch of the investor identification regime for southbound trading will mark the first time mainland investors will have their personal information shared with Hong Kong’s regulator.

    Market Infrastructure

    Sri Lanka Finalises Personal Data Protection Bill

    By Editors | 12/10/2019

    The Bill was modelled after international practices including GDPR. Once ratified, it will be implemented in stages over three years.

    Securities / Derivatives

    CSRC Sets Key Dates for Cancelling Foreign Ownership Limits

    By Editors | 11/10/2019

    The foreign ownership limit will be cancelled next year for futures companies, fund managers and securities firms from 1 January, 1 April and 1 December, respectively.

    Market Infrastructure

    CBIRC Orders Self-Inspections to Correct Consumer Harm

    By Editors | 11/10/2019

    Banks and insurance companies are required to carry out self-inspections to detect and correct practices that infringe on the rights of consumers by 30 November.

    Fintech / Regtech

    Navigating Regulation for Singapore’s Banking 4.0

    By Wissam Khoury | 11/10/2019

    Singapore banking sector players are tasked with finding a balance between open innovation and regulatory compliance, says Finastra’s Wissam Khoury.

    Market Infrastructure

    Thailand Banking Sector Resilient to Severe Shocks: IMF

    By Editors | 10/10/2019

    Stress tests results and sensitivity analysis indicate that Thailand’s largest banks can withstand a shock broadly “as severe as the Asian financial crisis”.

    Securities / Derivatives

    Governance of OTC Derivatives Data Elements Finalised

    By Editors | 10/10/2019

    The FSB has now published the final governance arrangements for both the UTI and UPI, while CPMI-IOSCO has published the same for the other critical data elements.

    Capital / Liquidity

    Volcker Rule Rewrite Gets Final Approval After Fed Sign-off

    By Editors | 10/10/2019

    The revisions continue to prohibit proprietary trading, while providing greater clarity and certainty for activities allowed under the law.

    Fintech / Regtech

    Innovation Hubs Are More Effective Than Sandboxes

    By Manesh Samtani | 10/10/2019

    Innovation hubs provide all the benefits associated with regulatory sandboxes, while avoiding most of the downsides, says a new paper from UNSW Law.

    Fintech / Regtech

    From Data Governance to Data Culture: BCBS 239 and Beyond

    By Garima Chitkara | 10/10/2019

    Asian firms need to look beyond regulatory compliance with respect to data to ensure the most effective use of their data resources.

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