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Market Infrastructure
China National Credit System to Include Foreign Data
By Editors | 29/04/2019
Foreign workers in China will be required to submit their personal credit information, including from activities in other countries, to the national credit system in order to obtain loans.
Market Infrastructure
RBI Extends LEI Deadlines for Non-Derivative Market Participants
By Editors | 29/04/2019
Participants in government securities, money markets and non-derivative forex markets will have until the end of this year to obtain LEIs.
Securities / Derivatives
Hong Kong Proposes Enhancements to OTC Derivatives Regime
By Manesh Samtani | 29/04/2019
In a joint consultation, the HKMA and SFC propose to mandate the use of UTIs in OTC derivatives trade reporting, and to discontinue masking relief for all jurisdictions but China.
Market Infrastructure
Bursa Malaysia Goes Live with T+2 Settlement
By Editors | 29/04/2019
Starting today (29 April), securities trade on Bursa Malaysia will be executed on T+2 settlement, a move first proposed in March 2018.
Market Infrastructure
Culture & Conduct: the Global Regulatory Agenda
By Jeffrey Kupfer | 29/04/2019
The UK FCA has been a definitive leader in driving the global supervisory agenda in relation to culture and conduct risk, say Jeff Kupfer and Stephen Scott at Starling Trust Sciences.
Big Picture
Closer Cooperation Key to Greater Bay Area Success – FTAHK
By Manesh Samtani | 28/04/2019
There are significant opportunities for cross-border collaboration and integration across the Greater Bay Area, the FinTech Association of Hong Kong says in a new report.
Market Infrastructure
MAS Issues Update to E-Payments User Protection Guidelines
By Editors | 26/04/2019
The update addresses situations where customers choose to receive fewer transaction notifications, which could affect their ability to monitor for unauthorised transactions.
Securities / Derivatives
MAS Seeks to Strengthen Singapore as a Global Hub for FX Trading
By Editors | 26/04/2019
MAS has reportedly been encouraging major FX players to build their systems, trading engines and data centres locally to reduce latencies from routing trades through other FX hubs.
Market Infrastructure
BSP Issues Draft Rules for Implementing National Payment Systems Act
By Editors | 26/04/2019
The Philippine central bank has issued a draft circular to support its new mandate as the primary regulator for the country’s payment systems.
Market Infrastructure
Japan OTC Derivatives Regime Deemed Equivalent Under EMIR
By Editors | 26/04/2019
The European Commission recognises Japan’s rules on valuation, dispute resolution and margin exchange for uncleared OTC derivative contracts as equivalent to EMIR.
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