Market Infrastructure

Market Infrastructure

India Introduces Cybersecurity Rules for Mutual Funds, Asset Managers

By Editors | 11/01/2019

Mutual funds and asset management companies must develop a cybersecurity policy document approved and regularly reviewed by their boards and trustees.

Market Infrastructure

Citi to Divest Stake in Mainland Securities Joint Venture

By Editors | 10/01/2019

Citi is looking to form its own majority-owned securities joint venture in China following new rules allowing foreign firms to acquire controlling stakes in such partnerships.

Market Infrastructure

BIS Issues Report on Central Bank Digital Currencies

By Editors | 10/01/2019

Only one of 63 central bank respondents has said it is very likely to issue a central bank digital currency in the next six years.

Market Infrastructure

China Mulls New Rules to Prevent Conflict of Interest at Ratings Agencies

By Editors | 09/01/2019

The new rules would prohibit firms from providing consulting services to companies they rate and require disclosures of any conflicts of interests.

Market Infrastructure

Hong Kong Lawmakers Push for Consumer Data Protections – Report

By Editors | 08/01/2019

Lawmakers are pushing for greater oversight of credit reference agencies following the discovery of security loopholes in TransUnion’s online service for credit reports.

Market Infrastructure

Taiwan to Introduce Automatic Approval for Foreign Investments

By Editors | 08/01/2019

Pre-approval will mean that  most ordinary mergers and acquisitions, and start-ups originating from abroad will need to be reported only after the fact.

Market Infrastructure

UPDATED – Losses from Bank Fraud Up 72 Percent – RBI

By Editors | 07/01/2019

According to RBI data, the higher losses are in large part due to increasing cybercrime as well as the Punjab National Bank scandal in February 2018.

Market Infrastructure

Technical Preparation for Shanghai-London Connect Completed

By Editors | 07/01/2019

The currency conversion system that delayed the launch of the Shanghai-London Stock Connect last month has now been completed.

AML / KYC

New Rules for Payments, E-Commerce Take Effect in China

By Editors | 04/01/2019

Non-bank payment institutions will be required to report to the central bank any consumer transactions exceeding 50,000 yuan and cross-border transfers over 200,000 yuan.