MARKET INFRASTRUCTURE

Market Infrastructure

India Directs Payment Firms to Store User Data Onshore

By Garima Chitkara | 09/04/2018

Payment service providers have been asked to move all consumer data, including end-to-end transaction details to India within six months to ensure easier access by the central bank for supervisory purposes. Foreign firms to be impacted more than domestic firms.

Market Infrastructure

ASEAN ‘Close’ to Financial Services Free Trade Agreement

By Samuel Riding | 09/04/2018

Statement says deal on trade in services close to agreement, ASEAN members to also update wider agreement on cross-border services this year.

Market Infrastructure

MiFID II Could Kill Quality Investment Research

By Peter Guy | 09/04/2018

If almost all communications between sales-traders and clients is classified as “research”, severe distortions will hit the economics of quality investment insights.

Market Infrastructure

Bursa Malaysia Enhances Collective Investment Rules

By Editors | 07/04/2018

Unit holder protections, corporate governance, disclosure quality to be enhanced; applicable to REITs, ETFs, closed-end funds.

Securities / Derivatives

IOSCO Issues Corporate Bond Transparency Recommendations

By Editors | 07/04/2018

Better access to information will aid regulator functions, enhance cross-border information sharing, enable better informed investment decisions, boost market liquidity.

Market Infrastructure

FSS Confirms Former Chief’s Role in Hana Bank Hiring Scandal

By Editors | 06/04/2018

Hana Financial Group chairman and KEB Hana Bank president also tied to illegal hiring of 32 employees in 2013.

Enforcement

New Chief of S.Korea’s FSS Targets Bank Profiteering from Predatory Lending

By Manesh Samtani | 05/04/2018

New FSS chief to protect investors and root out irregularities by targeting predatory lending, bank profit structures, family-run conglomerates.

Market Infrastructure

Executive Remuneration Practices Need Improvement – APRA

By Editors | 05/04/2018

APRA review of executive remuneration frameworks at twelve financial institutions found remuneration structures do not encourage behaviour focused on risk management or long-term financial soundness.

Fintech / Regtech

GFMA Publishes Common Approach for Cyber Penetration Testing

By Manesh Samtani | 05/04/2018

New penetration testing framework establishes process for industry-wide cross-jurisdictional coordination on development and use of existing frameworks.