Market Infrastructure

Market Infrastructure

S. Korea Passes Bill Enabling Asia Regional Funds Passport

By Garima Chitkara | 13/06/2018

Korean cabinet approves amendments to its capital markets law to allow funds passporting between the five signatory countries; FSC to begin making preparations for scheme launch in 2019.

Market Infrastructure

SEBI Mulls Allowing Indian Firms to List Shares Overseas

By Garima Chitkara | 13/06/2018

Securities regulator considering allowing Indian firms to directly list equity abroad and foreign firms to list in India.

Market Infrastructure

Australia Completes Financial Benchmark Reform

By Garima Chitkara | 13/06/2018

Reform process completed with the passage of a licensing regime for financial benchmarks as well as new calculation methodology for key interbank rate.

Market Infrastructure

Hong Kong, Japan to Cooperate on Commodity Market Development

By Manesh Samtani | 12/06/2018

HKEX and Tokyo Commodity Exchange MoU to promote cooperation through information exchanges, staff exchanges, product development and joint promotion.

Market Infrastructure

Data Driven Regulatory Regimes Challenge Bank Workflows – Report

By Manesh Samtani | 12/06/2018

Wolters Kluwer research says legacy systems no longer fit for purpose; most firms plan to integrate data in regulatory workflows despite low confidence in data quality.

Market Infrastructure

China Consults on Financial Sector Foreign Investment Caps Removal

By Garima Chitkara | 11/06/2018

CBIRC says it will on remove caps on foreign investment in domestic banks and asset management companies and do away with special rules for foreign investors in China.

Enforcement

CBIRC, SFC to Cooperate on Cross Border Supervision

By JP Reimann | 11/06/2018

New MoU to facilitate information exchange in the interest of investor protection, promoting competence and integrity of regulated entities, market and financial integrity, and maintaining financial stability.

Market Infrastructure

PBOC Develops Blockchain System to Digitise Paper Checks

By JP Reimann | 07/06/2018

Central bank to reduce fraud by tokenising checks with blockchain and having operations conducted by smart contracts; new system will remove manual cross-checking process, shorten transaction times to about 3 seconds.

Securities / Derivatives

Singapore to Introduce New Corporate Structure For Funds

By Garima Chitkara | 07/06/2018

S-VACC, Singapore’s new investment firm structure, will come into effect by next year and will help boost synergies between firm management and domiciliation, according to MAS managing director.