Market Infrastructure

Enforcement

Malaysia Revising Prudential Framework for Outsourcing by Financial Institutions

By Editors | 04/10/2017

Banks will be urged to enhance due diligence and do more to protect data confidentiality as BNM cites risks from outsourcing to shared services.

Fintech / Regtech

Philippines Set to Introduce Tighter Cybersecurity Requirements for Banks

By Editors | 04/10/2017

Measures will include enhanced risk management and governance requirements as well as increased use of cloud technology.

Market Infrastructure

Vietnam to Increase Scrutiny of Electronic Trading for Security Loopholes

By Editors | 04/10/2017

Brokerages will be required to report more data, ensure their systems are transparent, fair, secure and compliant with national laws.

Fintech / Regtech

CPMI, IOSCO Call for Uniformity in UPI Creation, Reporting

By Editors | 02/10/2017

Report proposes that each UPI maps to reference data which indirectly describes an OTCD product without identifying transaction details.

Market Infrastructure

Singapore Boosts Banks in Battle vs Fintech Firms

By Samuel Riding | 02/10/2017

Banks allowed to provide broader range of services including online sale of consumer goods; MAS cites ‘increasing competition from non-bank players’.

Capital / Liquidity

India Insolvency Information Utility Granted 5-year License

By Editors | 02/10/2017

Bank-owned NESL wins license to operate utility which shares information on financial contracts as part of efforts to clean up bad loans.

Enforcement

Asia Pacific FIs Enter New Era of Accountability

By Editors | 28/09/2017

Australian bankers rail against short deadline for comments on BEAR, which mirrors Hong Kong’s recently introduced MiC.

Market Infrastructure

Equivalence not Regulatory Harmonisation the Answer for Asian FX

By Editors | 28/09/2017

GFMA, KPMG report suggests the number of liquidity providers will decline; market participants can’t expect harmonised regulatory environment.

Market Infrastructure

Hong Kong Considering Tax Breaks for PE Managers

By Editors | 28/09/2017

Government and trade bodies view PE as means of increasing support for Hong Kong Start-ups, keeping pace with Singapore and the UK.