MARKET INFRASTRUCTURE

Market Infrastructure

Transitioning to T+1 Settlement: Lessons for Asian Firms

By Nithya Subramanian | 22/08/2024

Asia Pacific jurisdictions are increasingly considering moving to a T+1 securities settlement cycle following the US move in May, says DTCC’s Val Wotton.

Market Infrastructure

ASIC Finds Lack of Maturity in Banks’ Scam Strategies

By Sanday Chongo Kabange | 21/08/2024

ASIC conducted a review of scam strategies and governance at 15 non-big-four banks, finding a “less mature approach” than expected.

Fintech / Regtech

SEBI Issues New Cybersecurity Framework for Regulated Entities

By Ajoy K Das | 21/08/2024

A cyber capability index (CCI) will be introduced as a benchmark for evaluating cybersecurity effectiveness and guiding necessary improvements.

Capital / Liquidity

RBNZ Consults Additional Standards for New DTA Regime

By Sanday Chongo Kabange | 21/08/2024

RBNZ is consulting on standards covering areas such as governance, lending, risk management and operational resilience.

ESG / Sustainability

Singapore Financial Industry Bodies Sign MOU on Skills Development

By Editors | 21/08/2024

Seven associations including IMAS and ABS signed an MOU with IBF and NTUC to promote the adoption of Financial Sector Job Transformation Maps.

Market Infrastructure

Stock Connect’s 2nd Phase of Market Data Changes Now in Effect

By Sanday Chongo Kabange | 20/08/2024

The changes may lower volatility and help stabilise the A-share market, but may also lower the market’s appeal to some foreign investors.

AML / KYC

China, US Exchange Letters of Cooperation on Financial Stability

By Editors | 20/08/2024

PBOC and US Treasury officials agreed to strengthen information sharing and coordinate in times of financial stress and operational resilience issues.

Market Infrastructure

BNM Expands Qualified Resident Investor Programme

By Ranamita Chakraborty | 20/08/2024

The QRI programme was initially launched as a pilot initiative in April to encourage FX inflows into the domestic market.

Market Infrastructure

ASIC Extends Reference Checking Protocol to Mortgage Aggregators

By Sanday Chongo Kabange | 19/08/2024

The updated protocol enables financial advisers and mortgage brokers to request references about prospective representatives from mortgage broking intermediaries.