SECURITIES / DERIVATIVES

Fintech / Regtech

Korea FSS Issues Guidance on Mitigating Technology Risks

By Editors | 09/11/2023

The guidelines are intended to improve the level of IT internal control in the financial industry and improve the resilience of individual firms.

Securities / Derivatives

China Regulators Have Upbeat Message for Market Participants

By Editors | 09/11/2023

China will continue opening up its markets and supporting vulnerable parts of the economy. Two new foreign-funded insurance brokerage companies were approved this week.

Market Infrastructure

DTCC Opens Access to OTC Derivatives Market Data

By Editors | 09/11/2023

“OTC Direct Connect” allows market participants to access OTC derivatives transaction data that are reportable in the US and Canada.

Capital / Liquidity

Bangladesh Issues New Draft Rules for Stock Dealers and Brokers

By Ajoy K Das | 09/11/2023

The rules will require stock dealers and brokers to separate management from ownership, and meet higher paid-up capital requirements.

Crypto / Digital Assets

HSBC to Launch Custody Service for Tokenised Securities

By Editors | 09/11/2023

The new digital assets custody service will launch in 2024, using custody infrastructure provided by Ripple-owned Metaco.

Capital / Liquidity

Finance Leaders Highlight Risks, Opportunities at Key Hong Kong Summit

By Manesh Samtani | 08/11/2023

Chinese vice premier He Lifeng pledged continued support for Hong Kong. CSRC vice chairman Wang Jianjun discussed efforts to further expand Stock Connect.

Crypto / Digital Assets

SFC Awards Licences to HK Unit of Swiss Crypto Bank, SEBA

By Manesh Samtani | 08/11/2023

The licences allow SEBA Hong Kong to deal in, advise on, and conduct asset management for traditional securities and virtual assets.

Market Infrastructure

SEBI Working on Allowing Instant Settlement in Equities Trading

By Ajoy K Das | 07/11/2023

SEBI is exploring instant settlement in a “non-disruptive manner” and will only introduce it after all concerns are addressed, an official said.

Capital / Liquidity

CSRC Proposes to Relax Capital Rules for Securities Firms

By Editors | 07/11/2023

The proposal adjusts the way securities firms calculate risk weightings, effectively reducing their capital requirements and allowing them to deploy more funds into the capital market.