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Securities / Derivatives
HK Brokers Face Cost Squeeze from Cybersecurity Guidelines
By JP Reimann | 30/10/2017
Brokers will be required to use 2FA for client log-ins; implement raft of new measures including management responsibility, stress tests.
Capital / Liquidity
Singapore Proposes Liquidity Risk Management Rules for Fund Managers
By Samuel Riding | 30/10/2017
MMFs will face more enforceable requirements than other portfolios, including rules on average maturity, 1-day/5-day redemption.
Market Infrastructure
Indonesia, Vietnam Join Virtual Currency Clampdown
By Editors | 30/10/2017
Indonesian central bank says ‘financial innovation’ requires pre-approval; State Bank of Vietnam to pass law outlawing virtual currencies next year.
Market Infrastructure
Hong Kong Extends After-hours Index Futures Trading
By Editors | 23/10/2017
From 6 November, trading in mini and full versions of HSI and HSCEI index futures will be extended to 1am Hong Kong time.
AML / KYC
India to Allow Currency Hedging by Non-resident Companies
By Samuel Riding | 19/10/2017
RBI (the Reserve Bank of India) will allow central treasuries used by non-resident companies to hedge their rupee currency risk from trade transactions.
Enforcement
India Releases Draft Rules for Electronic Trading Platforms
By Editors | 16/10/2017
Move comes as National Stock Exchange bids to end case of alleged unfair access via its co-location facility by offering to pay fine.
Market Infrastructure
US, Europe Agree Margin Requirement, Trading Venue ‘Comparability’
By Editors | 16/10/2017
Swap dealers or major market participants subject to EC margin rules can assume ‘substituted compliance’ when dealing in US.
Securities / Derivatives
SGX to Revamp Securities Trading, Market Practice Rules
By Editors | 11/10/2017
Proposed market practice rules would end requirement that senior managers pre-approve staff to trade so long as customer information is protected.
AML / KYC
Hong Kong-China to Share Stock Connect Broker, Trader Names
By Editors | 11/10/2017
SFC chief says move will enhance market transparency and surveillance, and improve efficiency in cracking down on malpractice.
Fintech / Regtech
Singapore Enters 2nd Phase of Blockchain-based Payments Trial
By Editors | 09/10/2017
Trial has already been completed on interbank transfers; blockchain programme will be extended to include securities sector as well as payments.
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