Countries

Cooperation arrangement focuses on information sharing and facilitating referrals of fintech firms between Singapore and the US.

Brokers issuing ETNs must have a net worth exceeding $325mn and a capital adequacy ratio of at least 250%.

The solution ensures data integrity and quality before delivery to CME Group or DTCC Asia licensed trade repositories.

Investors will be allowed to buy a maximum of 1% of a company's total shares starting 17 September, a rule aimed at preventing error trades.

Regulators at the ISDA conference in Singapore expressed concern about Brexit uncertainty, but were cautiously optimistic that Asia would suffer only minimal impacts in transactions with the EU and UK.

Legislative efforts in the EU to bring non-EU clearinghouses under EMIR has elicited sharp responses from the CFTC chairman, who said that only US regulation can apply to US derivatives markets.

The branches sold unregistered investment products to other banks to channel funds into companies beyond what regulatory lending caps allowed.

FIA, IFF and GFMA said in a consultative response that the current capital regime overstates the risks of client clearing and raises the costs of providing client clearing services.

Consumer data rights framework to be initially applied under the open banking regime, with the big four banks set to make data available by 1 July 2019.

PBOC, CSRC and NAFMII will collaborate on unified regulations and processes for ratings in the interbank and exchange-traded bond markets.