Sources say Xuan Changneng’s role is to assist securities regulator’s chairman.
Five firms issued with licences under Ordinance introduced in November 2015.
Managing director says exchange aims to introduce derivatives, improve technology and sell overseas.
Regulator’s managing director says Singapore lacks the capital and talent of other fintech centres.
US bank’s Hong Kong securities operation says to review internal controls to ensure compliance.
Norms for client code modifications also liberalised.
Regulator says it could approve the proposal as early as this November.
Central bank has closed 15 lenders so far this year; aiming to strengthen local banks as presence of foreign institutions expands.
EU, Australia, Japan and HK deferments could be followed by US and Japan; call variation margining plans into question.
Letter to regulated entities says CPS 226 implementation deferred due to international delays.