Market Infrastructure
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Thai Banks Join up to Improve Cybersecurity
Editors, Regulation Asia October 9, 2017Fifteen banks in Thailand have set up a group to tackle information technology stability and security and prepare for cyber-attacks.
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Top CSRC Official Calls on Derivatives Industry to Develop OTC Options
Samuel Riding, Regulation Asia October 4, 2017Vice chair Fang Xinghai says stock index futures market has been ‘substantially restored’ since outright ban in September 2015.
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Malaysia Revising Prudential Framework for Outsourcing by Financial Institutions
Editors, Regulation Asia October 4, 2017Banks will be urged to enhance due diligence and do more to protect data confidentiality as BNM cites risks from outsourcing to shared services.
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Philippines Set to Introduce Tighter Cybersecurity Requirements for Banks
Editors, Regulation Asia October 4, 2017Measures will include enhanced risk management and governance requirements as well as increased use of cloud technology.
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Vietnam to Increase Scrutiny of Electronic Trading for Security Loopholes
Editors, Regulation Asia October 4, 2017Brokerages will be required to report more data, ensure their systems are transparent, fair, secure and compliant with national laws.
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CPMI, IOSCO Call for Uniformity in UPI Creation, Reporting
Editors, Regulation Asia October 2, 2017Report proposes that each UPI maps to reference data which indirectly describes an OTCD product without identifying transaction details.
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Singapore Boosts Banks in Battle vs Fintech Firms
Samuel Riding, Regulation Asia October 2, 2017Banks allowed to provide broader range of services including online sale of consumer goods; MAS cites 'increasing competition from non-bank players'.
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India Insolvency Information Utility Granted 5-year License
Editors, Regulation Asia October 2, 2017Bank-owned NESL wins license to operate utility which shares information on financial contracts as part of efforts to clean up bad loans.
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Asia Pacific FIs Enter New Era of Accountability
Editors, Regulation Asia September 28, 2017Australian bankers rail against short deadline for comments on BEAR, which mirrors Hong Kong’s recently introduced MiC.
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Equivalence not Regulatory Harmonisation the Answer for Asian FX
Editors, Regulation Asia September 28, 2017GFMA, KPMG report suggests the number of liquidity providers will decline; market participants can’t expect harmonised regulatory environment.
