Market Infrastructure

Market Infrastructure

FSB Designates UK Agency as Sole UPI Service Provider

By Editors | 03/05/2019

The Derivatives Service Bureau will be the sole issuer of UPI codes and operate the UPI reference data library, facilitating the use of OTC trade reporting data in assessing systemic risk.

Fintech / Regtech

Singapore, Canada Conclude First Trial on CDBC Cross-Border Payments

By Editors | 02/05/2019

MAS and the Bank of Canada linked up experimental payment networks despite their being built on two different DLT platforms.

Market Infrastructure

New Opening Up Measures Coming ‘Soon’ – CBIRC Chairman

By Editors | 02/05/2019

CBIRC chairman Guo Shuqing says 12 new measures will soon be introduced to further open up China’s financial sector to banks and insurers.

Securities / Derivatives

MAS Consults on Proposed Framework for Variable Capital Companies

By Editors | 02/05/2019

The proposals include an AML/CFT framework for VCCs requiring them to engage an eligible financial institution to perform the necessary checks.

Market Infrastructure

FSS to Relaunch Inspections of Financial Firms This Month

By Editors | 02/05/2019

The FSS will look into corporate governance, internal controls and consumer protection practices at KB Financial Group, KB Kookmin Bank and KB Securities, among others.

Market Infrastructure

HK-China Stock Connect to Include Dual Class Shares from July

By Editors | 02/05/2019

HKEX and the CSRC have agreed to allow listed companies with dual class shares to be included in the southbound Stock Connect trading starting in July.

Market Infrastructure

APRA Revises Prudential Standard to Enhance Superannuation Outcomes

By Editors | 02/05/2019

The revisions will require superannuation licensees to review their performance, analyse member outcomes, and take action to address areas that require improvement.

Market Infrastructure

Hong Kong, China Framework Comparison – Investment Suitability

By Prasanna Venkatesan | 01/05/2019

Synpulse’s Prasanna Venkatesan, Gregory Achache and Marina Mai compare the investment suitability frameworks of Hong Kong and mainland China, and their pain points.

Market Infrastructure

Philippines Allows Foreigners to Serve as Bank Directors, Officers

By Editors | 01/05/2019

The Philippine central bank has amended rules that previously prohibited the election and appointment of foreign nationals as directors and officers of financial institutions in the country.