MARKET INFRASTRUCTURE

Securities / Derivatives

London Exchange Releases Shanghai Trading Link Blueprint

By Manesh Samtani | 21/05/2018

London-Shanghai Stock Connect to start later this year; SSE companies worth over CNY20bn will be allowed to list up to 15% of total share capital in the UK.

Securities / Derivatives

Growing Liquidity Requirements, a Regulatory Hazard for Asset Managers

By Peter Guy | 21/05/2018

Asset managers resist bank-like capital and liquidity regulations being contemplated by regulators. But new requirements appear unavoidable given recent regulatory trends.

Market Infrastructure

China-backed Derivatives Exchange APEX Set for Launch in Singapore

By Manesh Samtani | 21/05/2018

Asia Pacific Exchange will become Singapore’s third derivatives exchange, initially offering dollar-denominated and physically tradable palm olein futures starting 25 May.

Fintech / Regtech

MAS Eyes Greater Financial Sector Resilience to Cyber Threats

By Manesh Samtani | 21/05/2018

Consultation to be issued “soon” on raising cyber resilience at financial institutions in Singapore; rules to include internal controls, independent reviews, authentication practices.

Securities / Derivatives

Hong Kong Allows Corporate Setup for Investment Funds

By JP Reimann | 18/05/2018

SFC’s new open-ended fund company (OFC) regime will allow investment funds to set up under corporate structures starting from 30 July 2018.

Market Infrastructure

UPDATED – Myanmar Approves Formation of First Credit Bureau

By Editors | 18/05/2018

Joint venture between banks association and Singapore-based ACB Holdings to establish credit bureau will enable banks to better assess loan risks.

Market Infrastructure

S. Korea Banks Respond to Hiring Scandals with New Recruitment Standards

By Manesh Samtani | 18/05/2018

Korea Federation of Banks has submitted a draft proposal to the FSC which includes written exams for candidates, document screening by external agencies and blind interview processes.

Market Infrastructure

China Gives the CBIRC Exclusive Supervision Over Leasing Industry

By Garima Chitkara | 17/05/2018

Leasing companies will no longer come under the Ministry of Commerce and will be supervised by the CBIRC, in a move to streamline regulation of the leasing industry and ensure consistent application of regulatory norms.

Market Infrastructure

Hong Kong SFC Releases Further Details on Licensing Regime

By Garima Chitkara | 17/05/2018

SFC bulletin highlights areas of concern the regulator considers in granting and rejecting licenses as well as updates to MIC regime; SFC also announced a forthcoming thematic review of MIC regime compliance.