MARKET INFRASTRUCTURE

    Market Infrastructure

    Malaysia Foils Cyber Attack Involving Falsified SWIFT Messages

    By Manesh Samtani | 01/04/2018

    Unauthorised transactions were prevented by central bank, no financial losses occurred; near breach prompts increased vigilance in the Philippines.

    Enforcement

    Chinese Government Approves WMP Clampdown

    By Editors | 30/03/2018

    New rules to reduce leverage, ban guarantees; financial court to be set up in Shanghai will jurisdiction over major legal cases.

    Market Infrastructure

    PBOC Pilots Phase Two Interbank Payment System

    By Editors | 30/03/2018

    The second phase of CIPS will pilot at ten banks covering cross-border yuan clearing and settlement for all time zones.

    Market Infrastructure

    India to Democratise Algo Trading Access

    By Garima Chitkara | 29/03/2018

    New measures aimed at cheaper access to tick data and co-location, greater disclosure on algorithms and latency from exchanges, stiffer penalties for high order-to-trade ratios.

    Capital / Liquidity

    Malaysia to Make Specialist Compliance, Risk Management Qualifications Compulsory

    By Editors | 29/03/2018

    BNM to introduce code of conduct for senior FI personnel, regulatory standards to govern banks’ increased outsourcing of functions.

    Securities / Derivatives

    Australia Introduces Funds Passport Legislation

    By Editors | 29/03/2018

    Implementation of Asia Region Funds Passport to be complemented by a new corporate structure vehicle to export to investors in Asia.

    Fintech / Regtech

    BOJ-ECB Study Identifies DLT Applications for Securities Settlement

    By Manesh Samtani | 29/03/2018

    Project Stella phase two study suggests distributed ledger technology offers novel approach for cash settlement of securities, but requires further study.

    Market Infrastructure

    Hong Kong Issues LEI, Platform Trading Consultation for OTC Derivatives

    By Samuel Riding | 29/03/2018

    Paper says adopting LEIs should be mandatory for most market participants within six months of consultation conclusions being published.

    Fintech / Regtech

    Indian Exchange Eyes Machine Learning, AI to Combat HFT Risks – Report

    By Editors | 28/03/2018

    Managing director and CEO of National Stock Exchange tells Livemint new technology is needed to meet traders’ increasing sophistication.

    Capital / Liquidity

    Vietnam Establishes Early Intervention Mechanism for Ailing Banks

    By Editors | 26/03/2018

    New mechanism provides guidelines for SBV directors to take action as a credit institution profile weakens to contain risk.

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