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Trading & Investment
UBS Becomes First Foreign Bank to Offer Family Trusts in China
By Editors | 28/07/2021
UBS (China) Ltd will provide advisory services to high-net-worth households and offer family trust solutions that integrate wealth preservation and transfer.
Structural Regulation
Sumitomo Mitsui Seeks Approval to Launch China Brokerage
By Editors | 28/07/2021
Sumitomo Mitsui Financial Group and SMBC Nikko Securities filed a joint application with the CSRC on Tuesday.
Payments & Settlements
Eftpos Explores Better Access to Electronic Payments by Fintechs
By Sanday Chongo Kabange | 28/07/2021
A new committee has been formed with FinTech Australia to facilitate discussion on enhancing fintech firms’ access to the eftpos network.
Fraud, Scams & Cybercrime
MAS to Review Liability Framework for Card Scams by Year-end
By Ranamita Chakraborty | 27/07/2021
The Singapore police received 89 reports of fraudulent card transactions performed with SMS OTPs between September 2020 and February 2021.
Clearing & Post-Trade
SEBI Requires Segregation, Monitoring of Client Collateral
By Editors | 27/07/2021
The framework seeks to address previous instances of brokers defaulting and misusing clients’ securities and funds.
Structural Regulation
RBNZ, FMA Consult on Implementation of FMI Act
By Sanday Chongo Kabange | 27/07/2021
The consultation seeks views on how financial market infrastructures will be identified as systemically important and the proposed approach to developing standards.
Market Data & Technology
New Body Formed to Promote Open Standards for Capital Markets
By Sanday Chongo Kabange | 27/07/2021
The GLML Foundation is developing general-purpose legal markup language as an open data standard for capital markets.
Structural Regulation
Thailand SEC Consults on Securities Law Revisions
By Sanday Chongo Kabange | 27/07/2021
The amended Securities and Exchange Act will promote cooperation between financial market regulators including the SEC, BOT and OIC.
Payments & Settlements
GFXC Updates FX Global Code to Promote PvP Settlement
By Manesh Samtani | 27/07/2021
The changes place greater importance on the use of PvP settlement where available, and provide guidance on risk reduction where PvP settlement is not in use.
Data Privacy
Chinese Firms Redirect IPOs From New York to Hong Kong
By Sanday Chongo Kabange | 26/07/2021
Chinese authorities are considering severe penalties for Didi Chuxing, which proceeded with its New York IPO despite being asked to first submit to a cybersecurity review.
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