Markets & Infrastructure

Custody & Infrastructure

SSE, SZSE to Pilot Blockchain in Trading, Custody Systems

By Editors | 05/10/2020

The Shanghai and Shenzhen stock exchange have separately announced plans to test newly-developed blockchain systems in equity markets.

Alternative Markets

Singapore Continues to Grow as Asia Pacific Gateway: MAS

By Manesh Samtani | 04/10/2020

As of mid-September, 120 VCCs have registered in Singapore, on top of 15.7% year-on-year growth in total AUM recorded at the end of 2019.

Structural Regulation

SFC Issues Guidance on E-dissemination of Product Documents

By Editors | 03/10/2020

Investors currently receiving paper investment product documents need to be notified at least one month before e-dissemination arrangements take effect.

Conduct, Culture & Accountability

NZBA Issues Guidelines for Banks on Serving Customer Needs

By Sanday Chongo Kabange | 02/10/2020

The guidelines were developed in consultation with the FMA and build on the banking industry’s work following the 2018 conduct and culture review.

Conduct, Culture & Accountability

HKMA Directs Banks to Review, Enhance Sales Practices

By Manesh Samtani | 02/10/2020

A mystery shopping programme has identified product disclosure, risk profiling, and suitability assessment as some of the key areas where improvement is needed.

Cloud & Infrastructure

Australia to Allocate A$800m to Digital Initiatives in Budget

By Editors | 02/10/2020

The plan includes the development of a digital identity system, modernisation of business registers, rollout support for the CDR, and regtech/fintech initiatives.

Trading & Investment

SGX RegCo Publishes Regulatory Guide on Algorithmic Trading

By Manesh Samtani | 02/10/2020

The guide describes the governance, risk controls, and development and testing process that SGX members should have in place when using algorithms in trading.

Structural Regulation

ACCC Concludes Refinitiv-LSEG Merger Review

By Editors | 02/10/2020

The ACCC examined horizontal overlaps and vertical relationships between LSEG and Refinitiv, as well as potential competition issues, and is not opposed to the transaction.

Payments & Settlements

SWIFT Developing Low-Value Cross-Border Payments Service

By Editors | 02/10/2020

The new initiative will improve the payments experience for consumers and SMEs, making them faster, more transparent, easier and competitively priced.