Markets & Infrastructure

Trading & Investment

BNY, Deutsche to Set Up FX Trading Infrastructure in Singapore

By Editors | 08/06/2020

Seven major firms have already set up FX pricing and matching engines in Singapore, the result of a MAS initiative to lower routing latencies in the city-state.

Structural Regulation

SEBI Launches Regulatory Sandbox for Capital Market Participants

By Editors | 08/06/2020

Regulated entities will be granted facilities and flexibilities to experiment with fintech solutions in a live environment, on a limited set of real customers, for a limited time frame.

Conduct, Culture & Accountability

CBA Ordered to Pay A$5m Over Agricultural Lending Products

By Editors | 08/06/2020

CBA’s failures were attributed to the highly manual nature of the systems it used to apply package benefits, and the lack of systems or processes to check whether customers were receiving said benefits.

Payments & Settlements

Australia Considers Consolidation of Payment Infrastructures

By Editors | 08/06/2020

An industry committee has been set up to explore the benefits of a consolidating the NPP, BPAY and eftpos – […]

Trading & Investment

Chinese Regulators Respond to US Threat Against Hong Kong

By Manesh Samtani | 08/06/2020

The PBOC and CBIRC have offered assurances that Hong Kong’s status as an international financial centre will not be jeopardised under the new national security law.

Structural Regulation

MAS Issues Consultation Response on FRC Framework

By Editors | 07/06/2020

Regulated entities will no longer need to seek MAS approval prior to commencing business arrangements with foreign related corporations; a 14-day ex-post notification will instead be required.

Conduct, Culture & Accountability

New Zealand FMA Files High Court Proceedings Against ANZ

By Editors | 07/06/2020

ANZ issued over 300 duplicate credit card repayment insurance policies, charging double premiums for no additional cover, and failed to cancel policies for over 400 ineligible customers.

Trading & Investment

HKEX Launches First Leveraged Commodities Product in Gold

By Editors | 07/06/2020

The introduction of the first gold futures leveraged product provides investors the ability to express a short-term market view on gold prices, says HKEX’s Brian Roberts.

Structural Regulation

Australia to Further Tighten Foreign Investment Approval Process

By Manesh Samtani | 07/06/2020

Under the new regime, a new “last resort power” will allow the Treasurer to force divestment on national security grounds even after approval is granted.