Markets & Infrastructure

Operational Risk

ASIC Review Finds Non-financial Risk Oversight Lacking

By Editors | 02/10/2019

ASIC says the boards of listed companies need to review their governance practices and accountability structures to ensure effective management of non-financial risks.

Data Privacy

ACCC Selects Ten Firms to Test Open Banking Data-Sharing

By Editors | 01/10/2019

The ten companies will work with Australia’s big four banks to test the data-sharing ecosystem through open banking APIs in the lead up to open banking’s official launch in February.

Payments & Settlements

First Foreign Firm Approved to Enter China Payments Market

By Editors | 01/10/2019

The PBOC has approved PayPal’s acquisition of a majority stake in domestic payments firm Gopay, giving it access to various domestic payments licences.

Structural Regulation

EU Equivalence Needed on Cross-Border Intragroup Transactions

By Editors | 01/10/2019

ISDA and EU banking associations are calling for equivalence decisions to be prioritised for Australia, Hong Kong, Singapore and South Korea, among others.

Trading & Investment

Korea FSC Offers New Channels for Venture Capital Investment

By Editors | 01/10/2019

Securities, asset management and venture capital firms can obtain a license to operate a fund which raises capital from investors to list on the KRX and invests in unlisted companies.

Trading & Investment

SEBI Issues Norms for Funds on Money Market, Debt Valuations

By Editors | 01/10/2019

Mutual funds should value money market and debt securities using the waterfall approach on the basis of traded yields, SEBI said in a circular.

Anti-Bribery & Corruption

Malaysia Proposes Anti-Corruption Measures for Listed Companies

By Editors | 30/09/2019

The consultation also proposes amendments to facilitate the electronic performance of corporate actions by securities holders.

Structural Regulation

Hong Kong to Regulate Fund Trustees, Custodians

By Editors | 30/09/2019

Fund trustees and custodians in Hong Kong are not subject to any licensing regime or ongoing supervision. The SFC proposes to regulate them under a new type of regulated activity, RA 13.

Trading & Investment

SGX to Introduce Price Collars for Auction Mechanism

By Editors | 30/09/2019

The price limits will prevent order matching beyond a certain range of the last traded price for the securities market’s opening, mid-day and closing auction routines.