Markets & Infrastructure

Conduct, Culture & Accountability

ClearView Completes Advice Remediation Programme

By Editors | 20/09/2019

Financial compensation totalling A$730,000 was offered to 215 clients who were harmed by poor advice, while another 21 clients received non-financial remediation.

Trading & Investment

Thailand, Cambodia Sign MoU on Cross-Border Listings

By Editors | 20/09/2019

A working group will be formed to implement mechanisms for cross-border equity offerings, dual listings and depositary receipts between the two countries.

Payments & Settlements

RBI Proposes to Directly Regulate Payment Gateways, Aggregators

By Editors | 19/09/2019

The paper proposes that payment gateways and payment aggregators be required to have a minimum net-worth of 1 billion rupees, among other requirements.

Structural Regulation

ACCC Chair Flags Lack of Competition in Retail Banking

By Editors | 19/09/2019

The ACCC’s Rod Sims said the lack of competition is not surprising in a market dominated by four players, where no other players have managed to make serious inroads to displace them.

Cloud & Infrastructure

FSC Korea to Provide Funding Support to Fintechs

By Editors | 19/09/2019

FSC chairman Eun Sung-soo told fintech executives that a 300 billion won fund will be set up to invest in the sector and regulations will be eased to promote fintech development.

Trading & Investment

ISDA Consults on Final Parameters for Benchmark Fallback Adjustments

By Manesh Samtani | 19/09/2019

Based on the results, the 2006 ISDA Definitions will be adjusted to incorporate fallbacks for new IBOR trades, and a protocol for including fallbacks in legacy IBOR contracts will be published.

Trading & Investment

BIS Survey Reveals Rising Significance of Asian FX Hubs

By Manesh Samtani | 18/09/2019

Sales desks in China, Hong Kong and Singapore all recorded rises in FX trading activity compared to three years earlier. The UK increased its dominance despite Brexit fears.

Trading & Investment

Bursa Malaysia Extends Agreement to Host Derivatives on CME Globex

By Editors | 18/09/2019

The extension of the CME Globex services will continue to provide global visibility, accessibility and connectivity to Bursa Malaysia derivatives products.

Conduct, Culture & Accountability

RBNZ, FMA Unimpressed by Insurers’ Inaction on Conduct Risk

By Editors | 18/09/2019

RBNZ governor Adrian Orr says the sector has failed to demonstrate the necessary urgency and prioritisation to provide effective governance and monitoring of conduct risk.