Markets & Infrastructure

Conduct, Culture & Accountability

BSP Revises Rules to ‘Institutionalise’ Consumer Protection at Banks

By Editors | 11/09/2019

The BSP has revised its financial consumer protection framework to ensure banks conduct their business ethically and refrain from practices that may cause harm to consumers.

Structural Regulation

HKEX Seeks ‘Unprecedented’ Market Connectivity Via LSEG Merger

By Manesh Samtani | 11/09/2019

HKEX chief Charles Li says the merger would create the most important investment platform and risk management infrastructure for the free flow of global capital between the East and West.

Conduct, Culture & Accountability

ASIC to Appeal Westpac Responsible Lending Case Dismissal

By Editors | 11/09/2019

ASIC says last month’s federal court’s ruling in favour of Westpac creates uncertainty as to what is required for a lender to comply with its loan assessment obligations.

Supervision & Enforcement

SFC Fines HSBC HK$2.1m for Phone Recording Failures

By Editors | 11/09/2019

Voice recording was inadvertently not enabled on some private banking service lines, resulting in over 5,800 client order instructions not being tape-recorded.

Clearing & Post-Trade

Euroclear to Establish Link with China Interbank Bond Market

By Editors | 10/09/2019

The link will seek to simplify the process for foreign investors accessing the China interbank bond market and bring its cross-border settlement mechanism in line with global standards.

Structural Regulation

China to Scrap QFII, RQFII Quota Restrictions

By Editors | 10/09/2019

SAFE has announced it is removing its QFII and RQFII quota restrictions, as well as the country and region requirements for both schemes.

Structural Regulation

RBI Panel Offers Path to Develop Home Loan Securitisation Market

By Editors | 10/09/2019

A new intermediary should be created to standardise the underlying mortgage loans, underwriting guidelines and loan servicing standards, the panel says.

Trading & Investment

KiwiSaver Reform is Key to Boosting NZ Capital Markets: Report

By Editors | 10/09/2019

Sponsored by the FMA and NZX, an industry working group has recommended changes to the KiwiSaver scheme, saying it will become the predominant pool of retirement savings over time.

Payments & Settlements

Singapore Streamlines Payment Firms’ Access to Legal Services

By Editors | 09/09/2019

The initiative will help connect the payments industry with specialist law firms through a streamlined process to help them comply with the new Payment Services Act.