Markets & Infrastructure

    KYC & CDD

    HK Banks Asked to Enhance Customer Interface of Account Opening

    By Manesh Samtani | 18/06/2019

    The HKMA has published the findings of its mystery shopper programme, which set out to assess customer interface aspects of bank account opening for SMEs and ethnic minorities.

    Trading & Investment

    China Capital Markets Reaching Inflection Point: ASIFMA

    By Editors | 17/06/2019

    New ASIFMA report says China’s capital markets are reaching an inflection point, and provides 103 recommendations to facilitate their further development.

    Clearing & Post-Trade

    SFTR: An Opportunity to Upgrade, Automate

    By Manesh Samtani | 17/06/2019

    DTCC’s Val Wotton and Oliver Williams explain the challenges SFTR presents in Asia, and how firms can best prepare in the lead-up to implementation starting in April 2020.

    Structural Regulation

    BNM Issues Draft Rules for Electronic Trading Platforms

    By Editors | 17/06/2019

    BNM has issued a policy document laying out its expectations of companies providing electronic trading platforms in the FX and money markets.

    Sustainable Finance

    India INX Launches Trading Platform for Green Bonds

    By Editors | 17/06/2019

    BSE-owned India INX has listed the bonds of three Adani-group subsidiaries on its new green bonds platform.

    Trading & Investment

    Shanghai’s New Tech Board to Commence Trading Within 2 Months

    By Editors | 15/06/2019

    China has held a launch ceremony for Shanghai’s new board, termed the ‘SSE STAR Market’. Trading is expected to commence within 2 months with about 30 companies.

    Payments & Settlements

    RBA Proposes Financial Penalties for Slow NPP Adoption

    By Editors | 14/06/2019

    The RBA recommends the introduction of an enforceable sanctions regime and possible financial penalties for NPP participants that do not support core capabilities within a specific period of time.

    Clearing & Post-Trade

    DLT Can Enhance Settlement Systems, But Not Replace Them

    By Manesh Samtani | 14/06/2019

    A new paper from Greenwich Associates says DLT cannot replace settlement infrastructure entirely without imposing the very costs it was designed to reduce.

    Trading & Investment

    SFC Provides Additional Guidance on Sale of Complex Products

    By Editors | 14/06/2019

    Paragraph 5.5 of the Code of Conduct is only applicable for unsolicited purchases of complex products. Intermediaries can apply a risk-based approach to disclosures for repeat purchases.

    Conduct, Culture & Accountability

    Practical Steps for Compliance with MAS’ IAC Guidelines

    By Grace Chong | 14/06/2019

    Grace Chong at global law firm Simmons & Simmons analyses the implications of MAS’ Individual Accountability and Conduct Guidelines, and sets out the practical steps to be taken.

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