Markets & Infrastructure

Conduct, Culture & Accountability

Korea FSS to Facilitate ‘Responsible’ Innovation by Foreign Firms

By Editors | 08/04/2019

FSS governor Yoon Suk Heun urged foreign financial firms to bring in “a new wave” of financial inclusion and responsible innovation to spur sustainable growth in Korea’s financial industry.

Data Privacy

ACCC Publishes Draft Rules for Open Banking Data Sharing

By Editors | 08/04/2019

The draft rules provide detail and guidance as to how the Consumer Data Right will work in the banking sector starting in July this year.

Clearing & Post-Trade

Bursa Malaysia to Operate on T+2 Settlement from 29 April

By Editors | 08/04/2019

Bursa Malaysia will migrate to T+2 settlement starting from 29 April, putting it in line with the financial markets of developed countries.

Structural Regulation

Bangladesh Exchanges Lobby for Lower Taxes to Spur Capital Market

By Editors | 08/04/2019

The Dhaka and Chittagong stock exchanges have asked for tax cuts on dividends, bonds, stock transactions, and their own income, in a bid to catalyse Bangladesh’s capital markets.

Payments & Settlements

ASEAN Pushes for Cross-Border Settlement in Local Currencies

By Editors | 08/04/2019

ASEAN central bankers are setting up direct settlement systems that use local currencies, in a bid to reduce transaction costs and exposures to global volatility.

Trading & Investment

RBI to Allow Non-Residents to Trade Interest Rate Derivatives

By Editors | 07/04/2019

Under draft rules, non-resident retail investors can hedge through interest rate derivatives; non-retail investors can participate for other specified purposes.

Trading & Investment

Over 40 IPO Applicants Accepted for Shanghai’s New Board

By Editors | 07/04/2019

Of the 50 listing applicants so far, 41 have been accepted and will have to through a second stage of audit and inquiry. The other 9 have been sent inquiry letters.

Structural Regulation

Merger Benefits Diminished Under Existing JPX-TOCOM Plan

By Editors | 07/04/2019

The current plan to keep crude oil and petroleum products on TOCOM will diminish the benefits of the planned merger with JPX.

Clearing & Post-Trade

Supervisors Should Avoid Fragmenting Clearing Ecosystem – Report

By Editors | 07/04/2019

A report from the World Federation of Exchanges and Oliver Wyman urges supervisors to ensure outstanding CCP reforms are implemented in line with agreed principles to avoid fragmentation.