Markets & Infrastructure

Clearing & Post-Trade

SGX Lowers Messaging Costs for Market Participants

By Editors | 17/01/2019

SGX’s adoption of SWIFT’s CSD Community Offering for financial messaging is expected to reduce messaging costs by 50% for smaller market participants.

Conduct, Culture & Accountability

RBI Eyes Rules to Match CEO Pay to Bank Financial Health

By Editors | 17/01/2019

The Reserve Bank of India plans to provide guidance rules to bank boards on setting CEO remuneration, based on certain performance-related metrics.

Structural Regulation

Hong Kong, Luxembourg Sign Mutual Recognition of Funds Agreement

By Editors | 16/01/2019

Eligible general equity, bond or mixed funds authorised by the SFC can seek authorisation to be marketed to retail investors in Luxembourg.

Custody & Infrastructure

HSBC to Enable Blockchain-based FX Settlement Platform for Clients

By Editors | 15/01/2019

In the last year, HSBC has processed more than 3 million internal FX transactions worth over $250bn using the blockchain-based FX settlement platform.

Payments & Settlements

Singapore Parliament Passes Payment Services Act

By Editors | 15/01/2019

The law represents a framework to streamline payment services regulation in Singapore under a single legislation and bring payment activities under the remit of the MAS.

Trading & Investment

Singapore, Philippine Bourses Collaborate on Equity Derivatives

By Editors | 15/01/2019

The SGX and PSE are working on developing new equity index derivatives for listing in the Philippines to offer a more diverse product line to international investors.

Trading & Investment

China Doubles QFII Quota to Boost Foreign Investment

By Editors | 15/01/2019

China will double the quota from the current $150bn, despite having only granted $101.1bn in quotas to foreign investors as of December.

Trading & Investment

MAS Announces Grant to Support Stock Listings, Equity Research

By Editors | 15/01/2019

The Grant for Equity Market Singapore, or GEMS, will launch in February, offering funding to facilitate SGX listings and develop the local equity research ecosystem.

Cloud & Infrastructure

Singapore Banking Union Opens to Broader Financial Industry

By Editors | 14/01/2019

The newly renamed Banking and Financial Services Union aims to help professionals stay relevant and competitive amid technological advancement and industry changes.