Markets & Infrastructure

Payments & Settlements

Singapore Accelerates Shift to Digital Economy

By Manesh Samtani | 21/06/2018

MAS board member Ong Ye Kung pledges to eliminate cheque usage by 2025, while also reducing the need for ATM cash withdrawals, through increased adoption of e-payments.

Structural Regulation

HK Virtual Bank Licence Offers Nothing New for Local Market

By Peter Guy | 20/06/2018

The HKMA and its new regulations fail to recognise that virtual banking has long existed. Redundant and irrelevant rules only hold back fintech development in Hong Kong.

Structural Regulation

First CDR Applicant Xiaomi Postpones Mainland Listing

By Garima Chitkara | 20/06/2018

Xiaomi, the first applicant for China’s Depository Receipt programme has decided to put its CDR offering on hold until after its Hong Kong IPO later this month.

Structural Regulation

Cambodia Opens Applications for New CIS-Related Licences

By Garima Chitkara | 20/06/2018

Cambodia’s securities regulator has started accepting applications for licences for fund managers, distributors, administrators, trustees, among other CIS-related activities.

Structural Regulation

Australia Consults on Corporate Structure for Funds

By Manesh Samtani | 20/06/2018

New ‘CCIV’ structure will allow Australia asset managers to market fund products to the rest of Asia, complementing the Asia Region Funds Passport.

Clearing & Post-Trade

Cambodia, Indonesia Signs Derivatives Cooperation Pact

By Garima Chitkara | 20/06/2018

CDX has signed a cooperation agreement with JFX to boost derivatives trading in Cambodia; securities regulator set to issue more derivatives trading licences.

Structural Regulation

Fund Managers Negative on MiFID II Research Unbundling – Report

By Manesh Samtani | 20/06/2018

New RSRCHXchange survey reveals non-European fund managers negative about unbundling requirements, while recognising positive impact for investors; impact expected to be felt Asia within 2-4 years.

Structural Regulation

The End of IBOR – The Asia Take

By Matthieu Sachot | 19/06/2018

Though uncertainty remains on when LIBOR migration is really going to be due, the earlier the banks set this in motion, the lower the execution risk and cost in the long run. This article highlights the local benchmarking effort in Asia and the key areas banks should have on their roadmap, starting now.

Market Abuse

Goldman Faces Naked Short Selling Fine in S. Korea

By Manesh Samtani | 19/06/2018

South Korean branch of Goldman Sachs International said its naked shorts were the result of an institutional investor reversing a decision to lend it shares; the firm faces a fine up to $896,000.