Markets & Infrastructure

Clearing & Post-Trade

ASX to Replace Post Trade Infrastructure with DLT Solution

By Manesh Samtani | 01/05/2018

New DLT system to provide more efficient clearing, settlement and other post-trade services through improved record keeping, reduced reconciliation, more timely transactions, better quality data.

Market Abuse

Chinese Exchanges Toughen ‘Abnormal Trade’ Monitoring

By Editors | 01/05/2018

SZSE and SSE have strengthened rules for member firms on monitoring key accounts for abnormal trading and market manipulation.

Structural Regulation

Japanese Banks Respond to HK OTC Derivatives Consultation

By Garima Chitkara | 30/04/2018

Japanese banking association asks for 6-12 months grace for implementing LEI requirements; urges for increased incentives to encourage smaller firms to obtain LEIs.

Structural Regulation

India Puts Funds Passporting On Hold

By Garima Chitkara | 30/04/2018

Local press reports say SEBI is concerned about excessive foreign money into the country’s nascent mutual funds industry making it susceptible to fund volatility.

Conduct, Culture & Accountability

Singapore Raises Accountability, Conduct Standards at FIs

By Garima Chitkara | 30/04/2018

MAS has released guidelines on promoting individual accountability of senior managers, strengthening employee oversight, and embedding ‘proper conduct’ standards at financial institutions.

Structural Regulation

SFC to More Than Triple Investor Compensation Limit

By JP Reimann | 30/04/2018

Proposals include raising compensation limit to HKD500,000 per investor, covering Stock Connect northbound trading; raising trigger for reinstating transaction levy to fund compensation.

Payments & Settlements

American Express Set to Enter China Market

By JP Reimann | 30/04/2018

Amex application to operate in China through a joint venture with domestic mobile-payment provider Lianlian has reportedly been accepted by PBOC.

Structural Regulation

Taiwan to Debut Internet Only Banks by End-2019

By JP Reimann | 30/04/2018

Internet only banks must be at least 50 percent owned by a traditional lender, and subject to the same capital requirements.

Structural Regulation

Thailand Targets Bank Mergers to Boost Regional Competitiveness

By Manesh Samtani | 28/04/2018

BOT supports incentives for merged banks including extra deductions for corporate income tax and waivers from other tax obligations.