Markets & Infrastructure

Payments & Settlements

Hong Kong Work Plan Includes Incentives for Fund Industry

By Manesh Samtani | 20/04/2018

Government reviewing and enhancing existing tax concession arrangements for fund industry; HKMA to launch real-time payments, issue virtual bank licences this year.

Supervision & Enforcement

Australia Consults on Enforcement Powers for Client Money Rules

By Editors | 19/04/2018

Draft law provides ASIC with wider range of tools to enforce better protections for client money held for OTC derivatives.

Structural Regulation

India Sets Floor for Foreign Investment into Unregulated Financial Entities

By Garima Chitkara | 19/04/2018

Minimum foreign investment into fund-based services by unregulated entities to be set at $20 million; $2 million for non-fund based services.

Clearing & Post-Trade

Thailand Futures Exchange to Accept Both Cash and Non-cash Collateral

By Editors | 19/04/2018

TFEX to accept government and BOT issued bonds and equities underlying stock futures initially, in a move expected to ease trading and lower costs for investors.

Trading & Investment

SEBI Requires Physical Settlement of Equity Derivatives

By Garima Chitkara | 19/04/2018

Regulator issues enhanced eligibility criteria for equities to enter the derivatives segment, physical settlement for derivatives not meeting criteria.

Cybersecurity

Philippines Targets Retail Finance Digitalisation

By Garima Chitkara | 19/04/2018

BSP governor laid out the central bank’s regulatory priorities in fintech and regtech while revealing regulation around AML/KYC requirements and mitigating the risks surrounding data security.

Payments & Settlements

HK, Japan to Connect Settlement Systems

By JP Reimann | 19/04/2018

BOJ-NET link with HKD CHATS will effectively eliminate the need for the US dollar as an intermediate currency in cross-border transactions.

Structural Regulation

GFMA Publishes Market Transparency Guidelines

By Editors | 19/04/2018

Trend towards market transparency across structurally different markets and jurisdictions highlights need for shared global principles.

Conduct, Culture & Accountability

Australia Royal Commission Finds AMP Repeatedly Deceived Regulator

By Manesh Samtani | 19/04/2018

Wealth manager AMP covered up for years a policy of charging customers fees for advice they never received; sought to influence “independent” review into the practice to protect executives.