Markets & Infrastructure

Data Privacy

RBI to Allow New Type of ‘Account Aggregator’ NBFC

By Editors | 06/07/2015

The Reserve Bank of India said it will allow a new type of non-banking financial company which can act as an account aggregator to enable customers to see all accounts across multiple financial institutions in a common format.

Trading & Investment

China Creates Broker-Led Market Stabilisation Fund

By Editors | 06/07/2015

China’s securities regulator has set up its first-ever market stabilisation fund in a bid to halt the recent stock market plunge.

Structural Regulation

China Suspends IPO Listings

By Editors | 05/07/2015

China has suspended all initial public offerings in an effort to preserve market liquidity and halt the stock market’s recent plunge.

Conduct, Culture & Accountability

Australia Financial Planning Sector Reforms to be Announced in August

By Editors | 04/07/2015

Reforms to lift ethics, education and professionalism in the scandal-ridden financial planning industry are set to be released in August.

Trading & Investment

India to Restrict Trading Speeds for Algorithmic Traders

By Editors | 03/07/2015

The Securities and Exchange Board of India is working on rules to strengthen regulation of algorithmic trading and create a level playing field for investors.

Conduct, Culture & Accountability

SEBI Warns Mutual Fund Industry for High Fees

By Editors | 03/07/2015

India’s capital markets regulator has come down heavily on mutual fund players over the higher agency commissions they charge from customers, warning of punitive and corrective actions.

Payments & Settlements

Indonesia Bans Foreign Currencies in Domestic Transactions

By Editors | 02/07/2015

Indonesia’s central bank has banned the use of foreign currencies for domestic transactions to control onshore demand for dollars and ease downward pressure on the rupiah, effective on July 1.

Cloud & Infrastructure

Singapore Allows Banks to Test Fintech Innovation Without Seeking Approval

By Editors | 02/07/2015

The Monetary Authority of Singapore said financial institutions are free to test certain digital innovations without the approval of the regulator, while announcing other initiatives aimed at boosting the fintech sector.

Clearing & Post-Trade

MAS Consults on Proposed Regulations for OTC Derivatives Clearing

By Editors | 02/07/2015

The Monetary Authority of Singapore has issued a consultation paper on proposed regulations for central clearing of over-the-counter derivative contracts.