Markets & Infrastructure

Fraud, Scams & Cybercrime

NZ FMA Has Recommendations on Protecting Client Assets

By Manesh Samtani | 09/10/2023

The FMA has proposed a review of the regulatory settings for custodians in New Zealand, including a possible licensing regime.

Trading & Investment

Taiwan: 11 Fund Managers Selected to Receive Policy Concessions

By Editors | 09/10/2023

Three firms were cut from the list of foreign fund managers eligible for policy concessions since last year. Goldman Sachs was added.

Clearing & Post-Trade

ASX Pledges to Remediate Issues Identified in RBA Assessment

By Manesh Samtani | 09/10/2023

The RBA said ASX has been operating at a “heightened level of overall risk level for an extended period” and this needs to be addressed “promptly”.

Structural Regulation

OECD Unveils New Tool Supporting Global Tax Reform

By ESG Investor | 09/10/2023

Adoption of the new multilateral instrument marks further progress towards the implementation of the Pillar Two minimum tax.

Clearing & Post-Trade

Don’t Delay the Inevitable: T+1 Settlement is Imminent

By Val Wotton | 09/10/2023

DTCC’s Val Wotton discusses what the US move to a shorter settlement cycle means for Asia and beyond.

Structural Regulation

Citi Announces Deal to Sell China Consumer Business to HSBC

By Editors | 09/10/2023

Following the transaction, expected to close in H1 2024, Citi’s consumer business will be integrated into HSBC’s wealth and personal banking business unit.

Structural Regulation

HK Wealth Firms See Regulatory Environment Improving

By Manesh Samtani | 09/10/2023

More than 80% of PWMA member firms surveyed expect the new framework for sophisticated professional investors to bring a positive impact.

Payments & Settlements

India, UAE Sign Agreement to Interlink Payment Systems

By Editors | 09/10/2023

India will interlink the UPI with the UAE’s Instant Payments Platform. The RuPay switch and UAESWITCH card switches will also be interlinked.

Clearing & Post-Trade

ESMA Consults on Potential Move to Shorter Securities Settlement Cycle

By Editors | 08/10/2023

ESMA said it is looking to consider “all the possibilities for a shortened settlement cycle, including both T+1 and T+0”.