Markets & Infrastructure

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    Conduct, Culture & Accountability

    ASIC Publishes New Indigenous Financial Services Framework

    By Editors | 19/02/2023

    ASIC encourages the financial services industry to improve their understanding of First Nations peoples and embed this into their engagement approach.

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    Clearing & Post-Trade

    UK CCPs Directed to Update Outsourcing Agreements by Feb 2024

    By Mark Johnston | 19/02/2023

    New supervisory statement requires UK CCPs to update legacy outsourcing agreements by by 9 February 2024.

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    Credit Risk

    Korea to Improve System for Requesting Lower Loan Rates

    By Editors | 17/02/2023

    The right to request a lower loan interest rate was made law but acceptance of such requests in the financial sector has continued to be rare.

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    Market Data & Technology

    China Trials Platform for Investors to Check Fund Holdings

    By Editors | 17/02/2023

    A “Fund E Account” platform will provide a “one-stop” service for individual investors to query information about all their holdings in public funds.

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    Structural Regulation

    Australia Proposals to Regulate BNPL Gains Widespread Support

    By Editors | 17/02/2023

    AFCA has received more than 3,300 complaints against BNPL providers since 2018. ASIC supports regulating BNPL under the National Credit Act.

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    Structural Regulation

    Some APAC Regulators Not Fully Operationally Independent: IOSCO

    By Editors | 17/02/2023

    Government officials in Singapore, Japan, Hong Kong, Australia and India have some ability to direct or influence securities regulators’ day-to-day operations.

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    Conduct, Culture & Accountability

    Court Issues Australia’s Largest Ever Fine for Disclosure Failures

    By Editors | 17/02/2023

    Former ASX-listed GetSwift was ordered to pay A$15mn. Three former directors were also penalised.

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    Market Data & Technology

    CFTC to Require UPIs in Swaps Reporting Starting Jan 2024

    By Editors | 17/02/2023

    UPIs issued by the DSB will be required in reporting credit, equity, foreign exchange, and interest rate swaps from 24 Jan 2024.

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    Tokenisation

    Hong Kong Issues First-of-its-kind Tokenised Green Bond

    By Editors | 17/02/2023

    Financial Secretary Paul Chan said the issuance demonstrates Hong Kong’s strengths in combining bond market, green and sustainable finance, and fintech.

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    Market Data & Technology

    Bursa Malaysia Launches Low Latency Connectivity Solution

    By Editors | 17/02/2023

    International market participants can access Bursa Malaysia’s data feed via more than 900 data centres in 32 countries.

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