Structural Regulation

Trading & Investment

MAS Takes Stock of FX Global Code, One Year Since Launch

By Garima Chitkara | 30/08/2018

MAS deputy managing director Jacqueline Loh spoke about the steps taken in adopting and embedding the FX Global Code in the industry and key priorities for the coming year.

Payments & Settlements

Philippines Passes Bill Appointing Central Bank As Payments Regulator

By Garima Chitkara | 30/08/2018

BSP appointed as payments regulator in the Philippines to ensure safe and efficient functioning of the country’s payments system, promote interoperability among payment networks and incorporate digital payments.

Trading & Investment

Axis Becomes First Bank Subsidiary to Offer Commodity Derivatives

By Editors | 30/08/2018

Clients can now trade commodity futures and options on the MCX; trading on NCDEX to be supported by end-September.

Conduct, Culture & Accountability

Aussie Banks Move to Reform Mortgage Broking Sector

By Manesh Samtani | 30/08/2018

Volumed-based bonus payments for mortgage brokers and other incentives to be abolished; new industry code of conduct prioritising customers’ interests expected by year-end.

Alternative Markets

The Future of Equity Crowdfunding in Hong Kong

By Kristi Swartz | 29/08/2018

Equity crowdfunding may not have specific regulations in Hong Kong, but it is potentially subject to restrictions and barriers to entry under existing rules. Yet, there is room to work alongside regulators to develop and test new products in this market.

Trading & Investment

Cambodia Set to Launch First Ever Corporate Bond

By Editors | 29/08/2018

The country’s third largest microfinance institution has obtained approval from the central bank, and is now seeking final approval from the securities regulator and exchange.

Structural Regulation

CSRC Outlines Rules for Foreign-Invested Futures Firms

By Garima Chitkara | 28/08/2018

Securities regulator set out requirements for firm shareholders, senior management and application documents. Foreign-funded futures firms must hold all core consumer data and transaction data servers on the mainland.

Structural Regulation

Baidu’s Fintech Arm Receives Fund Distribution Licence

By Garima Chitkara | 28/08/2018

A unit of Du Xiaoman, a Baidu subsidiary, received a fund distribution licence from the CSRC and will have six months to complete preparatory work. It will also need to apply for a securities and futures license.

Structural Regulation

HKEX Unveils Details of New Northbound Investor ID Regime

By Garima Chitkara | 27/08/2018

HKEX to launch secure file transfer protocol service for exchange participants later this month to ensure smooth transition to new investor ID regime for northbound trading, set for 17 September.