Structural Regulation

Market Data & Technology

CPMI, IOSCO Consult on Governance of OTC Derivatives Data

By Editors | 20/08/2018

New consultative document identifies key criteria, functions and bodies for the governance arrangements for critical OTC derivatives data elements data, other that UTI and UPI.

Structural Regulation

Vietnam to Restrict Licences for Foreign Banks

By Garima Chitkara | 16/08/2018

Vietnam is looking to potentially stop issuing licenses to foreign banks even as the State Bank of Vietnam is proposing to ease requirements for the establishment of domestic banks.

Payments & Settlements

Banks Need Regulatory Defence Against Tech Firms

By Peter Guy | 16/08/2018

The Facebook controversy around user data hasn’t discouraged it from advancing its ambitions in financial services like payment and remittance processing.

Trading & Investment

Foreign Nationals in China Permitted to Directly Trade A-Shares

By Manesh Samtani | 16/08/2018

Foreign individuals working in China will be allowed to open domestic brokerage accounts to trade A-shares; foreign employees living abroad will be entitled to participate in employers’ stock incentive programmes.

Cryptocurrency

Cryptocurrency Framework Needs Update – Japan FSA

By Manesh Samtani | 16/08/2018

On-site inspections revealed a lack of internal controls, inadequate governance and poor business models at exchanges.

Clearing & Post-Trade

India to Devise Framework on Clearinghouse Interoperability

By Garima Chitkara | 14/08/2018

SEBI is working to develop a framework to allow clearinghouses to settle transactions executed on any exchange.

Market Abuse

NSE To Approach SEBI on Co-Location Case

By Garima Chitkara | 13/08/2018

The exchange will begin dialogue with the regulator on alleged misuse of its co-location facility; NSE chief says the exchange’s IPO is on hold until the resolution of this case.

Conduct, Culture & Accountability

Taiwan FSC Orders Governance Fix at Fubon Financial Holdings

By Manesh Samtani | 13/08/2018

The regulator is concerned the founding family holds undue influence at Fubon Financial Holdings and affiliates, compromising board of directors’ autonomy.

Structural Regulation

Stock Connect ID System for Northbound Trades Slated for September Launch

By Editors | 13/08/2018

Northbound investor ID system is scheduled to be implemented on 10 September, pending market readiness and regulatory approval, and will not affect the business of existing market participants.