Market Infrastructure

DTCC Explores Further Digitalisation in Public & Private Markets

19/05/2020

Project Ion seeks to further optimise the settlement process in public markets. Project Whitney explores the use of asset tokenisation and digital infrastructure to support private markets.

Securities / Derivatives

China Urges Domestic Firms to List in London – Report

19/05/2020

The push for a resumption of listings under the Shanghai-London Stock Connect is in part aimed at improving China’s ties with the outside world.

AML / KYC

Companies Not Protecting Against Third Party Risk: Refinitiv

18/05/2020

43% of third parties do not receive due diligence checks, and 62% of respondents do not know the extent to which third parties are outsourcing work.

AML / KYC

SFC Reprimands, Fines Southwest Securities for AML/CFT Failures

18/05/2020

The brokerage failed to implement adequate and effective policies and procedures to mitigate AML/CFT risks associated with third party deposits.

Securities / Derivatives

Taiwan, Malaysia to Cooperate on Derivatives Market Development

18/05/2020

The two exchanges will share information and best practices relating to product development, market operations, and other areas of common interest.

Capital / Liquidity

Bangladesh Opens Special One-Year Repo Facility for Banks

18/05/2020

The new facility will allow lenders to access central bank liquidity for up to 360 days, compared to a maximum 28-day term allowed under existing facilities.

RBNZ Registers ICBC to Provide Banking Services in New Zealand

18/05/2020

The RBNZ expects ICBC to conduct business in New Zealand through both a new branch and a subsidiary it has had registered since November 2013.

Securities / Derivatives

HKEX Moves to Enhance Liquidity of Exchange Traded Products

18/05/2020

A new spread table will reduce tick sizes and spreads for ETPs, while new market making obligations create a more competitive liquidity providing environment.

SFC to Get Another Three Year Term from CEO Ashley Alder

18/05/2020

Alder was expected to step down in September, but has decided to stay on to ensure regulatory clarity through the current period of “exceptional stress”.