Securities / Derivatives

SGX to Introduce Price Collars for Auction Mechanism

30/09/2019

The price limits will prevent order matching beyond a certain range of the last traded price for the securities market’s opening, mid-day and closing auction routines.

Capital / Liquidity

SFC to Push Ahead with New Cap on Margin Financing

30/09/2019

From 4 October, margin loans will be capped at five times capital, despite appeals from brokerage firms to postpone the new rules by one year.

Market Infrastructure

Singapore Unveils New Framework for Upskilling Financial Sector

30/09/2019

The IBF, MAS, SkillsFuture and Workforce Singapore jointly developed the framework to help finance industry professionals upgrade their skills and remain relevant.

Market Infrastructure

Most Rules to Prevent Complex Product Mis-selling Already in Place

27/09/2019

Only China, Hong Kong, Japan and Singapore are fully consistent with all nine IOSCO principles on suitability requirements for the distribution of complex financial products.

Market Infrastructure

APAC Central Banks Prepare Market for Benchmark Reforms

27/09/2019

A group of APAC central banks have issued a report on the regional implications of LIBOR’s discontinuation, BMR implementation, and reforms to local benchmarks.

Market Infrastructure

ASX Entities Need Stronger Legal Basis to Access Risk Capital

27/09/2019

In its latest assessment of ASX’s clearing and settlement facilities, the RBA says the facilities need to strengthen their legal basis to access general business risk capital.

Enforcement

New Zealand to Introduce New Conduct Oversight Regime

27/09/2019

New legislation to implement the regime is expected by year-end, empowering the FMA with stronger enforcement tools and the ability to impose higher penalties for conduct breaches.

Big Picture

BIS Warns of Potential Financial Distress from CLO Market

26/09/2019

CLO losses experienced by non-bank investors such as hedge funds and insurance companies could present risks to banks, the BIS says in its quarterly review.

Capital / Liquidity

RBI Caps Withdrawals at Failing PMC Bank, Prompting Panic

26/09/2019

The RBI has ordered the troubled cooperative bank to cap withdrawals at 1,000 rupees per account, prompting panic, protests and promises of legal action from customers.