Trading & Investment

HKEX Closing Auction Expands to All Equities, Funds

09/10/2019

The move will help improve trading liquidity at close, simplify trading operations for market participants, and standardise closing times for equities.

Trading & Investment

China-Japan ETF Connect Slow to Gain Traction

09/10/2019

Assets in the cross-border feeder ETFs have dropped in the three months since the scheme was launched, by more than two-thirds in the case of the Japan-invested assets.

Payments & Settlements

MPFA to Complete eMPF Platform Bidding Process by Year-End

09/10/2019

Hong Kong’s MPF System relies on cheque settlement, manual handling and paper transactions. The MPFA aims to launch a new ‘eMPF Platform’ in 2022.

KYC & CDD

BOT Plan to Allow Biometric e-KYC Delayed in Testing

09/10/2019

The BOT had planned to allow the use of biometric identity verification for account opening by Q3 this year, but testing in the sandbox has not yet been completed.

Capital Adequacy

ISDA Chief Calls for Specific Changes to CVA Framework

09/10/2019

The current CVA rules due for implementation in January 2022 could lead to an inappropriately sharp increase in capital requirements for derivatives businesses.

Reporting & Disclosures

Japan Hosts First-ever TCFD Summit

09/10/2019

Speaking at the Summit, BOE governor Mark Carney lauded Japan’s support for the TCFD, but said more needs to be done globally to enhance climate-related financial disclosures.

Fraud, Scams & Cybercrime

Singapore Banker Faces 94 Charges for S$1.9m Fraud

08/10/2019

The former banker allegedly told his victims their funds would be placed as fixed deposits or in financial products, resulting in client losses over S$1.9mn.

Structural Regulation

HKEX Abandons Pursuit of London Stock Exchange Merger

08/10/2019

HKEX says the merger is still strategically compelling but it has not been able to engage with LSEG’s management in realising its vision.

Anti-Money Laundering

India Establishes High Level Panel on AML/CFT

08/10/2019

The inter-ministerial committee comprises senior officials from government departments, ministries, law enforcement agencies and regulatory bodies, including the RBI, SEBI and IRDAI.