Cybersecurity

Singapore FIs Need Stronger Cyber Risk Culture: MAS CSAP

01/10/2019

CSAP members cite poor risk culture as a frequent contributing factor during cyber incidents, highlighting that clear expectations must be set at the board and senior management level.

Liquidity Risk

BSP Lowers Bank Reserve Requirement Ratio

01/10/2019

The 100bp cut in bank reserve requirements is expected to free up about $2.1bn in the financial system “in support of credit activity”.

Trading & Investment

Korea FSC Offers New Channels for Venture Capital Investment

01/10/2019

Securities, asset management and venture capital firms can obtain a license to operate a fund which raises capital from investors to list on the KRX and invests in unlisted companies.

Trading & Investment

SEBI Issues Norms for Funds on Money Market, Debt Valuations

01/10/2019

Mutual funds should value money market and debt securities using the waterfall approach on the basis of traded yields, SEBI said in a circular.

Reporting & Disclosures

WFE Partners with UN Sustainable Stock Exchanges Initiative

30/09/2019

The WFE and SSE will collaborate to enhance ESG disclosure at stock exchanges. They have also jointly published a blueprint for embedding sustainability in stock exchange operations.

Anti-Bribery & Corruption

Malaysia Proposes Anti-Corruption Measures for Listed Companies

30/09/2019

The consultation also proposes amendments to facilitate the electronic performance of corporate actions by securities holders.

Reporting & Disclosures

FMA Issues Draft Guidance on Responsible Investment

30/09/2019

New Zealand’s FMA is seeking feedback on how responsible investment products should be described, labelled and promoted to investors.

Structural Regulation

Hong Kong to Regulate Fund Trustees, Custodians

30/09/2019

Fund trustees and custodians in Hong Kong are not subject to any licensing regime or ongoing supervision. The SFC proposes to regulate them under a new type of regulated activity, RA 13.

Trading & Investment

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.