MARKET INFRASTRUCTURE

Market Infrastructure

MAS Issues Revised Data Submission Rules for FIs

By JP Reimann | 23/05/2018

Revised requirements including increased granularity and rationalisation of data in submissions; set to take effect on 1 October 2020.

Fintech / Regtech

GDPR – Frankenstein’s Monster of Regulation

By Peter Lancos | 22/05/2018

Given the 25 May go-live date, financial institutions in Asia need to immediately consider their obligations under GDPR, which will apply to any firm with clients or employees who are EU citizens.

Capital / Liquidity

China Boosts Offshore RMB Liquidity as MSCI Inclusion Looms

By Garima Chitkara | 21/05/2018

PBOC allows offshore clearing banks to access mainland liquidity, cuts RMB reserve ratio of clearing banks to zero percent, among other measures.

Market Infrastructure

NSE Receives CFTC Approval to Sell Futures to US Customers

By Garima Chitkara | 21/05/2018

NSE can sell futures products to US investors without the later having to register separately as a futures merchant; CFTC approval hinges on information exchange on NSE transactions with SEBI.

Securities / Derivatives

London Exchange Releases Shanghai Trading Link Blueprint

By Manesh Samtani | 21/05/2018

London-Shanghai Stock Connect to start later this year; SSE companies worth over CNY20bn will be allowed to list up to 15% of total share capital in the UK.

Securities / Derivatives

Growing Liquidity Requirements, a Regulatory Hazard for Asset Managers

By Peter Guy | 21/05/2018

Asset managers resist bank-like capital and liquidity regulations being contemplated by regulators. But new requirements appear unavoidable given recent regulatory trends.

Market Infrastructure

China-backed Derivatives Exchange APEX Set for Launch in Singapore

By Manesh Samtani | 21/05/2018

Asia Pacific Exchange will become Singapore’s third derivatives exchange, initially offering dollar-denominated and physically tradable palm olein futures starting 25 May.

Fintech / Regtech

MAS Eyes Greater Financial Sector Resilience to Cyber Threats

By Manesh Samtani | 21/05/2018

Consultation to be issued “soon” on raising cyber resilience at financial institutions in Singapore; rules to include internal controls, independent reviews, authentication practices.

Securities / Derivatives

Hong Kong Allows Corporate Setup for Investment Funds

By JP Reimann | 18/05/2018

SFC’s new open-ended fund company (OFC) regime will allow investment funds to set up under corporate structures starting from 30 July 2018.