MARKET INFRASTRUCTURE

Capital / Liquidity

Singapore Proposes Liquidity Risk Management Rules for Fund Managers

By Samuel Riding | 30/10/2017

MMFs will face more enforceable requirements than other portfolios, including rules on average maturity, 1-day/5-day redemption.

Market Infrastructure

Indonesia, Vietnam Join Virtual Currency Clampdown

By Editors | 30/10/2017

Indonesian central bank says ‘financial innovation’ requires pre-approval; State Bank of Vietnam to pass law outlawing virtual currencies next year.

AML / KYC

Guangdong, HK to Boost Financial Cooperation

By Editors | 30/10/2017

Governments to relax restrictions on cross-border business operations and boost RMB flows; cooperate further on fintech and green finance.

Market Infrastructure

Japanese Banks Overstaffed, Over-branched Amid Declining Profitability – BOJ

By Editors | 25/10/2017

Central banks also points to potential systemic risk from ‘common exposure’ as competition to lend money intensifies.

Market Infrastructure

Hong Kong Extends After-hours Index Futures Trading

By Editors | 23/10/2017

From 6 November, trading in mini and full versions of HSI and HSCEI index futures will be extended to 1am Hong Kong time.

Enforcement

New Zealand Exempts Personalised Robo-advice from Licensing Regime

By Editors | 19/10/2017

Providers still need to be pre-approved to offer financial advice; new rules formalising licensing of robo-advice per se expected in 2019.

Market Infrastructure

10,000 Individuals Register Under Hong Kong MIC Regime

By Editors | 19/10/2017

About 40% of individuals to have registered under MIC so far are unlicensed as they are in charge of operations or control functions, SFC says.

Capital / Liquidity

ASEAN Integration Framework on Course for Completion by 2020

By Editors | 19/10/2017

Banking integration framework will allow cross-border operation by lenders from 10 Southeast Asian nations, BSP official confirms.

Capital / Liquidity

HK Legco to Consider Recovery Planning, Large Exposures Bill

By Editors | 19/10/2017

Banking Ordinance already includes resolution, but not recovery, requirements; HKMA to retain ‘general power’ on exposure limits.