Market Infrastructure

Singapore Leads Asia Pacific in Open Banking Readiness

01/11/2018

In APAC, Singapore is the most prepared for open banking, followed by Australia and Hong Kong, according to Finastra’s ‘Open Banking Readiness Index’.

Market Infrastructure

Hong Kong-UK Mutual Funds Recognition Hits a Snag

31/10/2018

A number of Hong Kong unit trusts are not eligible to be sold in the UK, where regulations require an independent trustee or custodian, according to a Fund Selector Asia report.

Capital / Liquidity

Changes to Address Bad Behaviour at Banks Will Improve Resilience – RBA

30/10/2018

Australian banks are more resilient following post-GFC reforms. But changes to address culture and conduct issues will increase resilience further, says RBA asst governor Michele Bullock.

Securities / Derivatives

S. Korea Scales Up Stabilisation Fund as Market Hits 22-Month Low

30/10/2018

The 500 billion won fund will start investing in the KOSDAQ from November. Separately, market participants will establish an emergency monitoring system to better respond to instability.

Securities / Derivatives

China Relaxes Rules on Stock Buybacks to Support Market

30/10/2018

Over 750 listed companies have since announced stock buybacks, including Ping An Insurance Group, which plans to buy back $15.8 billion of its outstanding shares.

Capital / Liquidity

More Progress Needed on Basel III Implementation – BCBS

29/10/2018

Basel Committee report shows limited progress in adoption of NSFR, SA-CCR, securitisation framework, and bank capital requirements for equity in funds.

Market Infrastructure

Shinzo Abe’s Beijing Visit Paves Way for Financial Sector Cooperation

29/10/2018

Forty years since the 1978 peace treaty marked by a series of MoUs between central banks, securities regulators, stock exchanges and industry bodies, among others.

Crypto / Digital Assets

Chinese Arbitration Court Protects Bitcoin as ‘Property’

29/10/2018

“Bitcoin has the nature of a property, which can be owned and controlled by parties, and is able to provide economic values and benefits,” the Court ruled.

AML / KYC

AUSTRAC Annual Report Highlights Increased Suspicious Matter Reporting

25/10/2018

A 70% increase in suspicious matter reporting over the previous year was partly attributed to the strong message sent by AUSTRAC’s A$700mn enforcement action against CBA.