Trading & Investment

HKEX Proposes Changes to Pre-Open Session, Volatility Controls

19/08/2019

The proposals aim to improve market liquidity and global competitiveness of the Hong Kong market, HKEX says in a new consultation paper.

Trading & Investment

Malaysia Liberalises FX Hedging Framework

19/08/2019

The policy move is aimed at providing greater flexibility and efficiency in foreign exchange risk management and business operations.

Structural Regulation

FMA Consults on Exemptions for New Financial Advice Regime

19/08/2019

The FMA considers that it may be useful to continue existing exemption relief for Australian licensees and advisers already meeting ASIC requirements.

Liquidity Risk

Respondents ‘Broadly Supportive’ of New RMBS Framework: RBNZ

16/08/2019

The RBNZ says submissions to its November consultation were broadly supportive of the proposed new standard for mortgage bonds – the RMO framework.

Clearing & Post-Trade

CSDC Consults on Draft Clearing, Settlement Rules

16/08/2019

The rules cover financial resources management and multilateral netting, specifying how the CSDC will handle defaults from settlement participants.

Supervision & Enforcement

SFC Fines Sincere Securities for Internal Control Failings

16/08/2019

The SFC and an independent reviewer identified deficiencies across 14 areas of Sincere Securities’ business operations and internal controls, resulting in a fine of HK$5mn.

Anti-Money Laundering

Singapore Crypto Sector Consults on AML/CFT Code of Practice

15/08/2019

The code was facilitated by MAS and developed in consultation with ABS by ACCESS, the Association of Cryptocurrency Enterprises and Start-ups, Singapore.

Trading & Investment

Shanghai to Allow Multinational Firm Employees to Trade A-Shares

15/08/2019

The initiative is aimed at encouraging more multinational companies to set up their regional headquarters in Shanghai, which seeks status as a global financial centre.

Market Risk

APRA Consults on Adjusted Schedule for Initial Margin Rules

15/08/2019

APRA is consulting on changes to the implementation schedule for initial margin requirements in Australia, in line with the one-year phased extension granted by BCBS and IOSCO last month.