MAS announces initiatives to strengthen cross-border Renminbi flows and commitment to collaborate on capital market connectivity between China and Singapore. The Monetary Authority of Singapore (MAS) announced key outcomes in financial cooperation that arose from a recent State Visit to Singapore by the President of the People’s Republic of China, Mr. Xi Jinping. The key initiatives included the strengthening of cross-border Renminbi (RMB) flows and a commitment to collaborate on capital market connectivity between China and Singapore. Three key initiatives were announced to further expand channels for cross-border RMB flows and enrich the ecosystem to support greater use of the RMB outside China. (11/9/2015) MAS press release.
SFC launches SFC Women’s Network. The Securities and Futures Commission (SFC) announced that it has established the SFC Women’s Network to enhance professional development and inspire women for leadership roles in the SFC. (11/5/2015). SFC press release.
FSA publishes its Policy Approaches to Strengthen Cyber Security in the Financial Sector. The Financial Services Agency (FSA) has published its “Policy Approaches to Strenghten Cyber Security in the Financial Sector.” (11/5/2015) FSA publication.
ASIC publishes changes to market integrity rules. The Australian Securities & Investments Commission (ASIC) published amendments to ASIC market integrity rules to ensure that warrants and exchange traded funds (ETFs) admitted to quotation on Chi-X Australia Pty Ltd’s new investment product market are subject to an appropriate regulatory regime. (10/30/2015) ASIC press release.
ASIC publishes results of new reviews of high-frequency trading and dark liquidity. ASIC released a report examining the impact of high-frequency trading on Australian equity and futures markets and dark liquidity on Australian equity markets. According to ASIC’s findings, financial market users have become better able to operate in an electronic and high-speed environment. (10/26/2015) ASIC press release.