Trading & Investment

SEBI Raises Overseas Investment Limits for Mutual Funds

03/06/2021

The overseas investment limit was raised from $600mn to $1bn. For investments in overseas ETFs, the limit was raised from $200mn to $300mn.

Credit Risk

HKMA Issues Guidance on Counterparty Credit Risk Framework

03/06/2021

The guidance is aimed at facilitating consistent interpretation and application of the capital requirements under the BCR as amended in April.

Structural Regulation

Philippine SEC Issues Draft Guidelines for ASEAN CIS Framework

03/06/2021

The draft guidelines will operationalise the supplemental MOU signed last month to admit the Philippines to the ASEAN CIS framework.

Structural Regulation

FSB, IOSCO Issue Statements in Support of Smooth LIBOR Transition

02/06/2021

The FSB warns against waiting for the development of forward-looking term RFRs. IOSCO urges market participants to stop issuing new LIBOR products.

Capital Adequacy

FSC Korea Expected to Lift Bank Dividend Cap in June

02/06/2021

Despite criticism from investors, most banks adopt a 20 percent cap on dividends, as recommended by the FSC in January.

Conduct, Culture & Accountability

RBI Penalises HDFC Over Sale of Non-financial Products

02/06/2021

HDFC violated rules that prohibit banks from entering into any business unrelated to financial services.

Market Data & Technology

IHS Markit Starts Publishing New Credit-sensitive Rates

02/06/2021

The new rates are aimed at helping to facilitate the transition away from LIBOR for firms that want a term rate with credit sensitivity.

Structural Regulation

Japan Considers Allowing SPAC Listings – Report

02/06/2021

Japan may allow SPAC listings on its markets as part of its growth strategy as early as next year.

Capital Adequacy

APRA Sets Out Timeline for Finalisation of Capital Reforms

02/06/2021

The final prudential standards will be released in November, the final prudential practice guides in Q2 2022, and the final version of the interim reporting standards in Q3 2022.