Posts By Editors, Regulation Asia
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477Big PictureCross-holdings Among Chinese FIs Raise Systemic Risk: S&P
A new report from S&P says insurers’ high exposure to banks and cross-holdings between banks could heighten systemic risk.
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441Australia & NZASIC to Initiate Legal Proceedings Against Banks Within “Weeks”
In addition to the 13 referrals from the royal commission, ASIC has been investigating “three times as many” case studies with a view to initiating legal proceedings in the new few weeks.
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514ChinaPBOC Approves Development of ‘Standardised Notes’
Standardised notes are tradable beneficiary certificates backed by a pool of commercial paper or bankers’ acceptances with similar maturities.
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426Australia & NZUnauthorised New Zealand Adviser Faces Lengthy Jail Term
A New Zealand court has reportedly convicted an unauthorised financial adviser of 38 charges relating to a long-running fraud which funded a lavish lifestyle of private jets and jewellery.
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463Capital RegulationCBIRC Urges Acceptance of IP Pledges as Loan Collateral
Financial institutions are encouraged to “actively carry out intellectual property pledge financing business” to provide greater support to innovative enterprises in their development.
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441EnforcementSFC, ICAC Formalise Cooperation Arrangement with MoU
The MoU covers case referrals, joint investigations, the exchange and use of information, mutual provision of investigative assistance, and capacity building.
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572Australia & NZAustralia Accelerates Post Royal Commission Reform
Under the government's implementation roadmap, close to 90% of its remaining commitments will be implemented by mid-2020, and legislation for the rest will be introduced by end-2020.
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899Australia & NZASX to Move Bank Bill Futures to Cash Settlement
It is widely believed that cash-settled contracts will increase trading activity and liquidity into and throughout expiry, and result in lower risk of failed settlement.
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483China
PBOC Reforms Interest Rate Setting Mechanism
The new market-oriented mechanism for calculating the Loan Prime Rate is expected to lower the cost of borrowing nationwide.
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586Capital RegulationHKMA Adjusts Initial Margin Implementation Schedule
The HKMA has adjusted its implementation schedule for the incoming requirements, taking into account the one-year phased extension announced by BCBS and IOSCO in July.
