Mandatory clearing to apply to SGD and USD fixed-floating interest rate swaps; applicable to banks with OTC derivatives exceeding SGD20 bn.
New rules include leverage limits, a ban on implicit guarantees, risk reserve provisioning amounting to 10% of management fees; transition period for full compliance to last until end-2020.
Extension to give listed companies more time to provide data to depositories on foreign investment; data to enable daily calculation of foreign investment in listed companies.
Hong Kong legislation enables authorities to achieve orderly resolution in the event of a bank failure and provides clarity on the effect on depositors and other creditors.
SZSE and SSE have strengthened rules for member firms on monitoring key accounts for abnormal trading and market manipulation.
CSRC says rental asset-backed REITs will allow property developers to raise funds, reduce leverage and diversify investment options.
BSE and NSE have launched online platforms for retail investors to participate in weekly RBI auctions for government securities and treasury bills.
Industry veteran Laura Cha is first female chairman for a two-year term, subject to approval by chief executive Carrie Lam.
The CSRC has allowed certain types of Hong Kong brokerages to sell locally-focused research to Chinese mainland investors as it looks to further integrate the two markets.
Central bank says many online lending firms are not licensed, making the loans illegal.