Securities / Derivatives

SEBI Mandates Additional Disclosures for Debt Securities

21/01/2020

Under the new format, listed companies need to disclose deviations in the use of debt issuance proceeds from the objects stated in their offer documents.

Capital / Liquidity

HK Banks Pledge Continued Leniency for SME Borrowers

21/01/2020

At the second meeting of the Banking Sector SME Lending Coordination Mechanism, established in October, banks agreed to a number of additional measures to aid SME borrowers.

Enforcement

CSRC Lifts Citadel Securities’ 4-Year Trading Suspension

21/01/2020

Citadel Securities has agreed to pay almost $100mn to settle charges that its algorithmic trading disrupted the market during the 2015 market correction.

Securities / Derivatives

SFC Offers Brokers, Fund Managers Guidance on Risk Governance

21/01/2020

Senior management, including the board, responsible officers and MICs will be held accountable for the overall risk management control of their firms.

Big Picture

Moody’s Downgrades Hong Kong, Citing Lack of Response to Unrest

21/01/2020

The absence of an effective response by Hong Kong’s government to address the concerns of the population indicate weaker institutional and governance strength.

Fintech / Regtech

Former CFTC Chair Launches Digital Dollar Project with Accenture

20/01/2020

The Digital Dollar Project is a multi-stakeholder initiative to explore options for creating a US dollar CBDC, which would coexist with other Federal Reserve liabilities.

Myanmar to Issue New Licences to Foreign Banks

20/01/2020

Foreign banks that have had a representative office in Myanmar for at least three years can apply for a branch licence or a subsidiary licence.

SEBI Proposes Stricter Rules for Investment Advisers

20/01/2020

The rules include higher net worth requirements, caps on advice fees, and client level segregation of investment advice from product distribution.

RBI Issues Operational Guidance for UCB Large Exposure Reporting

20/01/2020

Large urban cooperative banks have to report exposures over 50mn rupees to a central repository within one month from the end of each quarter.