Structural Regulation

Australia Mulls Measures to Establish Regional Financial Hub

16/07/2020

Australian Senator Andrew Bragg wrote to Treasurer Josh Frydenberg suggesting reforms to capitalise on Hong Kong’s recent political changes.

Alternative Markets

UPDATED – China: State Council Releases Insurers from Equity Investment Limits

16/07/2020

A State Council decision paves the way for the implementation of CBIRC rules drafted in 2018 that would remove most limits on the equity sectors in which insurers can invest.

Sustainable Finance

The Role of Derivatives Markets in Sustainable Finance

16/07/2020

The derivatives market can contribute in the transition towards a low-carbon economy, due its ability to facilitate capital-raising via the hedging of risks related to sustainable investments.

Trading & Investment

China Issues Authoritative Guidance on Handling Bond Disputes

16/07/2020

In disputes involving breach of contract, fraud or false statements – the issuer, its controlling shareholders, directors, and senior management will be held liable for bondholder losses.

AI Risk & Governance

FSC Korea Kicks Off Working Group on Artificial Intelligence

16/07/2020

The working group will seek to promote the use of artificial intelligence in financial services as part of the government’s ‘New Deal’ policy initiative.

Data Privacy

OCBC Enables Banking Access Via SingPass Digital Identity

16/07/2020

OCBC’s Aditya Gupta says the use of SingPass as an alternate login for mobile and online banking will give more customers the confidence to bank digitally.

Trading & Investment

BSP to Promote Inclusion by Lowering Investment Account Minimum

15/07/2020

The BSP is considering lowering minimum amount a client must maintain in an investment account from ₱1mn to ₱100,000.

Liquidity Risk

CSRC to Introduce Side Pocket Mechanism for Funds

15/07/2020

The CSRC first issued draft guidelines in August 2019, saying it was “learning from liquidity risk management in overseas markets”.

Structural Regulation

FSDC Proposals to Advance Hong Kong as Family Office Hub

15/07/2020

The Financial Services Development Council has identified four areas where reform is needed to make Hong Kong a “more conducive operating environment” for family offices.