Securities / Derivatives

China Directs Local Gov’ts to Allow Bond Underwriting by Foreign Banks

07/01/2020

Local governments have been told to revise their procedures and remove restrictions to allow foreign-invested banks to participate in bond underwriting syndicates.

Securities / Derivatives

Taiwan Easing Rules to Encourage More Domestic Investment

07/01/2020

In March, the FSC will announce which banks qualify to issue new structured note products, after the regulator eased regulations on the investment targets they can be linked to.

BSP Revises Disqualification Rules for Bank Directors, Officers

07/01/2020

Bankers can be disqualified and placed on a watchlist for causing undue injury, material loss or damage to a bank, or for exposing it to higher risk or danger.

Securities / Derivatives

CFETS to Launch Interest Rate Options Pilot in February

07/01/2020

Market participants must demonstrate adequate internal operating procedures and risk management systems are in place, and apply by 7 February to become interest rate option market trading members.

Market Infrastructure

UPDATED – 21 Digital Bank Licence Applications Received: MAS

07/01/2020

MAS will announce the successful applicants in June 2020. The new digital bank licencees will be expected to commence business by mid-2021.

Securities / Derivatives

HKEX Chief Lays Out Vision for Decade Ahead

07/01/2020

Charles Li says HKEX will leverage the disruptive power of technology to enhance connectivity between China and the rest of the world in stock, bond and commodity markets.

Securities / Derivatives

RBI Expands Scope of Currency Derivatives Reporting Regime

07/01/2020

To date, the reporting framework only required banks to report currency derivatives transactions worth over $1mn. All transactions below this threshold now have to be reported.

Securities / Derivatives

PBOC Clarifies Handling of Defaulted Interbank Bonds on Maturity

07/01/2020

The clarification is aimed at improving the disposal mechanism for interbank bonds that have defaulted on maturity or have matured early due to legal reasons such as bankruptcy.

Philippines Adopts Guidelines for Bank Reporting of Intraday Liquidity

07/01/2020

Universal banks, commercial banks and their subsidiary thrift banks and quasi-banks are required to submit the ‘report on intraday liquidity’ by end-June 2021, and every month thereafter.