Structural Regulation

SET Unveils Three Pillar Growth Strategy for 2020

21/01/2020

The SET will look to set up trading links with Cambodia, Laos, Myanmar and Vietnam this year, expecting much of its growth to be driven by offshore-related investment products and IPOs.

Emerging Prudential Risks

BNM Sets Out Expectations for Developmental Financial Institutions

21/01/2020

BNM has set out its expectations for DFIs’ business plans and funding requirements, to enable them to achieve greater developmental outcomes and support the private sector.

Trading & Investment

Philippine Regulators Ease REITs Rules with New Framework

21/01/2020

The new rules remove stringent tax and minimum public ownership requirements under a 2009 law that prevented the rise of REITs in the Philippine capital market.

Structural Regulation

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.

Credit Risk

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.

Market Abuse

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.

Operational Risk

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.

Emerging Prudential Risks

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.

CBDCs

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.