Securities / Derivatives

China Clarifies Treatment of CDR Proceeds for Foreign Issuers

30/05/2019

New rules from the PBOC and SAFE give freedom to CDR issuers to elect whether to keep the proceeds in China or send them abroad.

Capital / Liquidity

Bangladesh Imposes Limits on Bank Exposures to Non-Listed Securities

30/05/2019

The move comes just after the central bank allowed banks to exclude investments in non-listed securities from their capital market exposure calculations.

Capital / Liquidity

Vietnam Banks Allowed to Retain Dividends to Boost Capital

30/05/2019

State-owned banks will be allowed to retain dividends or pay them in shares to help them meet Basel II capital adequacy requirements by January 2020.

Securities / Derivatives

Thailand Looks to Ease Listing Rules for SMEs

30/05/2019

Revising the listing rules will be a key agenda item at a 1 June meeting between the SEC and SET, as the current rules may be too restrictive for SMEs.

Market Infrastructure

Philippines Revises Framework Governing Bank Auditors

29/05/2019

The revised framework lays out criteria for banks to select external auditors as well as key guidelines for auditors in their assessment of banks.

Enforcement

Japan FSA Takes Action Against Nomura Over Information Leak

29/05/2019

The FSA has issued a number of business improvement orders to Nomura after it was revealed that its employees had shared sensitive stock market information with clients.

Market Infrastructure

Indonesia Unveils Payment System Roadmap, Launches QR Code System

29/05/2019

Bank Indonesia’s roadmap for the payments system includes plans for open banking, real-time retail payments and a digital ID system.

Securities / Derivatives

SEBI Issues Disclosure Guidelines for Listed Debt Securities

29/05/2019

SEBI requires debenture trustees to continuously disclose the status of interest and redemption payments, meaning that any default or delay of payment will be disclosed within a day of the due date.

Market Infrastructure

ISDA Proposes Further Definition Changes to Improve CDS Market

29/05/2019

The new proposal will amend the definition of “Outstanding Principal Balance”, which determines the principal amount of a bond or loan that must be delivered to physically settle a CDS contract.