Market Infrastructure

Bursa Malaysia to Operate on T+2 Settlement from 29 April

08/04/2019

Bursa Malaysia will migrate to T+2 settlement starting from 29 April, putting it in line with the financial markets of developed countries.

Securities / Derivatives

Bangladesh Exchanges Lobby for Lower Taxes to Spur Capital Market

08/04/2019

The Dhaka and Chittagong stock exchanges have asked for tax cuts on dividends, bonds, stock transactions, and their own income, in a bid to catalyse Bangladesh’s capital markets.

Capital / Liquidity

RBI Defers Mandatory Pegging of Loan Rates to External Benchmarks

08/04/2019

The RBI has deferred a requirement for banks to link loan rates to external benchmarks, citing difficulties the change presents to banks’ interest rate risk management.

Fintech / Regtech

Taiwan FSC to Launch New Trading Platform for STOs

08/04/2019

In new laws expected in June, the FSC will initially allow firms to offer STOs offering interest payments as with bonds, and prohibit companies from offering equity-like tokens.

Capital / Liquidity

China’s Henan Province Has an NPL Problem – Report

08/04/2019

Of Henan’s 93 commercial banks, 42 have high levels of nonperforming loans, a dozen of which reported an NPL ratio above 20%, ‘several’ as high as 40%.

Market Infrastructure

ASEAN Pushes for Cross-Border Settlement in Local Currencies

08/04/2019

ASEAN central bankers are setting up direct settlement systems that use local currencies, in a bid to reduce transaction costs and exposures to global volatility.

Securities / Derivatives

RBI to Allow Non-Residents to Trade Interest Rate Derivatives

07/04/2019

Under draft rules, non-resident retail investors can hedge through interest rate derivatives; non-retail investors can participate for other specified purposes.

Securities / Derivatives

Over 40 IPO Applicants Accepted for Shanghai’s New Board

07/04/2019

Of the 50 listing applicants so far, 41 have been accepted and will have to through a second stage of audit and inquiry. The other 9 have been sent inquiry letters.

Securities / Derivatives

Merger Benefits Diminished Under Existing JPX-TOCOM Plan

07/04/2019

The current plan to keep crude oil and petroleum products on TOCOM will diminish the benefits of the planned merger with JPX.