Market Infrastructure

Thailand Moves to Transaction-based Calculation for THBFIX

04/03/2019

The “more credible” transactions-based approach will improve transparency and reduce risks of manipulation, and is in line with the IOSCO Principles for Financial Benchmarks, the BOT said.

Big Picture

S&P Upgrades Philippine Banking System Following New BSP Charter

04/03/2019

The new charter bolsters the BSP’s powers to exercise its core mandate of promoting a sound financial system and address risks arising from the financial system’s interconnectedness.

Securities / Derivatives

China Finalises Rules for Shanghai’s New Tech Board

04/03/2019

The CSRC has scrapped limits on first day gains of new IPOs, and will allow daily price fluctuations up to 20%. But, same day buying and selling of listed companies will be restricted.

Capital / Liquidity

APRA Unveils 2019 Policy Agenda in New Paper

03/03/2019

Much of the focus will be on lifting industry standards on governance, remuneration, and the management of non-financial risks, said APRA chair Wayne Byres.

Fintech / Regtech

India Tech Startups Lobby for Dual-Class Share Structures

01/03/2019

A lobby group for startups in India is urging the government to change the criteria for shares with differential voting rights to allow founders and promoters to better safeguard their ownership control.

Enforcement

ABA to Amend Code of Practice to Implement Hayne Recommendations

01/03/2019

The Australian Banking Association will implement 7 Royal Commission recommendations through amendments to the Banking Code of Practice.

Fintech / Regtech

IMAS Launches Accelerator Programme for Asset Management Industry

01/03/2019

The Digital Accelerator Programme will allow fintech startups to work with professional mentors from asset management firms to create viable solutions for industry challenges.

Market Infrastructure

RBI Proposes Overhaul of Bank Executive Compensation Norms

28/02/2019

The proposals include a minimum 50% variable component, a compulsory deferral mechanism, and clawback provisions to ensure compensation reflects performance.

Enforcement

Hong Kong Court Dismisses Short Seller’s Trading Ban Appeal

28/02/2019

The Court dismissed an appeal from short seller Andrew Left to overturn a 2016 ruling banning him from trading in Hong Kong for five years after he published a report containing false information.