Securities / Derivatives

NSE India Granted Approval for Crude Oil, NatGas Options

12/09/2023

NSE India already launched rupee-denominated WTI crude oil and natural gas futures contracts in May 2023. The new options contracts will launch on 23 October.

Taiwan Proposes Rule Changes to Ease Foreign Bank Access

12/09/2023

Banks ranked in the global top 50 would be subject to looser restrictions for setting up financial asset management units in Taiwan.

Securities / Derivatives

Singapore Exchange Reorganises Capital Markets Business Units

12/09/2023

The debt capital market and corporate client coverage units have been folded into SGX’s equity capital markets division.

Capital / Liquidity

BCBS Completes Stocktake of Lessons from March Banking Turmoil

12/09/2023

The BCBS will prioritise work to strengthen supervisory effectiveness and analyse whether specific Basel III features performed as intended.

China Tightens Approval Process for Large USD Purchases

12/09/2023

Companies seeking to purchase $50mn or more in dollars will now need approval from the PBOC, which is trying to stabilise the yuan.

China Establishes Communication Platform for Belt-and-Road Regulators

12/09/2023

The new communication platform was developed to enhance cross-border regulatory cooperation between countries participating in the “Belt and Road” initiative.

Fintech / Regtech

BIS, CBUAE Jointly Launch Sustainable Finance TechSprint

12/09/2023

The Techsprint is developed by CBUAE, alongside the COP28 Presidency, the Emirates Institute of Finance and the BIS.

Capital / Liquidity

APRA to Amend Counterparty Credit Risk Reporting Standard

11/09/2023

The amendments will remove the applicability of ARS 180.0 to non-significant financial institutions as they are smaller and less complex.

Sanctions

FinCEN Sheds Light on Cases of Export Control Evasion

11/09/2023

SAR filings reveal that a network of China- and Hong Kong-based entities may be providing support to Russia’s military and/or defense industrial base.