Structural Regulation

CSRC Issues New Rules for Overseas IPOs by Mainland Firms

20/02/2023

The rules allow companies to choose an overseas listing destination for their IPOs, but require them to first register the intention with the CSRC, which will vet the applications.

Trading & Investment

RBI Issues Draft Rules Permitting G-Sec Borrowing & Lending

20/02/2023

Entities that are permitted to engage in short selling are eligible to borrow securities under a GSL transaction, which may be a tenor of up to 90 days.

Capital Adequacy

China Drafts Revised Capital Management Rules for Banks

20/02/2023

The new rules propose to classify banks into three categories based on their business scale and risk levels and treat them differently based on their classification.

Reporting & Disclosures

Korean Draft Law to Introduce Fines for Greenwashing

20/02/2023

The Ministry of Environment will fine companies up to KRW 3 million for misleading or false sustainability claims.

Market Risk

RBI Issues Draft Guidelines on Market Risk Capital Requirements

20/02/2023

The draft guidelines are open for comment until 15 April 2023. The RBI intends for the guidelines to come into effect from 1 April 2024.

Market Data & Technology

Industry Bodies Open Common Domain Model on FINOS Platform

20/02/2023

The open-source CDM is now fully integrated into the FINOS project landscape, which will open up opportunities for open collaboration between market participants.

Trading & Investment

Marketnode, NowCM Join Forces to Digitalise APAC Debt Markets

20/02/2023

SGX’s Lee Beng Hong said the new digital service will enhance bond issuance efficiency and streamline processes for dealing with regulators, lawyers and listing agents.

DeFi & Web3

GBBC Digital Finance Joins IOSCO as Affiliate Member

20/02/2023

GBBC Digital Finance will this year prioritising work to construct a DeFi education and engagement platform.

Credit Risk

FSB Calls for Research on Post-GFC Securitisation Reforms

20/02/2023

The FSB is seeking academic papers that examine the extent to which securitisation operates on a sound and sustainable basis and provides appropriate alignment of incentives.