Securities / Derivatives

Manulife Granted Approval to Fully Own China Mutual Fund Business

22/11/2022

Manulife is the first foreign firm to receive approval to convert an existing joint venture into a wholly-owned fund management company.

Capital / Liquidity

FSB Publishes 2022 List of Global Systemically Important Banks

22/11/2022

Bank of America will have to meet a higher capital buffer requirement, while China Construction Bank and BNP Paribas will have to meet a lower buffer requirement.

Enforcement

Bursa Malaysia Punishes Two for Short-Selling Activities

22/11/2022

The two dealer’s representatives engaged in intra day short-selling activities in client accounts in 2020 when such activity was temporarily prohibited.

Securities / Derivatives

CBIRC Issues Rules for Banks Participating in Private Pension Business

22/11/2022

Banks with a net tier-1 capital of more than CNY 100 billion and that meet prudential regulatory requirements  can start personal pension business.

ESG / Sustainability

ISDA Analyses Regulatory Treatment of SLDs in Japan

21/11/2022

The paper considers how sustainability-linked derivatives would be classified and regulated in Japan.

Securities / Derivatives

HK Gazettes Bill to Promote Trading in Dual-Counter Stocks

21/11/2022

The bill, to be introduced for LegCo’s first reading on 30 November, will exempt market makers in dual-counter stocks from stamp duty.

Securities / Derivatives

China Regulators Ask Banks to Report on Liquidity – Report

21/11/2022

The queries were reportedly prompted by a sell-off in bonds which triggered investor withdrawals from wealth management products.

Market Infrastructure

China Optimises Bond Investment Rules to Lure Foreign Investors

21/11/2022

The rules are aimed at making it easier for foreign institutional investors to participate in China’s bond market.

Enforcement

US Court Sentences Theranos Founder Elizabeth Homes to Jail

21/11/2022

A California court sentenced Elizabeth Holmes to 11 years and three months in prison. She will also be required to pay restitution to investors.