Capital / Liquidity

Bangladesh Bank Raises Leverage Ratio Requirement

22/08/2021

A higher leverage ratio will help banks reduce import costs, increase quality capital, and enhance their ability of banks to absorb riskes, Bangladesh Bank said.

Securities / Derivatives

Taiwan FSC Eases Rules for Overseas Branches of Securities Firms

22/08/2021

Securities firms will be allowed to offer foreign currency custody services at overseas branches with a net value of TWD 4 billion, compared to TWD 10 billion previously.

Market Infrastructure

BSP Relaxes Rules on FX Trade Approval for Banks

22/08/2021

Banks can sell FX without prior BSP approval if they will be used for activities such as online e-commerce payments, certain imports of goods, and fee payments.

Securities / Derivatives

Philippine SEC Issues Final Guidelines for ASEAN CIS Framework

22/08/2021

In May, the Philippines became the fourth signatory to the ASEAN CIS Framework for cross-border funds after Malaysia, Singapore and Thailand.

Securities / Derivatives

India Pilots New Gift City Bullion Exchange

20/08/2021

The International Bullion Exchange will be the ‘gateway for bullion imports into India’, the finance ministry said in a statement.

Market Infrastructure

HKEX Set to Launch A-share Index Futures in October

20/08/2021

The SFC approved HKEX’s launch of the new futures contract on Friday, calling it a major milestone for Hong Kong’s capital markets.

Market Infrastructure

Taiwan to Retain Day Trading Tax Cut After Expiry

20/08/2021

Three governmental agencies have agreed to extend the transaction tax cut for day trading after it expires at year-end.

Fintech / Regtech

BSP Grants Digital Bank Licence to Gokongwei-Tyme Joint Venture

20/08/2021

The application window for the submission of applications from new digital banks, including converting banks, will close on 31 August​ 2021.

Securities / Derivatives

SGX Mulls Lower Market Cap Requirement for SPAC Listings

19/08/2021

SGX is reportedly considering reducing the proposed minimum market cap requirement from S$300mn proposed in its consultation to S$150mn.