Securities / Derivatives

China’s SAFE Awards $10.3bn Worth of New QDII Quotas

04/06/2021

The new quotas, awarded to 17 institutions, represent the largest approval by SAFE in the history of the QDII scheme.

Securities / Derivatives

SEBI Raises Overseas Investment Limits for Mutual Funds

03/06/2021

The overseas investment limit was raised from $600mn to $1bn. For investments in overseas ETFs, the limit was raised from $200mn to $300mn.

Capital / Liquidity

HKMA Issues Guidance on Counterparty Credit Risk Framework

03/06/2021

The guidance is aimed at facilitating consistent interpretation and application of the capital requirements under the BCR as amended in April.

Securities / Derivatives

Philippine SEC Issues Draft Guidelines for ASEAN CIS Framework

03/06/2021

The draft guidelines will operationalise the supplemental MOU signed last month to admit the Philippines to the ASEAN CIS framework.

Market Infrastructure

FSB, IOSCO Issue Statements in Support of Smooth LIBOR Transition

02/06/2021

The FSB warns against waiting for the development of forward-looking term RFRs. IOSCO urges market participants to stop issuing new LIBOR products.

Capital / Liquidity

FSC Korea Expected to Lift Bank Dividend Cap in June

02/06/2021

Despite criticism from investors, most banks adopt a 20 percent cap on dividends, as recommended by the FSC in January.

Enforcement

RBI Penalises HDFC Over Sale of Non-financial Products

02/06/2021

HDFC violated rules that prohibit banks from entering into any business unrelated to financial services.

Market Infrastructure

IHS Markit Starts Publishing New Credit-sensitive Rates

02/06/2021

The new rates are aimed at helping to facilitate the transition away from LIBOR for firms that want a term rate with credit sensitivity.

Securities / Derivatives

Japan Considers Allowing SPAC Listings – Report

02/06/2021

Japan may allow SPAC listings on its markets as part of its growth strategy as early as next year.