Garima Chitkara
Garima is a former contributor to Regulation Asia, focusing on Asian capital markets and banking, financial regulation, market structure, risk management and derivatives. garima@regulationasia.com
Articles by Garima Chitkara
Structural Regulation
China Tightens Rules on Offshore Operations of Brokerages, Funds
01/10/2018
Brokerages and fund houses should ensure a “concise and transparent” network of overseas subsidiaries and ensure foreign units focus on the core business and not conduct any non-financial business.
Market Abuse
RBI Consults On Market Abuse Prevention Rules
01/10/2018
The draft guidelines will ban price manipulation in any financial instrument or benchmark rate and require market participants to put in place internal policies to monitor for market abuse.
Payments & Settlements
UPDATED – SBI-Ripple JV Receives E-Payments Regulatory Approval
28/09/2018
In Japan, SBI Ripple Asia’s new MoneyTap app will enable real time payments through bank accounts, phone numbers and QR codes.
Supervision & Enforcement
AUSTRAC Strengthens Cooperation with FinCEN
28/09/2018
Agencies in both countries will share information on terrorist financing and serious financial crime under a regulatory MoU.
Liquidity Risk
India’s Regulators Attempt to Calm Credit Market Jitters
26/09/2018
RBI, SEBI and the Indian government assured markets they will step in to fill any NBFC liquidity gaps after a recent default by an infrastructure financing firm.
Payments & Settlements
Australia Consults on Regulatory Framework for Stored Value Facilities
26/09/2018
Regulators considering a tiered approach, whereby facilities providers with larger amounts of stored value would be subjected to higher regulatory requirements.
Trading & Investment
China Allows Direct Stock Investment with WMP Funds
24/09/2018
The move is aimed at increasing investment into Chinese equities even as regulators take steps to reduce the risk posed by such products to bank balance sheets.
Sustainable Finance
Hong Kong Lays Out Road Map for Green Finance Development
24/09/2018
The SFC will require better environmental and climate risk disclosures by listed companies and asset managers, and will work with HKEX to promote green financial products.
Anti-Bribery & Corruption
China Details Penalties for Bond Underwriting Kickbacks
21/09/2018
The CSRC will ban or impose penalties on firms engaging that help companies with low creditworthiness issue debt in exchange for under-the-table payments.
Trading & Investment
India Allows Foreign Investment In Commodity Derivatives
20/09/2018
Foreign investors with direct exposure to commodities can trade commodity derivatives in India. BSE and NSE to start offering commodity derivatives from 1 October.
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