Securities / Derivatives

Splitting Chairman, MD, CEO Roles No Longer Mandatory: SEBI

17/02/2022

Only 54 percent of the listed companies in scope had complied with the rule as of end-2021, so it will instead become voluntary.

Fintech / Regtech

Applications Open for ‘Data Specialising Institutions’ Designation: FSS

16/02/2022

Data specialising institutions are allowed to converge anonymised and pseudonymised data originating from different businesses for analytics purposes.

Fintech / Regtech

IMF Paper Offers Insights from Six CBDC Pioneer Projects

15/02/2022

A new IMF paper offers lessons on CBDCs drawn from ongoing projects in China, the Bahamas, Sweden, Uruguay, Canada and the ECCU.

AML / KYC

MAS Tables Bill to Obtain Enhanced Regulatory Powers

15/02/2022

The Financial Services and Markets Bill will give MAS enhanced regulatory powers to address misconduct, crypto asset and technology risks.

Securities / Derivatives

Thailand SEC Proposes Revisions to Private Placement Rules

15/02/2022

The changes streamline filing processes for offerings of newly issued shares through private placements, while bolstering investor protections.

Big Picture

Capital Controls Slowing Down Cross-Border Payments: CPMI

13/02/2022

Using SWIFT gpi datasets, CPMI identified capital controls, longer bank offline hours, and batch processing as factors that slow down cross-border payments.

Market Infrastructure

HK Clearinghouses Ask Participants to Review Operational Procedures

13/02/2022

Participants are warned that failure to adhere to the settlement timelines stipulated by the clearinghouses would constitute an event of default, which could result in disciplinary actions.

Securities / Derivatives

SEBI Directs Fund Managers to Constitute Audit Committees

12/02/2022

AMC audit committees will have obligations to review findings of suspected fraud, irregularities, internal control failures, and other issues highlighted by whistleblowers.

Big Picture

Banks with Shadow Loans Face Higher Funding Costs

10/02/2022

A new BIS paper finds that banks with high shadow loans face higher funding costs in the wholesale market and witness lower returns during market stress.