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Capital / Liquidity
HSBC’s Historical and Regulatory Dilemma Exposed
By Peter Guy | 25/06/2020
Financial markets are still reeling from the regulatory implications of HSBC’s support for China’s national security law in Hong Kong, says Peter Guy.
Market Infrastructure
CBDCs Could Amount to ‘Sea Change’ for Payments: BIS
By Manesh Samtani | 24/06/2020
Covid-19 has highlighted unequal access to payment services for low-income and vulnerable groups. CBDCs present an opportunity to address this shortcoming.
Market Infrastructure
BOT Directs Banks to Suspend Dividends, Share Buybacks
By Editors | 24/06/2020
Commercial banks are asked to draw up new capital management plans for the next 1-3 years, taking into account expected economic and business trends following the pandemic.
Market Infrastructure
ASEAN+3 Strengthens Regional Emergency Liquidity Programme
By Editors | 24/06/2020
The 2010 crisis liquidity programme has been revised to reinforce financial support, create additional flexibility, and introduce conditionality.
Market Infrastructure
UK to Grant FCA Additional Powers to Facilitate LIBOR Retirement
By Editors | 23/06/2020
Legislative amendments will empower the FCA to prohibit or limit the use of LIBOR, or to direct a change in its methodology, to address the issue of ‘tough legacy’ contracts.
AML / KYC
India to Restrict Foreign Ownership of Pension Funds
By Editors | 23/06/2020
Under draft rules, government approval will be required for investment in an Indian pension fund from land-border countries including China; a 49% cap is proposed for other foreign investors.
Market Infrastructure
CBIRC Allows AIA to Incorporate as Wholly-owned Subsidiary in China
By Editors | 22/06/2020
The new subsidiary will become the first wholly foreign-owned life insurance company approved for incorporation in mainland China.
Market Infrastructure
What CSDR’s Settlement Discipline Regime Means for Asia’s Buy-side
By Matt Johnson | 22/06/2020
CSDR’s Settlement Discipline Regime could expose Asian firms to settlement failure penalties on their trades with EU counterparties, writes DTCC’s Matt Johnson.
Market Infrastructure
CSRC to Further Promote Shanghai as International Financial Centre
By Editors | 22/06/2020
The pace of opening up China’s capital market has further accelerated, in spite of the Covid-19 pandemic, CSRC chairman Yi Huiman said at the 12th Lujiazui Forum in Shanghai on Thursday.
ESG / Sustainability
HKMA Publishes Banking Sector Talent Gap Findings
By Editors | 18/06/2020
Key skill gaps in the banking workforce were identified in areas relating to technology and data, cybersecurity, core banking knowledge, regulation and compliance, and climate risk management.
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