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BIS Innovation Hub, HKMA Announce TechChallenge Winners

By Editors | 02/11/2020

The winning proposals hold ‘great potential’ for addressing some long-standing pain points of the global trade finance business, said the HKMA’s Edmond Lau.

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FSC Korea Designates KFTC to Manage P2P Financing Data

By Sanday Chongo Kabange | 26/10/2020

The Korea Financial Telecommunications and Clearings Institute will start operating a central registry for P2P transaction data from 1 May 2021.

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Australia Passes Law to Allow Employees to Choose Super Fund

By Sanday Chongo Kabange | 04/09/2020

The bill will allow Australians to choose their own superannuation fund instead of being forced to invest in mandatory superannuation funds offered by their employers.

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New US Exchange MEMX Postpones Launch for Additional Testing

By Sanday Chongo Kabange | 03/09/2020

Wall Street-backed MEMX will begin trading in six symbols on 21 September before trading all National Market System stocks on 29 September.

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KPMG Cites Concerns Over ‘Questionable’ ZenRock Transactions

By Editors | 14/07/2020

KPMG was appointed as ZenRock’s interim judicial manager in May amid allegations from HSBC that the company engaged in “dishonest transactions”.

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HKEX Launches First Tranche of MSCI Futures Contracts

By Editors | 06/07/2020

HKEX has launched ten new index futures contracts, part of its new licensing agreement with MSCI announced in May.

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ISDA Publishes Final Report on Pre-cessation Fallbacks for LIBOR

By Editors | 15/05/2020

ISDA expects to publish amendments to the 2006 ISDA Definitions to incorporate the fallbacks for new trades in July, along with a protocol to allow participants to incorporate the revisions into legacy trades.

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SEBI Eases Buyback Rules to Enable ‘Quicker Access to Capital’

By Editors | 26/04/2020

Listed companies can raise additional capital after six months from the expiring of the buyback period, compared to one year previously.

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PBOC to Help Fund Bailout of Another Regional Lender

By Editors | 13/04/2020

Bank of Gansu, a Chinese regional lender listed in Hong Kong, will reportedly receive a capital injection from the Gansu provincial government, supported by the PBOC.