Only two Hong Kong-listed stocks have sufficient EU volume to comply with MiFIR trading obligations.
The agreement will strengthen cross-border investor protection and assist financial institutions with cross-border bond issuance.
Gross NPAs and asset quality likely to worsen until September 2018 even as capital flows into equity and debt markets remain elevated.
Six months forbearance to be allowed for obtaining LEI codes from clients, non-EU issuers of financial instruments.
Extensive consultation also proposes to expand risk mitigation requirements to ‘all licensed corporations’, rejects idea of regulatory threshold.
Banks using internal ratings for credit risk under Basel guidelines will be allowed to have commodities as physical collateral.
Consultation covers raising of minimum capital requirement to HKD10 million, introduction of derivatives use by public funds with enhanced safeguards.
SZSE and LSX to share information, personnel, technology, expertise; financial infrastructure connectivity to facilitate cross-border 'economic corridor'.
Government has made abrupt about turn to legitimize cryptocurrencies by bringing them under greater regulatory purview.
DTCC report says cyber risk continues to be seen as greatest threat, but many firms now see geopolitical issues as one of the five biggest concerns.