A plan to launch a derivatives market in Myanmar is afoot, but an important step is to put in place an appropriate regulatory regime.
The HKMA circular follows last week's publication of new minimum capital requirements for market risk by the Basel Committee on Banking Supervision.
In a keynote address this week, HKMA executive director Alan Au discussed the three pillars of bank culture reform, progress at banks, and new initiatives to drive culture reform forward.
Based on a review initiated in 2017, the Basel Committee says its 2008 Principles for Sound Liquidity Risk Management Supervision remain fit for purpose, while warning of risks ahead.
SEBI's proposal seeks to allow SMEs, mutual funds, insurance companies and institutional investors to trade in commodity index futures.
The SET plans to apply for a licence to operate a new digital asset exchange, to be set up in collaboration with its members.
Bank of China's perpetual bond issuance is likely to see participation from foreign investors as China pushes to further open up its bond markets.
Crypto exchange operators are prohibited from accepting new clients and ongoing ICO projects must return all client funds, until the securities regulator is ready to formally authorise their activities.
Eligible domestic borrowers can borrow up to $750mn per year in foreign currency or rupees from any entity in a country which is FATF or IOSCO compliant.
SGX's adoption of SWIFT's CSD Community Offering for financial messaging is expected to reduce messaging costs by 50% for smaller market participants.