Feature

RFR adoption jumped in August in Japan and Switzerland. The US and UK are seeing steady progress. ISDA chief Scott O'Malia says there is no room for complacency.

The funds expected to be raised by a SPAC from its initial offering must be at least HKD 1 billion. At least one SPAC promoter has to be an SFC licensed firm.

Chinese authorities may be preparing for a major restructuring of Evergrande's debt, as protesting investors demand repayment on overdue wealth management products.

The closure of almost 40 of Korea’s crypto exchanges would eliminate 42 so-called Kimchi coins and potentially result in $2.6bn in investor losses.

Only investors with experience and knowledge of investment products and a high level of assets can invest in primary and secondary markets for SMEs.

The guidelines will take effect on 30 September, except for the new cross-border correspondent relationships requirements, which take effect six months later.

Through the new linkage, Singapore and Thailand listed companies will be able to issue depository receipts in each other's markets.

MAS seeks feedback on draft provisions in Notice 637 relating to market risk capital and capital reporting requirements.

The HKMA said it supports the publication of the new information note, which sets out options to replace USD LIBOR with SOFR in loan contracts.

The initiative is part of the April 2019 bilateral arrangement between BNM and BOT under the ASEAN Banking Integration Framework.