Market Infrastructure

The CCDC has signed a memorandum of cooperation with the SHFE, ZCE, DCE, CFFEX, and Shanghai’s INE, building on previous efforts to enable the use of bonds as collateral for futures trading.

The scheme will enable residents of Hong Kong and other GBA cities to invest in wealth management products in each other’s market through their respective banking systems.

The discussion document sets out a proposed mandatory regime which seeks to ensure that material risks and opportunities are routinely considered in business and investment decisions.

Executive compensation should be at least 50% variable, and at least 60% of the variable pay must be deferred for at least three years, subject to malus/clawback arrangements.

Chi-X Australia depends entirely on ASX for clearing services, and is concerned that the larger bourse could use the CHESS replacement project to gain further competitive advantages.

The bill will remove the DBU-ACU divide, expand the grounds for which MAS can revoke bank licences, and empower MAS to regulate outsourcing arrangements.

The RBI has integrated all its supervision functions into a unified 'Department of Supervision', and its regulatory functions into a unified 'Department of Regulation'.

The new legislation will strengthen the management and supervision of financial benchmarks and their administrators, the FSC said.

Bills related to tax, government rates and rent, and water will be issued with FPS QR codes moving forward.

The legislative revision to implement the ARFP in Korea will take effect after six months, and will allow Korean funds to be eligible for offer in other member economies.