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Securities / Derivatives
Singapore to Introduce New Corporate Structure For Funds
By Garima Chitkara | 07/06/2018
S-VACC, Singapore’s new investment firm structure, will come into effect by next year and will help boost synergies between firm management and domiciliation, according to MAS managing director.
Market Infrastructure
ISDA Seeks Feedback on Common Domain Model for Derivatives
By JP Reimann | 07/06/2018
First digital version of the ISDA CDM covers interest rate and credit derivatives products; aims for efficiency, interoperability, reduced complexity in derivatives market.
Market Infrastructure
S. Korean Banks Create Self-Regulating Hiring Guidelines
By JP Reimann | 07/06/2018
Guidelines will reintroduce written exams, involve outside experts in screening and interviews, adopt “blind recruitment” to prevent discrimination, and abolish recommendation-based hiring.
Capital / Liquidity
FSB Consults on Third Peer Review on Bank Resolution
By JP Reimann | 06/06/2018
Focus on D-SIBs and other banks that could be systemic in failure and are included in resolution planning at a jurisdictional level; feedback sought by 4 July.
Market Infrastructure
ASIC Consults on ‘Foreign’ AFS Licence Proposal
By Manesh Samtani | 05/06/2018
New approach would replace current mechanism of granting relief to foreign financial service providers from AFS licensing, and provide ASIC with broader range of tools to regulate the activities of foreign providers.
Market Infrastructure
New Zealand Publishes Revised Code of Banking Practice
By JP Reimann | 04/06/2018
New code promises fair treatment, clear communication, customer privacy, responsible lending, effective complaints handling.
Market Infrastructure
Japan Publishes Revised Corporate Governance Code
By JP Reimann | 04/06/2018
Revised code urges disclosure of plans to reduce cross-shareholdings, pushes for diversity in management, including more women non-Japanese.
Market Infrastructure
Malaysia Scraps GST on Banking Products
By Manesh Samtani | 03/06/2018
Effective 1 June, Malaysian banks will impose a zero percent GST on all banking products and services, previously subject to 6% GST.
Market Infrastructure
NSE-SGX Dispute Runs Afoul of MSCI
By Garima Chitkara | 31/05/2018
MSCI considering placing India on notice due to “burdensome” SEBI registration process and stock exchange action that could restrict global availability of investment instruments.
Capital / Liquidity
Moody’s Takes Ratings Actions on Nineteen Chinese Banks
By Garima Chitkara | 31/05/2018
Banks like Bank of China, Agriculture Bank of China, BOCOM and ICBC received upgrades on the back of an upgrade to China’s macro profile.
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