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Structural Regulation
HK Financial Sector Calls for Easing of Covid Restrictions
By Sanday Chongo Kabange | 25/10/2021
Nearly half of surveyed FIs are considering moving staff or functions away from Hong Kong due to operational challenges, including travel and quarantine uncertainty.
Payments & Settlements
China to Develop Digital Trade, Cross-border Payments
By Darien Choong | 25/10/2021
Under a new five-year plan for trade in services, China will upgrade CIPS and further develop cross-border payments and financing.
Clearing & Post-Trade
Global Fund Association Calls on SEBI to Delay T+1 Implementation
By Editors | 25/10/2021
To support T+1 settlement, FPIs and their service providers would need to completely re-engineer the settlement and funding process, ICI says in a letter to SEBI.
Market Abuse
CFTC Pays Record-breaking $200m Whistleblower Award
By Editors | 24/10/2021
The award is the largest whistleblower payout on record, and for the first time includes an amount based on sanctions collected by a foreign regulator.
Anti-Money Laundering
Inconsistent AML Approaches Cause Cross-border Payment Frictions
By Editors | 23/10/2021
The FATF says inconsistent implementation of AML/CFT requirements increases cost, reduces speed, limits access and reduces transparency in cross-border payments.
Conduct, Culture & Accountability
US Fed to Bar Officials from Buying Individual Stocks, Bonds
By Editors | 23/10/2021
Fed policymakers and senior staff will be limited to purchasing diversified investment vehicles, such as mutual funds.
Conduct, Culture & Accountability
AFCA to Provide Clarity on New Compensation Scheme
By Editors | 23/10/2021
AFCA says it will help to provide clarity on the treatment of complaints about losses arising from financial products and financial advice.
Alternative Markets
New Rules for PE Funds Take Effect in South Korea
By Sanday Chongo Kabange | 23/10/2021
The revised rules improve investor protection and subject private equity funds to increased monitoring and external audits.
Structural Regulation
AFMA Calls for Removal of ‘LIBOR Cap’ Imposed on Foreign Banks
By Editors | 22/10/2021
AFMA is concerned that the LIBOR Cap will be replaced with a capping mechanism to be determined solely by the ATO.
Structural Regulation
CSRC to Pilot Arbitration System for Capital Market Disputes
By Darien Choong | 22/10/2021
Arbitration courts in Beijing, Shanghai and Shenzhen will help to facilitate the resolution of disputes in the securities and futures market.
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