Markets & Infrastructure

Trading & Investment

Greater Bay Wealth Connect Launch Imminent

By Manesh Samtani | 07/09/2021

An announcement may come as early as Friday, ahead of a formal launch on the first Monday after China’s Golden Week holiday.

Clearing & Post-Trade

HKEX to Roll-out New Workflow for Derivatives Position Adjustments

By Editors | 07/09/2021

The enhancement will allow clearing participants to submit position adjustments requests directly at DCASS Online, replacing the existing paper-based workflow.

Structural Regulation

Bank Indonesia Raises Mandatory MSME Lending Thresholds

By Pongnut Thanaboonchai | 07/09/2021

The mandatory minimum MSME lending requirements will be increased in phases. Lenders that fail to meet the thresholds will face a maximum penalty of IDR 5 billion.

Conduct, Culture & Accountability

ASIC Issues Final Guidance on Breach Reporting Obligations

By Sanday Chongo Kabange | 07/09/2021

Licensees should have in place clear, well-understood and documented processes for identifying, recording, assessing, escalating and reporting breaches.

Structural Regulation

Thai SEC Proposes to Streamline Bond Issuance Regulations

By Pongnut Thanaboonchai | 07/09/2021

Under the amendments, debt instruments must be issued within 6 months from the date the filing is approved, the SEC said.

Emerging Prudential Risks

S. Korea: New FSC, FSS Chiefs to Rebuild Cooperative Relations

By Sanday Chongo Kabange | 07/09/2021

The new chiefs of the FSC and FSS held their first official meeting since taking office. They pledged to unite on issues such as household debt and Covid-19.

Cybersecurity

Singapore Minister Urges FIs to Pursue International Postings

By Manesh Samtani | 07/09/2021

MAS will extend the funding duration from 3 to 6 months for the overseas component of its Finance Associate Management Scheme starting next year.

Trading & Investment

Hainan to Pilot Cross-Border Asset Management Trials

By Sanday Chongo Kabange | 06/09/2021

Hainan’s also plans also launch QFLP and QDLP trials and enhanced currency convertibility to facilitate cross-border trade and investment.

Structural Regulation

CSRC Issues Draft Rules for Beijing Stock Exchange

By Editors | 06/09/2021

SMEs trading on the NEEQ for at least 12 months will qualify to list on the Beijing Stock Exchange, which will adopt the registration-based IPO system.