Markets & Infrastructure

Structural Regulation

Australian Govt Freezes ASIC Levy for Financial Advisers

By Editors | 31/08/2021

Treasury will  review the ASIC Industry Funding Model to ensure it remains fit for purpose amid structural changes taking place in the advice industry.

Data Privacy

CSRC Considers Barring Data-Heavy Firms from Listing Overseas

By Sanday Chongo Kabange | 30/08/2021

The CSRC is drafting rules that would prohibit Internet firms holding large amounts of user-related data from listing overseas, targeting firms with VIE structures.

Structural Regulation

ACCC Opens Competition Inquiry Into NAB-Citigroup Deal

By Sanday Chongo Kabange | 30/08/2021

The ACCC has asked interested parties to submit their views regarding NAB’s proposed acquisition of Citigroup’s Australian consumer banking business by 13 September.

Payments & Settlements

IMF Spotlights Legal Challenges of Fintech for Central Banks

By Sanday Chongo Kabange | 30/08/2021

A new IMF paper discusses the impacts fintech will have on currency issuance, monetary policy implementation, and payment system soundness, among other functions of a central bank.

Structural Regulation

China: Banks Asked to Comply with New WMP Rules Faster

By Editors | 30/08/2021

Banks are asked to start valuing newly invested fixed-term open-ended WMP assets based on market value starting from 1 September.

Trading & Investment

HKEX Signs Collaboration MoU with Guangzhou Futures Exchange

By Ranamita Chakraborty | 30/08/2021

HKEX and GFEX will work together to develop China’s derivatives markets, explore a green and low-carbon market, and promote sustainability.

Clearing & Post-Trade

ASIFMA Warns SEBI Against Move to T+1 Settlement

By Ranamita Chakraborty | 30/08/2021

SEBI has established a panel of experts to look into moving from T+2 to T+1. ASIFMA says such a move will prove problematic for global investors.

Structural Regulation

UK Competition Authority Opens Inquiry into S&P-IHS Deal

By Editors | 30/08/2021

The Competition and Markets Authority will announce in October whether it will refer the merger for a Phase 2 investigation.

Structural Regulation

Shanghai to Get Upgrade as International Financial Centre

By Editors | 29/08/2021

Under a new policy plan, Shanghai will develop its asset management and fintech ecosystems, and enhance its role as a green finance and cross-border RMB hub.