Markets & Infrastructure

Resolution & Recovery

Hong Kong: ‘Stay Rules’ to Come into Operation on 27 August

By Manesh Samtani | 27/06/2021

Banks have to adopt provisions in financial contracts binding counterparties to temporary stays on termination rights that may be imposed by the HKMA during a bank resolution.

Structural Regulation

AmCham Offers Taiwan Tips for Improving Financial Sector

By Sanday Chongo Kabange | 27/06/2021

AmCham Taipei’s new whitepaper offers recommendations for banking, capital markets, asset management, private equity, insurance, tax, and sustainable development.

Conduct, Culture & Accountability

MAS Extends Financial Sector Training Support Measures

By Editors | 27/06/2021

The extensions will help Singaporeans continue to acquire in-demand skills and encourage FIs and fintechs to retain and upgrade staff capabilities.

Structural Regulation

Australia Passes Bill to Establish Monitoring Body for ASIC, APRA

By Ranamita Chakraborty | 27/06/2021

In its first year, the FRAA will assess ASIC to ensure it is operating in line with expectations and supporting the economic recovery.

Custody & Infrastructure

Industry Cooperation is Key to Trade Finance Innovation

By Henry Roxas | 27/06/2021

R3’s Henry Roxas discusses the prevalence of paper-based methods in trade finance and the need for broader industry efforts to digitise practices.

Tokenisation

ASIFMA Spotlights Tokenised Securities in New Paper

By Manesh Samtani | 27/06/2021

The paper calls on regulators to issue more guidance on the classification of tokens and modernise paper-based requirements in securities markets.

Conduct, Culture & Accountability

CBIRC Issues New Qualification Rules for Insurance Executives

By Editors | 27/06/2021

Insurers need to seek approval from the CBIRC on the qualifications of directors, supervisors and senior managers starting 1 July.

Supervision & Enforcement

ASIC Removes SocGen Securities Licence Conditions

By Ranamita Chakraborty | 27/06/2021

Independent expert did not identify any deficiencies in the adequacy and effectiveness of SocGen’s client money controls.

Structural Regulation

Korea to Impose Additional Requirements for PE Funds

By Sanday Chongo Kabange | 27/06/2021

A new rule will also be introduced to allow for faster removal of fund managers that fail to meet the requirements.