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Structural Regulation
RBI Enables Private Banks to Conduct Government Business
By Editors | 18/05/2021
Revised RBI guidelines put in place a mechanism for private sector banks to apply for authorisation to conduct government business.
Trading & Investment
Tokyo Bourse Plans to Extend Trading Hours – Report
By Editors | 18/05/2021
Longer trading hours are expected to increase participation from overseas investors, as well as local retail investors that trade after work.
Clearing & Post-Trade
HKEX Clears First SOFR-HONIA Cross Currency Swaps
By Editors | 18/05/2021
OTC Clear announced last week that it was launching clearing services for cross-currency interest rates swaps and basis swaps referencing HONIA and SOFR.
Conduct, Culture & Accountability
Conduct Risk Management Shifts to ‘Predict and Prevent’ Approach
By Manesh Samtani | 18/05/2021
In its annual Compendium on culture and conduct risk supervision, Starling highlights a shift from ‘detect and correct’ to ‘predict and prevent’.
Clearing & Post-Trade
SEBI Consults on Measures to Protect Client Collateral
By Editors | 17/05/2021
The proposed framework seeks to protect clients’ collateral from being misused or misappropriated by trading or clearing members.
Structural Regulation
Is Asia Ready for the End of LIBOR?
By Li Renn Tsai | 17/05/2021
Li Renn Tsai compares progress in Asia’s main trading hubs, warning of a logjam of transition-related operational work that will pile up towards year-end.
Sustainable Finance
New Zealand Enhances Voluntary Retirement Savings Scheme
By Ranamita Chakraborty | 17/05/2021
The government has announced changes to the KiwiSaver default providers, among other changes to enhance the financial wellbeing of locals in retirement.
Trading & Investment
Credit Sensitive Alternatives to RFRs Have Limited Durability: Bailey
By Manesh Samtani | 17/05/2021
Non-financial borrowers may not want their cost of borrowing to be driven by thin liquidity in CP and CD markets, says BOE governor Andrew Bailey.
Conduct, Culture & Accountability
MAS to Expand Scope of Mandatory Reference Check Regime
By Manesh Samtani | 16/05/2021
MAS proposes to expand the scope of FIs and employees subject to the mandatory reference checking regime. FIs will have to maintain records for all employees.
Structural Regulation
PCAOB Proposes Framework for HFCAA Determinations
By Editors | 16/05/2021
The PCAOB will use the proposed framework to determine when it is unable to carry out inspections of overseas audit firms of US-listed companies.
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