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Payments & Settlements
Mitigating FX Settlement Risk in Japan’s Pensions Industry
By Margaret Law | 06/05/2021
Margaret Law and Makoto Miyazaki discuss the need for Japanese pension funds to adopt PvP settlement to mitigate FX settlement risk.
Market Abuse
ASIC Files Suit Against Westpac for Alleged Insider Trading
By Editors | 05/05/2021
ASIC says Westpac traded interest rate derivatives to pre-position itself while knowing it would be selected to execute a A$12bn interest rate swap hours later.
Structural Regulation
HKEX to Lessen Profit Requirement Hike for Main Board IPOs
By Manesh Samtani | 05/05/2021
The three-year profit requirement will be raised from HK$50mn to HK$80mn, compared to the HK$125mn or HK$150mn options proposed in November.
Payments & Settlements
NPP Australia Implements Data-Rich Messaging Standards
By Ranamita Chakraborty | 05/05/2021
NPP participating FIs can receive payment messages formatted with additional defined data elements for payroll, tax, superannuation and e-invoicing.
Structural Regulation
BSP Expects New Digital Banks to Launch in H2 2021
By Ranamita Chakraborty | 05/05/2021
The BSP has received four applications for digital bank licences, including two from thrift banks that wish to convert their existing licences.
Structural Regulation
KRX Mulls Additional Measures to Attract Unicorn Listings
By Sanday Chongo Kabange | 05/05/2021
Ahead of the introduction of dual-class shares, KRX will provide guidelines to help founders secure management rights jointly with other large shareholders.
Tokenisation
UPDATED – BaFin Says Binance Stock Tokens Violate Securities Laws
By Sanday Chongo Kabange | 05/05/2021
The tokens require the publishing of a prospectus, “minimum information required by law” for the sale of an investment product.
Conduct, Culture & Accountability
CBIRC Fines Shanghai Pudong Development Bank For Mis-selling
By Editors | 05/05/2021
The fine comes two weeks after the CBIRC accused the bank of failing to fully disclose the risks of a private placement investment product to investors.
Structural Regulation
Australia Consults on New Requirements for Proxy Advisers
By Ranamita Chakraborty | 05/05/2021
The Treasury is proposing that proxy advisers be required to obtain an AFS License, among other requirements aimed at increasing transparency.
Conduct, Culture & Accountability
SEBI Issues Compensation Guidelines for Fund Managers
By Editors | 05/05/2021
20% of compensation of key AMC employees must be paid in the form of units of the mutual fund schemes in which they have a role or oversight.
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