Markets & Infrastructure

Payments & Settlements

SFA, Remittance Association to Jointly Strengthen SG Remittance Industry

By Editors | 22/03/2021

The SFA Remittance Sub-Committee has been launched to promote the adoption of technologies to strengthen Singapore’s money remittance industry.

Structural Regulation

CBIRC Probes Reveal 19,900 Shareholder Violations at Rural Banks

By Editors | 22/03/2021

Over 70 percent of the violations have so far been resolved; 281 institutions were fined a total CNY 150 million; 711 shareholders were fined CNY 20.4 million.

Alternative Markets

New Rules for Private Equity Funds Take Effect in Korea

By Ranamita Chakraborty | 22/03/2021

The new rules imposing stricter requirements on leverage, cross trading, sales practices and risk management, among other areas.

Fraud, Scams & Cybercrime

Singapore Police Issue First Charges in Nickel Trading Fraud Case

By Editors | 22/03/2021

At least SGD 1 billion was invested for the purported sale and purchase of nickel, making the case one of the largest financial fraud cases in Singapore.

Trading & Investment

HKMC Signs Infrastructure Financing MoUs with Five Banks

By Manesh Samtani | 22/03/2021

The partner banks will identify infrastructure-related loan assets for the HKMC’s Infrastructure Financing and Securitisation business.

Trading & Investment

BOJ Scraps ETF Buying Target, Tweaks Yield Curve Controls

By Editors | 22/03/2021

The BOJ is scrapping its JPY 6 trillion annual target for buying ETFs, but will keep the JPY 12 trillion annual ceiling. The BOJ now owns about 7% of the Japanese equity market.

Payments & Settlements

Japan Banks Finalise Decision to Lower Interbank Transfer Fees

By Editors | 22/03/2021

Effective from 1 October, interbank money transfer fees will be lowered to JPY 62 per transaction, the first reduction in 40 years.

Clearing & Post-Trade

LCH Sets Dates for Conversion of SwapClear LIBOR Contracts

By Editors | 21/03/2021

Conversion of CHF, EUR and JPY LIBOR shall apply to SwapClear contracts outstanding on 3 December. Conversion of GBP LIBOR will apply to contracts outstanding on 17 December.

Structural Regulation

Malaysia Grants Fee Waivers, Rebates on Listing Related Fees

By Editors | 21/03/2021

Processing fees, prospectus registration fees, initial fees and annual listing fees will be provided to companies seeking a listing, while companies already listed can receive rebates.