Markets & Infrastructure

Trading & Investment

HKMA Urges Continued Progress on LIBOR Transition Efforts

By Manesh Samtani | 18/03/2021

The HKMA’s Edmond Lau highlighted three essential elements for LIBOR transition: operational and system capabilities, effective coordination; commitment from top management.

Structural Regulation

PSE Proposes Tighter Rules for Listings via Reverse Takeover

By Editors | 17/03/2021

Companies will be required to conduct a public offering of at least 10 percent of their shares within one year from closing a transaction that results in a backdoor listing.

Structural Regulation

Taiwan FSC Directs More Firms to File Reports in English

By Editors | 17/03/2021

A total of 657 listed companies are required to file English-language reports this year, up from 351 firms last year.

Cloud & Infrastructure

WEF Paper Offers Recommendations on China Fintech Regulation

By Sanday Chongo Kabange | 17/03/2021

The paper says it is necessary to build a new regulatory framework that allows a shift from entity-based regulation to activity-based regulation.

Structural Regulation

SEC Thailand Introduces New Securities Licence Types

By Editors | 17/03/2021

The two new licences are for firms that serve as intermediaries only for equity instruments, and for firms managing private funds.

Trading & Investment

PSE Proposes Alternative Listing Option for Businesses

By Sanday Chongo Kabange | 17/03/2021

The new rule will allow businesses to raise funds on the exchange by listing their preferred shares without listing their common shares.

Structural Regulation

BIS Paper Offers Policy Options for Regulating Bigtech

By Manesh Samtani | 17/03/2021

Authorities are assessing whether existing regulatory approaches are fit for the purpose of regulating the financial operations of bigtechs.

Conduct, Culture & Accountability

HKMA to Commence Review of Front Office Incentive Systems

By Manesh Samtani | 17/03/2021

The review will focus on how incentive systems at 20 retail banks are designed and implemented, and how they drive behaviours of frontline staff and affect customer outcomes.

Structural Regulation

Ant Group Imposes Self-Discipline Rules, CEO Resigns

By Sanday Chongo Kabange | 17/03/2021

The self-discipline financial rules apply to Ant Group’s wealth management, insurance, consumer loans, small-and-micro-business loans and credit-scoring businesses,