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CBDCs
China, UAE Join HKMA-BOT Initiative to Create CBDC Bridge
By Manesh Samtani | 23/02/2021
The project, now called ‘m-CBDC Bridge’, will seek the development of a prototype to facilitate real-time cross-border transactions using multiple CBDCs.
Resolution & Recovery
DBS Faces Legal Challenge Following Takeover of Indian Bank
By Ranamita Chakraborty | 23/02/2021
DBS said the local government and the RBI, who drafted and approved the takeover proposal, would be primary respondents in the lawsuits.
Trading & Investment
FTSE Russell to Add STAR Market Stocks to Global Benchmark
By Editors | 23/02/2021
The changes, effective from 22 March, are expected to result in $100mn of passive inflows to STAR Market stocks.
Conduct, Culture & Accountability
SFC Fines Asset Manager for Short Position Reporting Errors
By Editors | 23/02/2021
The SFC found that 7,814 short positions held by collective investment schemes managed by Brilliance Asset Management were either misstated or omitted.
Conduct, Culture & Accountability
Targeted Product Intervention to Lead to ‘Less Regulation’: ASIC
By Ranamita Chakraborty | 22/02/2021
Commissioner Sean Hughes said ASIC will only need to intervene when there are signs of harm and misconduct, emphasising the checks and balances in place.
Trading & Investment
HKEX Probes for Rule Violations by Retail IPO Investors
By Editors | 22/02/2021
Brokers involved in the New Horizon Health IPO have been asked to provide information on the retail investors who were allotted stocks.
Clearing & Post-Trade
LCH Extends Central Clearing for SORA Derivatives to 21 Years
By Manesh Samtani | 22/02/2021
MAS will likewise extend the tenor of its daily SORA derivatives auctions with major derivatives dealers from 5-years to 20-years.
Trading & Investment
SGX to Seek Out Acquisition Targets to Drive Growth
By Ranamita Chakraborty | 22/02/2021
SGX plans to continue its M&A focus to strengthen its FX, fixed income, data and capital markets connectivity businesses, says chief executive Loh Boon Chye.
Trading & Investment
Malaysia Extends Restrictions on Intraday Short Selling
By Editors | 22/02/2021
The six-month extension will enable Bursa Malaysia to enhance its control measures for intraday short selling activities in order to promote market stability.
Structural Regulation
Sea Group to Establish Digital Banking Operations in Indonesia
By Ranamita Chakraborty | 22/02/2021
Sea Group’s e-commerce arm Shopee plans to turn a newly acquired Indonesian bank into a digital bank. OJK is meanwhile preparing new regulations for digital banks.
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