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Structural Regulation
China Finalises Anti-monopoly Rules for Internet Platforms
By Editors | 09/02/2021
The rules prohibit platform operators from abusing their market dominant positions through behaviour designed to reduce or restrict competition.
Supervision & Enforcement
FINRA Fines HSBC Securities Over Employee Screening Failures
By Editors | 09/02/2021
FINRA fined HSBC Securities $650,000 for failing to screen 2,191 non-registered associated persons for statutory disqualification.
Conduct, Culture & Accountability
SFC Sets Out Conduct Standards Expected in Capital Raisings
By Editors | 08/02/2021
The proposals establish the standards of conduct expected of intermediaries participating in bookbuilding, pricing, allocation and placing activities.
KYC & CDD
Foreign Banks Penalised in Taiwan for Facilitating FX Speculation
By Editors | 08/02/2021
Deutsche Bank is permanently banned from trading TWD deliverable and non-deliverable forwards. ING, ANZ and Citi received lesser punishments.
Conduct, Culture & Accountability
HKMA Extends Initiative to Nurture Talent for Banking Industry
By Editors | 08/02/2021
The HKMA will continue to reimburse participating institutions up to 50% of the monthly salary of programme participants and subsidise professional training course fees.
Trading & Investment
SGX, Trumid, Hillhouse to Launch Asian Bond Trading Platform
By Editors | 08/02/2021
The partnership will connect SGX’s and Trumid’s bond trading platforms to enhance liquidity and execution in the Asian bond market for global clients.
Structural Regulation
Toss Bank Applies for Digital Bank Operating Licence in Korea
By Editors | 08/02/2021
Toss Bank was awarded a preliminary licence to operate an internet-only bank in December 2019. It plans to launch operations in mid-2021.
Structural Regulation
CSRC Approves Merger of Shenzhen’s Main and SME Boards
By Editors | 07/02/2021
The move will simplify the structure of the Shenzhen bourse and help it to better meet the financing needs of enterprises at different stages of development.
Clearing & Post-Trade
SEBI to Require AMCs to Help Capitalise New Clearing Corporation
By Editors | 07/02/2021
Individual contributions by asset managers towards the new LPCC will be calculated based on their AUM in open ended debt-oriented mutual fund schemes.
Conduct, Culture & Accountability
CBIRC Asks Insurance Groups to Improve Governance Mechanisms
By Editors | 07/02/2021
The CBIRC released the results of its first evaluation of corporate governance of insurance groups. None of the 10 participating groups top marks.
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