Markets & Infrastructure

Credit Risk

PBOC Removes Limits on Credit Card Rates – Report

By Editors | 17/01/2021

The new policy is expected to benefit smaller card issuers and encourage competition from internet platforms and tech giants.

KYC & CDD

SEBI Proposes New Process for KYC in Securities Market

By Editors | 17/01/2021

Under the proposal, KYC Registration Agencies, stock exchanges and depositories would be responsible for client KYC processes.

Market Abuse

FSC Korea Prepares to Lift Ban on Illegal Short Selling

By Sanday Chongo Kabange | 16/01/2021

The FSC has revised the FSCMA enforcement decree as part of efforts to strengthen penalties for illegal short selling, as it prepares to lift a ban on short selling in March.

Market Data & Technology

Hong Kong Lawmaker Asks HKEX to Lower Market Data Fees

By Manesh Samtani | 16/01/2021

HKEX’s monthly fees for retail investors are higher than other stock exchanges, which may have implications for stockbrokers that serve retail investors, says a new report.

Clearing & Post-Trade

Calls to Recalibrate CCP Margin Models Are Misplaced: WFE

By Editors | 14/01/2021

The procyclicality of initial margin models is a property of the system as a whole and so requires system-wide solutions, the WFE says in a new paper.

Structural Regulation

Philippine SEC Approves First Crowdfunding Platform

By Editors | 14/01/2021

Investree Philippines is the first crowdfunding intermediary and funding portal to register with the SEC since rules covering the activity took effect in July 2019.

Structural Regulation

EU Competition Authorities Approve LSEG-Refinitiv Merger

By Manesh Samtani | 14/01/2021

The commitments offered by LSEG fully address the competition concerns raised by the proposed transaction, the European Commission said in a statement.

Payments & Settlements

PayPal Acquires Full Control of China Payments Business

By Editors | 14/01/2021

PayPal is the first foreign firm to own a 100% stake in a payment platform in China, having obtained a licence to operate in the country a year ago.

Alternative Markets

New Rules for Private Equity Funds Take Effect in China

By Editors | 14/01/2021

The rules prohibit the use of private equity funds as vehicles for public fundraising, explicitly allowing them to only be offered to qualified investors.