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PEPs & Sanctions
US Banks to Delist Hong Kong Listed Structured Products
By Manesh Samtani | 11/01/2021
The move is said to be a direct result of a prohibition on US persons from purchasing shares in companies identified to be linked to the Chinese military.
Capital Adequacy
UOB Prices Singapore’s First Capital Security with SORA Reference
By Editors | 10/01/2021
UOB priced its perpetual, non-call five-year AT1 securities with a reset coupon rate that references the SORA-OIS rate.
Structural Regulation
ASIC Approves Variations to Banking Code of Practice
By Editors | 10/01/2021
The changes extend the Covid-19 Special Note for six months to September 2021, and amend definitions to bring more small businesses into scope.
Data Privacy
Taiwan FSC Approves Banks for Second Phase of Open Banking
By Editors | 10/01/2021
Following the launch of the first phase in September 2019, the second phase of open banking will involve the exchange of customer data.
Trading & Investment
ASIFMA, Ashurst Issue Report on APAC Readiness for IBOR Transition
By Manesh Samtani | 07/01/2021
Market participants identified a lack of standardisation, harmonisation and consensus between different jurisdictions and asset classes as a key area of concern.
AI Risk & Governance
AI is Bringing a Generational Change to the RegTech Industry
By Lukas Petrikas | 07/01/2021
Artificial intelligence can bring a generational change to the RegTech industry as it strengthens and enhances regulatory and supervisory capabilities, says HKEX’s Lukas Petrikas.
Emerging Prudential Risks
China Revises Upper Limit on Overseas Lending, Borrowing
By Editors | 07/01/2021
The PBOC and SAFE have adjusted the upper limits on overseas lending and borrowing by domestic enterprises, as the RMB trades at its highest levels since mid 2018.
Fraud, Scams & Cybercrime
Chinese Court Orders Ratings Firm to Compensate Bond Creditors
By Editors | 07/01/2021
The court held Dagong Global Credit Rating, its controller, underwriter, accounting firm, and law firm jointly responsible for defaults by a construction company three years ago.
Trading & Investment
HKEX Outlines Next Steps for VCM, POS Enhancements
By Manesh Samtani | 07/01/2021
Phase 2 VCM enhancements will occur in March 2021 in the securities market. VCM and POS enhancements will be applied to the derivatives market in Q2 2021.
Payments & Settlements
White House Bans US Transactions With Chinese Payment Apps
By Editors | 06/01/2021
White House allies including Treasury Secretary Steve Mnuchin also reportedly pressured the NYSE to again reverse its decision on delisting Chinese telecom stocks.
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