Markets & Infrastructure

Trading & Investment

SEBI Directs Multi Cap Funds to Raise Exposure to Smaller Stocks

By Sanday Chongo Kabange | 14/09/2020

New guidelines will force multi cap funds to dump large cap stocks in favour of small- and mid-cap stocks by January 2021.

Structural Regulation

Sri Lanka Eases Shareholder Limits on Commercial Banks

By Duruthu E Chandrasekera | 14/09/2020

Multilateral agencies such as the World Bank and IFC can hold up to 20% of a commercial bank. Other firms or institutions can hold up to 15%.

Structural Regulation

Taiwan Banks Urged To Offer Bilingual Financial Services

By Sanday Chongo Kabange | 14/09/2020

The FSC is encouraging all banks to set up bilingual branches and enhance the English proficiency of their staff members as part of its efforts to become a regional financial hub in Asia.

Conduct, Culture & Accountability

RBI Sets Out Guidelines on Bank Compliance Function

By Editors | 13/09/2020

The guidelines are aimed at ensuring a uniform approach with regard to compliance and risk management culture across the banking industry.

Structural Regulation

Changes to Hong Kong OFC Regime Take Effect Immediately

By Editors | 13/09/2020

Private OFCs are no longer subject to investment restrictions and securities brokers are now eligible to be OFC custodians, among other changes.

Payments & Settlements

HSBC to Scrap More Fees for Hong Kong Retail Customers

By Manesh Samtani | 13/09/2020

A recent sequence of measures to shift to lower-cost, digital-first services for SME and retail customers is largely seen as a response competition from the new virtual banks.

Credit Risk

S. Korea Unveils Details of New Consumer Credit Bill

By Editors | 13/09/2020

The bill obliges lenders to offer debt restructuring plans to delinquent borrowers if such a request is made, and places restrictions on the use of debt collection agencies.

Conduct, Culture & Accountability

A Detailed Look at MAS’ New Accountability Guidelines

By Grace Chong | 11/09/2020

Grace Chong and Si Rong Low at Simmons & Simmons JWS detail the key points of MAS’ final guidelines on individual accountability and conduct.

Structural Regulation

ASIC Defers New Fee Disclosure Obligations Two Years to 2022

By Sanday Chongo Kabange | 10/09/2020

Superannuation funds and managed investment scheme issuers will now have until September 2022 to comply with fee and cost disclosure requirements.