Markets & Infrastructure

Structural Regulation

State Council Approves Rules for Financial Holding Companies

By Manesh Samtani | 07/09/2020

Based on last year’s consultation, non-financial enterprises that control financial sector businesses will need a licence to operate financial holding companies.

Trading & Investment

China to Expand Stock Connect, Deepen Reforms – Reports

By Editors | 07/09/2020

The scope of investment products foreign investors can trade via Stock Connect will be expanded, among other reforms, said the CSRC’s Fang Xinghai.

Clearing & Post-Trade

HKEX Enhances Capital-based Position Limits for Options, Futures

By Manesh Samtani | 07/09/2020

SEOCH and HKCC clearing participants can apply to increase their capital-based position limits, provided they meet a set of criteria.

Trading & Investment

DBS Launches SORA Business Property Mortgage Loan Package

By Editors | 06/09/2020

The package is tailored to allow SMEs to finance or refinance their commercial and industrial properties at more competitive rates.

Conduct, Culture & Accountability

HKMA Calls on Financial Sector to Support New Recruitment Scheme

By Editors | 06/09/2020

The Financial Industry Recruitment Scheme for Tomorrow scheme aims to create 1,500 full-time jobs in the financial services industry.

Structural Regulation

US SEC Stays Implementation of NYSE Direct Listing Rules

By Editors | 06/09/2020

The Council of Institutional Investors has objected to the direct listing rules on concerns that companies may circumvent investor protections built into the IPO process.

Structural Regulation

BSP Targets September Issuance of Digital Banks Framework

By Editors | 06/09/2020

Separately, new legislation is under development to expedite the digital banking sector, targeted to pass by the end of 2020.

Supervision & Enforcement

FINMA Launches Enforcement Proceedings Against Credit Suisse

By Manesh Samtani | 06/09/2020

The proceedings relate to violations identified by a FINMA-appointed auditor in relation to Credit Suisse’s observation and security activities, and how these activities are documented and controlled.

Conduct, Culture & Accountability

Taiwan FSC Orders Probe into Securities Firm Over Broker Suicide

By Editors | 06/09/2020

The brokerage firm is reportedly under scrutiny because a stock broker claimed in a suicide note that he was instructed to place orders for clients through a separate laptop in the office.