Markets & Infrastructure

Payments & Settlements

Amex Joint Venture Commences Card Clearing Operations in China

By Editors | 03/09/2020

The joint venture has launched bank card clearing services in partnership with 16 commercial banks, three mobile payment platforms, and nonbanking payment services providers.

Custody & Infrastructure

CSRC Grants Citigroup Fund Custody Licence in China

By Editors | 02/09/2020

Standard Chartered is the only other foreign bank to have obtained a fund custody licence in China. Citi becomes the first US bank to do so.

Structural Regulation

DBS Approved to Establish Securities Joint Venture in China

By Editors | 02/09/2020

DBS has become the eighth foreign financial institution to win approval to take majority ownership of a securities venture in China.

Structural Regulation

SEHK to Codify General Waivers to Streamline Listing Process

By Editors | 02/09/2020

Hong Kong’s stock exchange will codify a number of general waivers and principles relating to IPOs and issuers, effective from 1 October 2020.

CBDCs

China: Two More State-Banks Join Digital Yuan Testing

By Editors | 02/09/2020

Postal Savings Bank of China and China Citic Bank will join four other state banks in conducting initial tests and creating services for the digital currency.

Operational Risk

APRA Updates Four-Year Corporate Plan to Prioritise Covid Risks

By Editors | 02/09/2020

APRA will prioritise the safety and soundness of regulated institutions, operational resilience and contingency planning for adverse events.

Structural Regulation

SFC to Enhance OFC Regime to Level Playing Field

By Manesh Samtani | 02/09/2020

The SFC will remove investment restrictions, expand custodian eligibility requirements, and introduce a statutory re-domiciliation mechanism.

Structural Regulation

Why APAC Should Care About the EU’s AIFMD Review

By Tony Freeman | 02/09/2020

Though prompted by Brexit, the proposed review of the AIFMD legislation will also have implications for buy-side firms operating in Asia, says industry veteran Tony Freeman.

Trading & Investment

India: New Cash Segment Margin Rules Take Effect

By Editors | 01/09/2020

India’s brokers association had asked for additional time for firms to implement system changes and address operational challenges. SEBI refused the request.