Markets & Infrastructure

Trading & Investment

Korea: FSS to Probe Frozen Notes Linked to Singapore, Hong Kong

By Sanday Chongo Kabange | 10/08/2020

The FSS reportedly wants to determine why redemptions in some structured notes linked to Singapore trading firms have been frozen.

Structural Regulation

Hong Kong FSDC Proposes to Allow Tax Offsets Within Group Structures

By Sanday Chongo Kabange | 10/08/2020

The proposed reforms would allow financial services groups operating in Hong Kong to offset the profits of one group company against losses in another.

Structural Regulation

Japan Proposes Mid-2021 Cut-off on New LIBOR Loans, Bonds

By Manesh Samtani | 10/08/2020

Feedback is sought on fallbacks for cash products referencing JPY LIBOR. Under the plan, issuance of new LIBOR based loans and bonds will cease by mid-2021.

Trading & Investment

HKMA Warns of Risks in Leveraged Investment Products

By Editors | 09/08/2020

Banks should take into account Covid-19 in product due diligence and client suitability assessments, and exercise caution when dealing in leveraged products.

Conduct, Culture & Accountability

HK Bourse Seeks Broader Powers to Punish Misconduct

By Editors | 09/08/2020

Hong Kong’s stock exchange proposes to enhance its disciplinary regime to enhance its ability to hold accountable and sanction senior managers and directors responsible for misconduct.

Structural Regulation

US Regulators Unveil Plan to Deal With Chinese Listings

By Editors | 08/08/2020

A presidential working group which includes the chairmen of the SEC, CFTC and Fed has recommended changes to US listing rules to require access to companies’ audit papers.

Market Abuse

China Paves Way for Class Actions in Securities Disputes

By Lucy Zhang | 07/08/2020

New regulations issued by China’s Supreme Court provide channels for small and medium investors to pursue joint litigation in securities disputes.

Conduct, Culture & Accountability

SGX RegCo to Enhance Enforcement, Whistleblowing Frameworks

By Manesh Samtani | 06/08/2020

The proposed enforcement framework will seek to achieve swifter outcomes from the disciplinary process. Whistleblowing policies will become mandatory for listed issuers.

Payments & Settlements

Westpac to ‘Proactively’ Switch Merchants to Least Cost Routing

By Editors | 06/08/2020

The RBA has signalled it was considering taking regulatory action to force banks to move faster in moving merchants from Mastercard and Visa to lower cost networks.