Markets & Infrastructure

PEPs & Sanctions

China Imposes Retaliatory Sanctions Against US Officials

By Editors | 13/07/2020

The US President said that a phase two trade deal with China isn’t under consideration, though China has continued to meet its commitments under the phase one deal signed in January.

Structural Regulation

SEBI Allows Foreign Stock Exchanges to Set Up in Gift City

By Editors | 13/07/2020

Indian or foreign stock exchanges can set up a majority-owned subsidiary with other investors to provide stock exchange services in Gift City.

Payments & Settlements

MAS, Temasek, JPM Complete Final Phase of Project Ubin

By Editors | 13/07/2020

The prototype that was built can integrate with other blockchain-based platforms and be used for cheaper, faster and safer cross-border payments and to settle foreign exchange transactions.

Structural Regulation

HKMA Proposes New Code of Practice for Banks’ Trust Companies

By Manesh Samtani | 13/07/2020

The HKMA is looking to address a lack of conduct requirements for trust businesses used by banks and their subsidiaries for wealth management purposes.

Trading & Investment

Philippines Proposes Regulatory Framework for Corporate Debt Funds

By Sanday Chongo Kabange | 13/07/2020

The new closed-end investment vehicle will enable investment in debt paper issued by large and medium-sized corporations, to help avert credit and liquidity crises.

Structural Regulation

HKMA Sets Out Key LIBOR Transition Milestones for Banks

By Manesh Samtani | 12/07/2020

Fall-back provisions should be in place by January 2021, and authorised institutions should cease to issue new LIBOR-linked products maturing after 2021 by 30 June 2021.

Structural Regulation

Hong Kong Passes Limited Partnership Fund Bill

By Editors | 12/07/2020

The limited partnership fund regime is aimed at attracting private equity, real estate, and venture capital funds to set up and operate in Hong Kong.

Structural Regulation

Malaysia Revises Circuit Breaker Mechanism, Price Limits

By Editors | 12/07/2020

The temporary revisions to the static and dynamic price limits, and the circuit breaker, are being implemented to provide added market stability and confidence.

Conduct, Culture & Accountability

ASIC’s Loss to Westpac is Terrible for Everyone

By Andy Schmulow | 11/07/2020

Despite its recent Federal Court loss, ASIC was right to appeal the dismissal of its responsible lending case against Westpac, says bank conduct specialist Dr Andy Schmulow.