Markets & Infrastructure

    Conduct, Culture & Accountability

    ASIC Consults on Second Use of Product Intervention Power

    By Editors | 10/07/2020

    ASIC names BHF Solutions and its associate, Cigno, as two companies that enter into high-cost continuing credit contracts with retail customers without a credit licence.

    CBDCs

    PBOC Partners with Didi Chuxing to Test Digital Currency

    By Editors | 10/07/2020

    The PBOC has established a partnership with ride-hailing firm Didi Chuxing to test its digital currency in payments.

    Clearing & Post-Trade

    HKEX Launches Master SPSA Service for Fund Managers

    By Editors | 10/07/2020

    The new service allows pre-trade checking of China A shares for northbound Stock Connect trading at the fund manager or aggregate level.

    Market Abuse

    CSRC to Punish 258 Firms Illegally Financing Margin Trading

    By Editors | 09/07/2020

    The CSRC warns that illegal lenders are offering margin loans via websites, mobile apps and social media, promising investors 10 times leverage and high profits.

    Clearing & Post-Trade

    HKEX Clears First HONIA-based Interest Rate Swaps

    By Manesh Samtani | 09/07/2020

    The first centrally cleared HONIA interest rate swap contract was between BOCHK and HSBC, marking a significant step to promote HONIA’s adoption in the financial industry.

    Trading & Investment

    Malaysia to Promote Greater Capital Market Innovation

    By Editors | 07/07/2020

    The SC will invite innovative stockbroking models such as digital-only brokers and algo trading platforms. Bursa’s trading and clearing memberships will be separated.

    Structural Regulation

    SEBI Finalises Amendments to Investment Adviser Rules

    By Editors | 07/07/2020

    The final rules increase the net worth, qualification and experience requirements for investment advisers and introduce client-level segregation of advice and distribution activities.

    Credit Risk

    China Issues Final Rules on Handling Corporate Bond Defaults

    By Editors | 07/07/2020

    The final rules establish trustee managers, bondholder meetings and intermediaries as investor safeguards in the disposal of defaulted corporate bonds.

    Structural Regulation

    BSP Set to Issue Digital Bank Licensing Framework

    By Editors | 07/07/2020

    Foreign individuals will be allowed to own up to 40% of a digital bank, while qualified foreign banks can own up to 100%.

    Structural Regulation

    Singapore Regulator Raises Concerns Over LSEG-Refinitiv Deal

    By Editors | 06/07/2020

    Singapore’s competition regulator has concerns about whether Refinitiv’s widely used WM/Reuters FX benchmarks would be offered to rival providers at fair and reasonable terms.

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