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Structural Regulation
MAS: 14 of 21 Digital Bank Applicants Assessed as ‘Eligible’
By Editors | 18/06/2020
These applicants assessed as eligible will progress to the next stage of assessment, where they will be invited to present their proposals via virtual meetings.
Conduct, Culture & Accountability
Australia Allows Advisers More Time to Meet Exam Requirement
By Editors | 18/06/2020
Advisers would have had until the end of this year to complete the new Financial Adviser Standards and Ethics Authority exam. A newly-passed bill allows an extra year to do so.
Trading & Investment
India Launches Delivery-based Gas Trading Platform
By Editors | 18/06/2020
Participants will be able to digitally trade natural gas in both the spot and forward markets, facilitating price discovery and lowering overall gas prices.
Clearing & Post-Trade
Leveraging Technology and Hong Kong’s Unique Position to Manage Risk
By John Killian | 18/06/2020
Hong Kong markets have continued to operate resiliently, due in large part to the emphasis HKEX places on risk management, says Group Risk Officer John Killian.
Structural Regulation
ASIC Guidance Sets Out Scope of Product Intervention Powers
By Editors | 18/06/2020
The product intervention power allows ASIC to respond to harms in the financial sector, but it must consult with affected persons before each use of the power.
Trading & Investment
China Pacific Insurance Lists GDRs in London
By Editors | 17/06/2020
The issuance is the largest capital raising on the LSE in three years, even at a 10% discount to China Pacific Insurance’s corresponding A-shares in Shanghai.
Payments & Settlements
ACCC Highlights Improved Price Transparency on FX Conversions
By Editors | 17/06/2020
An ACCC review last year found that a lack of pricing transparency forced consumers to rely on the more expensive big four banks for FX conversion and international money transfers.
Clearing & Post-Trade
Eurex Clears its First Interest Rate Swaps from Japan
By Editors | 17/06/2020
The FSA granted Eurex Clearing a licence as a foreign financial instruments clearing organisation in March, allowing it to offer clearing services in Japan.
Conduct, Culture & Accountability
FMA Sets Out Full Licence Conditions for NZ Financial Advisers
By Editors | 17/06/2020
In a consultation paper, the FMA specifies three distinct classes of financial advice provider licences, to allow applicants to apply for the licence that best suits their circumstances and business structures.
Trading & Investment
FSC Korea to Enhance Regulatory Framework for Crowdfunding
By Editors | 17/06/2020
SMEs will be allowed to raise funds through crowdfunding platforms, and the capital raising limit will be raised, among other enhancements to the existing framework.
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