Markets & Infrastructure

Structural Regulation

RBI Reassesses Ownership, Control, Governance at Private Sector Banks

By Editors | 15/06/2020

The RBI has released a discussion paper proposing reforms to improve bank governance, and has formed a working group to review rules on private sector bank ownership and control.

Structural Regulation

China Finalises New IPO Rules Shenzhen’s ChiNext Board

By Editors | 15/06/2020

Under the new market-based IPO pricing system, companies seeking a ChiNext listing will have to abide by stricter information disclosure rules, but will no longer require CSRC approval.

Data Privacy

FSC Korea Outlines Key Policy Tasks for H2 2020

By Editors | 14/06/2020

The measures include continued support for businesses and individuals, with some focus being diverted back to pre-Covid policy work to support innovation and data-driven initiatives.

Clearing & Post-Trade

EC Proposes Simplified Approach to Supervising Non-EU CCPs

By Editors | 14/06/2020

Under the new approach, third-country CCPs that are not deemed systemically important will only be subject to basic ESMA supervision, relying on ‘comparable compliance’.

Conduct, Culture & Accountability

ASIC Issues Guidance on Listed Company Executive Pay Decisions

By Editors | 14/06/2020

The high-level guidance set out specific factors boards and remuneration committees should consider when exercising discretion on executive variable pay in the current environment.

Payments & Settlements

RBI Updates Oversight Framework for FMIs, Retail Payment Systems

By Editors | 14/06/2020

The framework details the oversight objectives, supervisory processes and assessment methodology the RBI will apply to financial market infrastructures and retail payment systems.

Trading & Investment

CSRC Green-lights Trading in Six New Commodity Options Contracts

By Editors | 14/06/2020

The ZCE will launch trading steam coal options; the DCE will launch polypropylene, PVC and LLDPE options; and the SHFE will launch aluminum and zinc options.

Payments & Settlements

PBOC Grants Bank Card Clearing Licence to Amex JV

By Editors | 14/06/2020

American Express has become the first foreign company to receive a network clearing licence in China, which will allow it to compete with Tencent, Alipay and China UnionPay for market share.

Conduct, Culture & Accountability

New Zealand’s New Conduct Regime Not Adequately Developed

By Editors | 13/06/2020

The bill to introduce a new conduct regime in New Zealand is not yet adequately developed, say Consumer New Zealand, the NZBA, and the Financial Services Council.