Markets & Infrastructure

    Trading & Investment

    ISDA to Add Pre-cessation Trigger to LIBOR Fallback Provisions

    By Editors | 16/04/2020

    A significant majority of respondents favour including both pre-cessation and permanent cessation fallbacks as standard language in the amended 2006 ISDA Definitions for LIBOR.

    Operational Risk

    APRA Announces New Commencement Dates for Prudential Standards

    By Editors | 16/04/2020

    The new commencement dates relate to initial margin requirements and APRA’s prudential standards on information security, credit risk management and related entity exposures.

    Trading & Investment

    Malaysia, Shenzhen Bourses Enter MoU on Cross-border Collaboration

    By Editors | 15/04/2020

    The MoU will facilitate the display and joint promotion of Bursa Malaysia and SZSE benchmark indices in each other’s markets.

    Structural Regulation

    CBIRC Simplifies Administrative Licensing for Trust Companies

    By Editors | 15/04/2020

    The licensing rules reflect the cancellation of a $1bn asset threshold previously required of foreign financial institutions that invest in domestic trust companies.

    Cloud & Infrastructure

    Cambodia: Securities Regulator to Undergo Digital Transformation

    By Editors | 15/04/2020

    The Securities and Exchange Commission of Cambodia will develop a digital reporting system and adopt technology requirements in its regulatory framework.

    Structural Regulation

    Thailand: SET Gets Powers to Respond to Market Disruptions

    By Editors | 15/04/2020

    In a market disruption event, the SET board now has the power to prohibit short selling and algorithmic trading on the spot, among other measures.

    Conduct, Culture & Accountability

    Bangladesh: Bankers Get Incentives to Work During Lockdown

    By Editors | 15/04/2020

    The central bank has ordered banks pay officers and employees full month salary for 10 days’ work during Covid-19 lockdown.

    Structural Regulation

    China’s Top Two Brokerage Firms Explore Merger – Report

    By Editors | 14/04/2020

    A merger between Citic Securities and CSC Financial would create a $67bn investment bank, surpassing the market cao of most other foreign competitors.

    Conduct, Culture & Accountability

    ASIC Shifts Focus to Ensure Market Integrity, Protect Consumers

    By Editors | 14/04/2020

    Covid-19 has raised the risk of significant consumer harm and serious breaches of financial services laws, says ASIC chair James Shipton.

    Stablecoins

    FSB Offers Recommendations on Regulating Global Stablecoins

    By Editors | 14/04/2020

    The consultative report proposes 10 high-level recommendations for jurisdictional authorities to advance consistent and effective regulation and supervision of global stablecoin arrangements.

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