Markets & Infrastructure

Conduct, Culture & Accountability

S. Korea: Covid-19 Loans Exempted From Misconduct Sanctions

By Editors | 09/04/2020

Financial services workers delivering emergency support funds to businesses in need will be exempt from misconduct sanctions.

Conduct, Culture & Accountability

UPDATED – ASIC Commences Legal Proceedings For False Advertising

By Editors | 09/04/2020

ASIC alleges that companies in the Mayfair 101 Group promoted debenture products to wholesale investors using phrasing that falsely implied they were comparable to bank term deposits.

Trading & Investment

RBI to Open Up Rupee Derivatives for Hedging from 1 June

By Editors | 09/04/2020

Authorised dealers and can allow users to trade rupee derivatives up to USD 10 million notional value outstanding without the need to establish the existence of underlying exposures.

Structural Regulation

Indonesia Has Adopted Measures to Implement PFMI: CPMI-IOSCO

By Editors | 09/04/2020

Since the 2019 update, Indonesia and Saudi Arabia have finished adopting measures that will enable them to implement the PFMIs for all financial market infrastructure types.

Structural Regulation

SGX RegCo Suspends Issuer Watch List, Raises Share Issue Limits

By Editors | 08/04/2020

The measures will help SGX issuers to focus on meeting current business and economic challenges and accelerate fund-raising efforts to address liquidity issues.

Structural Regulation

APRA Suspends Issuance of New Licenses

By Editors | 08/04/2020

Given the challenges new entrants face even under normal economic conditions, APRA does not consider it prudent to license new entities for at least the next six months.

Clearing & Post-Trade

Hong Kong to Implement Paperless Securities Market from 2022

By Editors | 08/04/2020

Submissions to a January 2019 consultation indicate strong support for the implementation of an uncertificated securities market in Hong Kong.

Operational Risk

ASIC, APRA Offer Best Practice Recommendations on LIBOR Transition

By Editors | 08/04/2020

ASIC, APRA and the RBA warn that a failure to transition to alternative reference rates could lead to significant reputational, operational and legal risk and disrupt financial markets.

Capital Adequacy

MAS Relaxes Capital Rules, Defers Policy Implementation

By Editors | 07/04/2020

MAS has adjusted banks’ capital and liquidity requirements to help sustain their lending activities, while also deferring a host of regulatory initiatives until further notice.