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Payments & Settlements
Fed Establishes Repo Facility to Ease USD Funding Stress
By Editors | 31/03/2020
Foreign central banks can temporarily exchange their US Treasury holdings with the Fed for US dollars, which can then be made available to institutions in their own jurisdictions.
Structural Regulation
SEBI Extends Implementation Timelines on Key Market Reforms
By Editors | 31/03/2020
The new stewardship code for mutual funds is deferred three months. Portfolio managers, AIFs, and VC funds have two more months to comply with new disclosure requirements.
Trading & Investment
Short-selling Bans Fail to Achieve Positive Effects: WFE
By Manesh Samtani | 31/03/2020
In Asia, South Korea, Malaysia and Indonesia have imposed short-selling bans, while Thailand, Taiwan and India have tightened their rules to make the practice more difficult.
Trading & Investment
China Launches New LPG Futures, Options Contracts
By Editors | 31/03/2020
The day-apart launches mark the first time futures and options for a single product debut nearly simultaneously on a Chinese commodities exchange.
Structural Regulation
India: State Bank Merger Plan Takes Effect on 1 April
By Editors | 31/03/2020
A plan to merge ten state-run banks into four takes effect from 1 April, in a move that will help consolidate their national presence and extend their global reach.
Liquidity Risk
BOK to Provide Banks $12b in USD Funding This Week
By Editors | 30/03/2020
The move is expected to help stabilise US dollar funding markets, after the BOK signed a $60bn currency swap agreement with the US Federal Reserve earlier this month.
Structural Regulation
Goldman, Morgan Stanley Approved to Control China Securities JVs
By Editors | 29/03/2020
The two US banks have approval to raise their stakes in their securities joint ventures to 51%. On 1 April, foreign ownership caps for securities firms and fund managers will be scrapped entirely.
Alternative Markets
A New Structure for Private Equity Funds in Hong Kong
By Su Cheen Chuah | 28/03/2020
The Limited Partnership Fund Bill will be seen by PE industry stakeholders as a positive step towards bringing Hong Kong’s active PE market onshore, says international law firm Deacons.
Clearing & Post-Trade
Hong Kong to Update List of FSPs Under Clearing Obligation
By Editors | 27/03/2020
Eight additional entities are proposed to be included on the list of Financial Services Providers under the OTC derivatives clearing regime.
Structural Regulation
CBIRC Issues New Rules for Insurers’ Asset Management Products
By Editors | 27/03/2020
Insurance asset management products may not invest more than 35% of net assets in shadow banking assets, and may not invest in commercial banks’ credit assets directly.
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