Markets & Infrastructure

Structural Regulation

Alibaba May Be Excluded from HK-China Stock Connect – Report

By Editors | 12/02/2020

A decision has not yet been made to revise a previous arrangement that excludes companies with secondary listings and weighted voting rights from Stock Connect.

Cloud & Infrastructure

Bill Passes to Enhance ASIC’s Fintech Regulatory Sandbox

By Editors | 12/02/2020

Under the amendments, firms will be able to test a wider range of new financial and credit products and services without a licence from ASIC, for a longer time.

Conduct, Culture & Accountability

Advice Remediation at Six Biggest FIs Reaches A$750m: ASIC

By Editors | 12/02/2020

NAB has paid over A$203mn to over 588,000 customers as compensation for non-compliant advice and fees-for-no-service misconduct.

Payments & Settlements

China Green Lights Mastercard JV to Enter Bank Card Clearing Market

By Editors | 12/02/2020

The approval follows a commitment from China to expedite pending licence applications from US payments providers as part of the phase one trade deal.

Capital Adequacy

Sea and Grab-Singtel “Leading Singapore Digital Bank Race”

By CorporateTreasurer | 12/02/2020

S&P Global Market Intelligence believes digital banking contenders Sea and the Grab-Singtel consortium are the most likely to gain coveted digital bank licences in Singapore.

Structural Regulation

CBIRC’s New Rules for Trust Companies to Take Effect in March

By Editors | 11/02/2020

When the measures take effect, a $1bn asset threshold required of foreign financial institutions to hold shares in domestic trust companies will be effectively cancelled.

CBDCs

Federal Reserve Explores Feasibility of US Dollar CBDC

By Editors | 11/02/2020

The Fed is exploring policy and design issues, legal considerations, and financial stability and resilience implications, governor Lael Brainard says.

Trading & Investment

Sri Lanka Should Start LIBOR Transition ‘Immediately’ – ICRA

By Editors | 11/02/2020

The central bank, financial institutions, and companies must assess the impact, and the LIBOR transition should start “immediately”, says ICRA Lanka, a Moody’s group company.

Clearing & Post-Trade

India to Introduce Netting Legislation, Margin Rules for Derivatives

By Manesh Samtani | 11/02/2020

Prompted by a Budget proposal to introduce netting legislation “soon”, the RBI says it will likewise issue directions on the exchange of margin for non-centrally cleared derivatives.