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Conduct, Culture & Accountability
CBIRC Whistleblower Handling Mechanism to Take Effect from March
By Editors | 20/01/2020
The measures oblige banking and insurance supervisors to investigate violations of banking and insurance laws and regulations reported by whistleblowers, and to protect their privacy.
Credit Risk
China Launches Upgraded Credit Reference System
By Editors | 20/01/2020
The new system covers 5 years of financial records, compared to 2 previously, including information on borrowers’ employment status, co-borrowing records, and utility payment history.
Structural Regulation
Benchmark Reform: HONIA Beckons but is Hong Kong Ready?
By CorporateTreasurer | 20/01/2020
TMA published feedback from market participants on HONIA as the successor to HIBOR in late December but unlike its US counterpart SOFR, Asian businesses are taking time to adapt.
Structural Regulation
Japan to Allow Regional Banks to Expand Outside Core Business
By Editors | 17/01/2020
FSA commissioner Toshihide Endo wants struggling regional lenders to engage with customers and help them grow, as a way to boost bank profitability and regional economies.
Supervision & Enforcement
Review Panel Offers Recommendations for Improving SFC Operations
By Editors | 17/01/2020
While welcoming the SFC’s front-loaded regulatory approach, the Process Review Panel says the regulator should be aware of its possible unintended effects and consider ways to minimise them.
Market Abuse
SEBI Exonerates Nine in NSE ‘Dark Fibre’ Case – Reports
By Editors | 17/01/2020
SEBI said there was no evidence to suggest the nine former and current NSE officials were involved in facilitating preferential market access for selected brokers.
Structural Regulation
UK Regulators Set Key LIBOR Transition Deadlines
By Editors | 17/01/2020
Market makers have until 2 March to adopt SONIA as the market convention for issuing sterling interest rate swaps, and until Q3 to end all new issuances of LIBOR-based cash products.
Trading & Investment
Hong Kong, Thailand Set to Sign Cross-Border Funds Agreement
By Editors | 17/01/2020
Hong Kong’s SFC and Thailand’s SEC plan to sign a mutual recognition of funds agreement within the second quarter of this year.
Structural Regulation
HKMA Urges Family Offices to Set Up in Hong Kong
By Editors | 17/01/2020
The HKMA has been working to enhance Hong Kong’s competitiveness as a family office hub by developing talent, enhancing investment opportunities, and outreach.
Structural Regulation
Trade Deal to Enable Early Entry of US Firms to China
By Manesh Samtani | 16/01/2020
Under the agreement, the December timeline for China’s removal of foreign ownership limits in the securities sector is brought forward to April.
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