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Conduct, Culture & Accountability
HKMA Reveals Preliminary Findings from Bank Culture Assessments
By Manesh Samtani | 16/01/2020
HKMA executive director Alan Au says banks generally agree with the need to foster sound bank culture and have been implementing a range of culture enhancement initiatives.
Structural Regulation
SGX Proposes Tighter Auditing, Property Valuation Standards
By Editors | 16/01/2020
Foreign issuers may appoint foreign auditors, but an ACRA-registered firm must also serve as a joint auditor. Standards for property valuations by issuers are also being raised.
Clearing & Post-Trade
ISDA Chief Calls for Certainty on China Close-out Netting
By Manesh Samtani | 16/01/2020
The lack of legal certainty and judicial recognition on close-out netting can impede capital market development in China, impacting domestic FIs the most, ISDA’s Scott O’Malia said.
Trading & Investment
Hang Seng Index Operator Seeks Views on Constituent Eligibility
By Editors | 16/01/2020
The operator of the Hang Seng Index is soliciting market views on the eligibility of weighted voting rights and secondary-listed companies for inclusion in the benchmark.
Conduct, Culture & Accountability
SEBI Grants Two-Year Reprieve for Separation of Chairman, MD Roles
By Editors | 15/01/2020
The top 500 listed companies by market cap have two additional years to comply with a requirement to separate the roles of chairman and managing director.
Payments & Settlements
Malaysia to Boost Digital Payments with $110m Giveaway
By Editors | 15/01/2020
Every Malaysian aged 18 years and above, and earning less than 100,000 ringgit a year, is eligible to receive a one-off 30 ringgit through one of three e-wallet companies.
Trading & Investment
Hong Kong, China Resume Discussions on ETF Connect
By Editors | 15/01/2020
SFC deputy chief executive Julia Leung has indicated that discussions with the CSRC have resumed to address the technical challenges of implementing an ETF Connect.
Structural Regulation
Singapore Launches New VCC Framework for Funds
By Manesh Samtani | 15/01/2020
To mark the launch, 20 investment funds have established or re-redomiciled in Singapore as VCCs. To encourage adoption, MAS will fund up to 70% of eligible expenses to set up a VCC.
Structural Regulation
China to Introduce New Rules for Online-only Banks – Report
By Editors | 15/01/2020
The framework will enable foreign banks in China to set up separate digital banking platforms, while also covering existing online-only banks WeBank, MYbank and AiBank.
Structural Regulation
US Finalises Rules Expanding Foreign Investment Review Process
By Editors | 15/01/2020
Foreign investors will be subject to the CFIUS national security review process even for deals to take a non-controlling interest in certain US companies.
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