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Structural Regulation
CSRC to Roll Back Private Placement Restrictions – Report
By Editors | 03/05/2019
The CSRC is reexamining February 2017 restrictions on private placements, to address difficulties for listed companies in financing debt roll-over, working capital and expansion.
Payments & Settlements
SWIFT Launches Payment Investigation, Resolution Capability
By Editors | 03/05/2019
The new capability will improve transparency, shorten resolution time and reduce manual intervention to resolve issues that arise along the payments chain.
Market Data & Technology
FSB Designates UK Agency as Sole UPI Service Provider
By Editors | 03/05/2019
The Derivatives Service Bureau will be the sole issuer of UPI codes and operate the UPI reference data library, facilitating the use of OTC trade reporting data in assessing systemic risk.
CBDCs
Singapore, Canada Conclude First Trial on CDBC Cross-Border Payments
By Editors | 02/05/2019
MAS and the Bank of Canada linked up experimental payment networks despite their being built on two different DLT platforms.
Structural Regulation
New Opening Up Measures Coming ‘Soon’ – CBIRC Chairman
By Editors | 02/05/2019
CBIRC chairman Guo Shuqing says 12 new measures will soon be introduced to further open up China’s financial sector to banks and insurers.
Conduct, Culture & Accountability
Westpacs Provision Extra A$510mn for Customer Remediation
By Editors | 02/05/2019
Misconduct linked to the issues identified by the royal commission could cost Australia’s four largest banks up to A$10bn.
Trading & Investment
HK-China Stock Connect to Include Dual Class Shares from July
By Editors | 02/05/2019
HKEX and the CSRC have agreed to allow listed companies with dual class shares to be included in the southbound Stock Connect trading starting in July.
Trading & Investment
Hong Kong, China Framework Comparison – Investment Suitability
By Prasanna Venkatesan | 01/05/2019
Synpulse’s Prasanna Venkatesan, Gregory Achache and Marina Mai compare the investment suitability frameworks of Hong Kong and mainland China, and their pain points.
Structural Regulation
Philippines Allows Foreigners to Serve as Bank Directors, Officers
By Editors | 01/05/2019
The Philippine central bank has amended rules that previously prohibited the election and appointment of foreign nationals as directors and officers of financial institutions in the country.
Market Abuse
UPDATED – NSE Ordered to Pay Disgorgement in Co-Location Case
By Editors | 01/05/2019
NSE will also be prohibited from issuing an IPO and launching new derivatives products for six months. Two former managing directors also found to be guilty.
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