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Structural Regulation
SEBI Concerned About AUM Concentration Among Mutual Funds
By Garima Chitkara | 27/08/2018
SEBI chairman expressed concern about the high concentration of AUM among the top mutual funds and spoke of the need for greater competition in the industry.
Payments & Settlements
SWIFT Trials Instant Cross-Border Payments Service in Asia Pacific
By Garima Chitkara | 27/08/2018
SWIFT is set to trial its gpi payments service using Australia’s New Payments Platform, together with banks from China, Singapore and Thailand.
Structural Regulation
China Scraps Foreign Ownership Limits in Domestic Banks, Asset Managers
By Editors | 27/08/2018
Banking regulator says foreign firms will now be treated as local institutions in terms of market access and administrative licensing.
Payments & Settlements
Major Banks Slow to Adopt New Payments Platform – RBA
By Garima Chitkara | 24/08/2018
RBA governor says major banks are slow to adopt NPP, Australia’s new real-time settlement system; however, banks have begun to speed up the uptake process, the assistant governor said.
Structural Regulation
CFTC Grants Osaka Exchange FBOT Registration Status
By Editors | 23/08/2018
Osaka Exchange demonstrates the attributes of an established, organised exchange which is subject to continued oversight by regulators, the CFTC said.
Structural Regulation
Trade Row May Delay US Banks Seeking China Expansion – Report
By Manesh Samtani | 23/08/2018
US banks believe trade tensions could delay or prevent approvals to increase their stakes in Chinese subsidiaries, possibly enabling European banks to an gain upper hand.
Supervision & Enforcement
Hong Kong Forex Broker Fined for Mishandling Client Money
By Editors | 23/08/2018
HPI Forex Limited transferred client money from segregated client account to two overseas brokers, breaching the Code of Conduct and the SFC’s client money rules.
CBDCs
Thailand Central Bank Digital Currency Prototype Slated for Q1 2019
By Editors | 22/08/2018
Bank of Thailand will work with 8 participating banks to design, develop and test domestic wholesale funds transfers using a central bank digital currency.
Trading & Investment
SOFR Gains Acceptance as LIBOR Alternative
By Manesh Samtani | 22/08/2018
Credit Suisse, the World Bank and Fannie Mae have now all issued new debt referencing the SOFR, which draws from actual repo market transactions to reflect the cost of borrowing cash secured against US government debt.
Market Abuse
Merrill Lynch High Speed Trading Under KRX Scrutiny
By Garima Chitkara | 22/08/2018
The public expressed concern through online petitions to the President’s office over Merrill Lynch’s high frequency trading operations in Seoul.
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