Markets & Infrastructure

Cybersecurity

Virtual Banks in Hong Kong: Bringing Risks and Opportunities To Asia

By Kristi Swartz | 21/08/2018

A new era of smart banking in Hong Kong is anticipated to begin at the end of this year with the establishment of virtual banks. Competent players will embrace enormous opportunities to challenge the city’s traditional banking model.

Structural Regulation

A New Era for Sino-Foreign Securities JVs

By Benjamin Quinlan | 21/08/2018

For foreign players looking to set up a securities business in China, effectively monetising the JV opportunity isn’t so straightforward, and necessitates an in-depth understanding and review of strategic, regulatory, financial, and operational considerations.

Conduct, Culture & Accountability

CSRC Bars Dagong from Ratings Business for One Year

By Garima Chitkara | 20/08/2018

The ratings agency is a target of an investigation by the securities regulator for poor governance and risk management following a spate of overly optimistic ratings given to local issuers.

Trading & Investment

SEBI Cuts Time for Listing Debt Securities in Half

By Garima Chitkara | 20/08/2018

India’s securities regulator has cut the timeline for listing debt securities from 12 to six days to streamline the issuance process and make it more cost effective.

Structural Regulation

FSB Conducts Peer Review on LEI Implementation

By Garima Chitkara | 20/08/2018

The FSB is proposing a thematic peer review to analyse LEI adoption among member jurisdictions and identify the implementation challenges faced by firms.

Structural Regulation

Trump-Proposed Shift from Quarterly Earnings Reports Will Hurt Investors

By Peter Guy | 20/08/2018

President Trump’s proposal to shift earnings reporting from quarterly to just every six months will mean less transparency, which will be harmful to investors and the public.

Market Data & Technology

CPMI, IOSCO Consult on Governance of OTC Derivatives Data

By Editors | 20/08/2018

New consultative document identifies key criteria, functions and bodies for the governance arrangements for critical OTC derivatives data elements data, other that UTI and UPI.

Structural Regulation

Vietnam to Restrict Licences for Foreign Banks

By Garima Chitkara | 16/08/2018

Vietnam is looking to potentially stop issuing licenses to foreign banks even as the State Bank of Vietnam is proposing to ease requirements for the establishment of domestic banks.

Conduct, Culture & Accountability

New Zealand FMA Work Plan to Focus on Conduct, Culture

By Garima Chitkara | 16/08/2018

New Zealand’s Financial Markets Authority expects firms to put customer interests first; work plan to focus on conduct, culture, governance.