Markets & Infrastructure

Payments & Settlements

China Issues New Rules for Foreign Financial Networks, Information Services

By Emma Zhou | 01/08/2018

New regulations require overseas financial network and information services providers such as SWIFT to submit written reports to the PBOC.

Payments & Settlements

Thailand to Offer Fee-Free ‘Basic’ Banking

By Garima Chitkara | 01/08/2018

Thailand’s banks will offer basic accounts that exempt senior citizens and welfare recipients from entry fees, annual charges and minimum deposit requirements.

Trading & Investment

China Proposes Easing Rules on ‘Strategic’ Foreign Investment in A-Shares

By Garima Chitkara | 01/08/2018

Ministry of Commerce consultation paper proposes to reduce lock-in period from three years to one and to reduce ownership and asset management thresholds.

Conduct, Culture & Accountability

ASIC Approves ABA Banking Code of Practice

By Garima Chitkara | 01/08/2018

New banking code expands legal protections for small business borrowers and retail customers; signatory banks have until July 2019 to implement the Code, but some are expected to be compliant earlier.

Structural Regulation

LIBOR Transition Programmes Should Mobilise Immediately – Report

By Manesh Samtani | 01/08/2018

New report by Oliver Wyman says firms should start developing new non-LIBOR products and managing down LIBOR exposures; those that do not act quickly in anticipation of the transition will increase risks and costs.

Conduct, Culture & Accountability

And Justice For All Banks

By Peter Guy | 30/07/2018

Directly fining banks for the misdeeds of former executives has proven to be unproductive. Yet, determining personal liability for individual bank officers continues to be an elusive and difficult task.

Trading & Investment

RBI Expands List of Eligible Government Bonds Short Sellers

By Garima Chitkara | 30/07/2018

RBI has allowed any entity with approval from a financial regulator to undertake short selling in government securities in addition to the current list of eligible short sellers.

Structural Regulation

China Amends Delisting Rules Amid Vaccines Scandal

By Manesh Samtani | 30/07/2018

Any company involved in illegal activities, disclosure rule violations, or whose action threatens public health, national or ecological security will face compulsory delisting from domestic exchanges.

Structural Regulation

Hong Kong’s Revised OFC Regime Goes Into Effect

By Garima Chitkara | 30/07/2018

Hong Kong’s new open-ended fund regime that will allow OFCs to be set up as corporates takes effect on 30 July.