Markets & Infrastructure

Structural Regulation

US Launches Probe Into Legacy Chips Made in China

By Editors | 26/12/2024

The probe will examine the impact of Chinese-made legacy chips used in everyday household goods and the defence industry.

Payments & Settlements

Hong Kong and UAE to Connect Debt Capital Markets

By Editors | 24/12/2024

HKMA and CBUAE aim to “allow seamless and cost-effective cross-border debt securities issuance, trading, investment, settlement as well as collateral management.”

Conduct, Culture & Accountability

FMA Says Westpac NZ Admitted to Overcharging 24,000 Customers

By Editors | 24/12/2024

The bank self-reported the issue, fully cooperated with the FMA’s investigation, and provided remediation to impacted customers.

Structural Regulation

Australia Publishes Ministerial Rules to Implement Global Minimum Tax

By Sanday Chongo Kabange | 23/12/2024

Treasurer Jim Chalmers said the ministerial rules will ensure multinational corporations operating in Australia pay their “fair share of tax”.

Trading & Investment

CSRC, SFC Finalise Enhancements to Funds Recognition Scheme

By Manesh Samtani | 23/12/2024

SFC’s Julia Leung said the enhancements will expand the business potential for asset managers and the diversity and scale of MRF products.

Fraud, Scams & Cybercrime

JBA Directs Banks to Conduct Inspections on Safe Deposit Boxes

By Editors | 23/12/2024

The notice to banks, which lists specific examples of inspection items, is a response to the theft of over JPY 1 billion from customers’ safe deposit boxes.

Trading & Investment

SEBI Extends Agri-Derivatives Trading Suspension for One Month

By Editors | 23/12/2024

The one-month extension, instead of the three one-year extensions seen since 2021, is viewed as a signal that the suspension might be lifted early next year.

Trading & Investment

HKEX Proposes to Enhance IPO Pricing and Offering Mechanism

By Manesh Samtani | 23/12/2024

Among its proposals, HKEX is exploring allowing a “staggered release” of the IPO lock-up for cornerstone investors.

Conduct, Culture & Accountability

Australia Considers Introduction of ‘Treating Customers Fairly’ Regime

By Manesh Samtani | 23/12/2024

Andy Schmulow talks to Regulation Asia about a project he is leading to investigate the introduction of a TCF regime in Australian financial services.