Markets & Infrastructure

Data Privacy

China Issues New Data Security Rules for Money Brokers

By Editors | 03/09/2023

The rules set out requirements for money brokers that provide data services to customers. A list of permitted data recipients is published.

Trading & Investment

CSRC Unveils 19-Point Enhancement Plan for Beijing Stock Exchange

By Editors | 01/09/2023

The plan includes more market makers, and greater participation from overseas investors, publicly offered funds, and private equity funds, among other measures.

Conduct, Culture & Accountability

HKMA Eases Audio-Record Requirement for PLP Sales

By Editors | 01/09/2023

Banks selling PLP products can adopt other post-sale controls instead of audio recording the entire selling process.

Clearing & Post-Trade

ASIC, RBA Set Expectations for ASX Industry Engagement

By Editors | 01/09/2023

ASIC and the RBA directed ASX to use its new advisory group to seek advice on Australia’s possible implementation of T+1 settlement.

Trading & Investment

Investors Sue MUFG Unit Over Credit Suisse AT1 Losses

By Editors | 01/09/2023

The plaintiffs say Mitsubishi UFJ Morgan Stanley Securities sold them the AT1 bonds without providing sufficient explanations and in violation of suitability rules.

Credit Risk

PBOC Pledges to Ease Funding Access for Private Enterprises

By Editors | 01/09/2023

Lenders will be required to set annual goals for lending to private enterprises; this lending will carry extra weight in banks’ performance reviews.

Resolution & Recovery

HKMA Consults on New Resolution Planning Guidance

By Manesh Samtani | 01/09/2023

The guidance focuses on the measures banks should have in place to ensure continuity of access to FMI services in a resolution scenario.

Structural Regulation

What SGX Regco Expects Of Disclosures Around Key Financial Indicators

By Boon Gin Tan | 31/08/2023

Boon Gin Tan and June Sim discuss SGX RegCo’s expectations of disclosures in respect of three financial indicators that are actively monitored.

Clearing & Post-Trade

HK Clearing Rules Updated to Account for Benchmark Reforms

By Manesh Samtani | 31/08/2023

The clearing obligation will no longer apply to transactions referencing LIBOR and EONIA, which have been discontinued.