Markets & Infrastructure

Fraud, Scams & Cybercrime

Taiwan Passes Law Changes to Deter Property Speculation

By Editors | 17/01/2023

The amendments introduce fines up to TWD 50 million for market manipulation and the spreading of false information regarding housing prices.

Payments & Settlements

China Directs Banks to Use Yuan in Cross-border Transactions

By Editors | 17/01/2023

Banks are directed to prioritise the use of the yuan in cross-border trade, as well as in overseas investment and financing transactions.

Structural Regulation

Thai Stock Exchange Unveils Three Year Strategic Plan

By Sanday Chongo Kabange | 16/01/2023

The strategic plan focuses on creating more opportunities for businesses and investors and ensuring the SET can accommodate capital market growth.

Structural Regulation

Schroders Wins Approval to Set Up Mutual Fund Unit in China

By Editors | 16/01/2023

The Schroders approval follows several other new approvals for foreign-owned mutual fund businesses, granted to Neuberger Berman, Fidelity International, and Manulife.

Data Privacy

CBIRC Issues New Rules on Reporting Regulatory Statistics Data

By Editors | 15/01/2023

Banks and insurers are required to manage statistical reporting work centrally, from a dedicated department, and to establish data review, governance, and quality control mechanisms.

Payments & Settlements

SEBI Issues New Standards for Handling Stock Exchange Outages

By Sanday Chongo Kabange | 15/01/2023

Outages must be reported within 15 minutes. Updates must be provided every 45 minutes. Trading hours can be automatically extended for other exchanges.

Credit Risk

FIA Publishes Netting and Collateral Opinions for China

By Editors | 13/01/2023

China’s adoption of its new Futures and Derivatives Law in August 2022 made it possible for FIA to commission the opinions.

Structural Regulation

Thailand Proposes Licensing Framework for Virtual Banks

By Sanday Chongo Kabange | 13/01/2023

Foreign shareholders can own up to 25% of a virtual bank. A BOT waiver raises this to a 49% limit. Three licences will be granted next year.

Trading & Investment

Russia to Resume Yuan Trading to Stabilise Ruble

By Editors | 13/01/2023

The move comes a year after the central bank suspended yuan trading. The finance ministry said it is allocating the equivalent of about $800mn for FX trades.