Markets & Infrastructure

Structural Regulation

India: IFSCA Seeks to Merge GIFT City Exchanges – Report

By Editors | 10/08/2022

IFSCA is reportedly seeking to execute a merger between India INX and NSE IFSC, which are subsidiaries of BSE and NSE respectively.

Structural Regulation

RBI Widens Scope of Ombudsman Mechanism to Include CICs

By Editors | 10/08/2022

Credit information companies will be required to have their own internal ombudsman framework, the RBI said.

Trading & Investment

New Rules on Bookbuilding & Placing Activities Take Effect in Hong Kong

By Manesh Samtani | 10/08/2022

The new requirements represent the “most significant” regulation of debt primary markets in Asia-Pacific in recent memory, ICMA said in its latest quarterly report.

Trading & Investment

China: Dalian Exchange Launches Trading in Soybean, Soyoil Options

By Editors | 10/08/2022

The new contracts will help firms to meet their risk management needs and also support the high-quality development of the related sectors, the CSRC said.

Trading & Investment

BSEC Secures Pledge from Brokers to Support Stock Market

By Manesh Samtani | 10/08/2022

Merchant bankers also agreed to provide support. Listed companies were asked to form market-making subsidiaries. Bangladesh Bank amended its rules on calculating bank exposure limits.

Structural Regulation

China to Remove Foreign Ownership Cap for Insurance AMCs

By Editors | 10/08/2022

The CBIRC said a 25 percent cap on foreign ownership of insurance asset management companies will be scrapped on 1 September.

Emerging Prudential Risks

PBOC, CBIRC to Launch New Retirement Savings Pilot

By Darien Choong | 10/08/2022

ICBC, Bank of China, China Construction Bank and Agricultural Bank of China will launch encourage personal deposits in retirement savings products.

Payments & Settlements

RBI Defers Deadline for Acquiring Banks to Purge Customer Card Data

By Editors | 09/08/2022

All entities in the transaction chain other than acquiring banks, card issuers and card networks must purge card-on-file data from 1 October 2022.

PEPs & Sanctions

Russia Bars Asset Sales by Investors from Unfriendly Nations

By Editors | 09/08/2022

A presidential decree prevents investors from so-called unfriendly countries from selling their stakes in banks, strategic entities, and other projects.