Markets & Infrastructure

    Trading & Investment

    China Regulators Issue Notice on Promoting Private Pensions

    By Darien Choong | 17/06/2022

    The notice encourages FIs to help individuals plan early for retirement and emphasises the need to improve income levels among the elderly.

    Credit Risk

    New Zealand: Responsible Lending Rules to Change on 7 July

    By Editors | 17/06/2022

    Responsible lending laws introduced in December have been blamed for causing tighter credit conditions for New Zealand borrowers.

    Clearing & Post-Trade

    HK Clearinghouses Adjusts Capital Requirement for GCPs

    By Editors | 16/06/2022

    General clearing participants have to maintain liquid capital of HK$100mn for their first five non-clearing participants, and HK$20mn for each additional non-clearing participant.

    Structural Regulation

    Japanese Tax System Derailing Tokyo Hub Ambitions: Report

    By Sanday Chongo Kabange | 16/06/2022

    The plan to reform the tax system to attract hedge funds to Tokyo has resulted in “preferential treatment no one would use.”

    Conduct, Culture & Accountability

    US SEC Penalises Schwab Over Robo-Adviser Disclosures

    By Editors | 16/06/2022

    High cash balances resulted in lower returns for robo-adviser clients.  The effect of this “cash drag” was not disclosed to clients, the SEC said.

    Structural Regulation

    US Lawmakers Propose Measures to Block Investment in China

    By Editors | 16/06/2022

    The bill, if passed, will bring more pain to US companies than Chinese companies, says a China Foreign Ministry spokesman.

    Conduct, Culture & Accountability

    NZ FMA Fines Cigna for ANZ Product Distribution Failures

    By Editors | 15/06/2022

    ANZ was fined last year for making misleading representations when distributing CCRI policies, many of which were issued by Cigna and OnePath.

    Trading & Investment

    ASX Consults on Fallbacks for 90 Day Bank Bill Futures

    By Editors | 15/06/2022

    ASX says the inclusion of fallback provisions in contractual documentation will provide contractual and risk management certainty.

    Clearing & Post-Trade

    Is Asia Pacific Ready for T+1 Settlement?

    By Nellie Dagdag | 15/06/2022

    Nellie Dagdag considers the implications of a move to T+1 settlement cycle for equities in Asia Pacific, and the benefits it will bring.

    Data Privacy

    UK-Singapore Digital Economy Agreement Enters Into Force

    By Darien Choong | 15/06/2022

    The agreement promotes cooperation on cross-border data flows, fintech, cybersecurity, and mutual recognition of digital identity systems.

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