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Trading & Investment
LME to Cease Trading in Gold, Silver Futures in July
By Editors | 27/04/2022
The LME said the decision was made following discussions with market participants and “in light of the low levels of trading activity”.
Structural Regulation
HKEX, SFC to Open HKIDR Testing to Market on 16 May
By Sanday Chongo Kabange | 27/04/2022
Regulated intermediaries are asked to get ready for the testing, which is mandatory. The HKIDR is expected to be implemented in the later part of Q4 2022.
PEPs & Sanctions
China UnionPay to Halt Operations in Russia
By Editors | 27/04/2022
UnionPay has reportedly halted negotiations with Russian banks on issuing new bank cards for their customers to avoid possible sanctions.
Conduct, Culture & Accountability
Singapore: New Guidance Issued on Enhancing Insurer Service Quality
By Editors | 26/04/2022
Singapore’s Insurance Culture and Conduct Steering Committee published a third paper offering guidance on improving conduct and culture in the insurance ecosystem.
Trading & Investment
SFC Proposes Amendments to Position Limit Regime
By Editors | 26/04/2022
The proposals will expand the list of futures and options contracts for which the SFC may prescribe position limits.
Structural Regulation
China Proposes to Enhance Licencing System for Dual-use Goods
By Darien Choong | 26/04/2022
The draft regulations are aimed at fulfilling China’s international obligations on non-proliferation and addressing the fragmented structure of the existing rule system for export controls.
Conduct, Culture & Accountability
Trust in Singapore Banking Industry is Increasing: ABS
By Manesh Samtani | 26/04/2022
ABS highlighted banks’ efforts to improve complaints handling, tackle digital scams, and enhance accountability, conduct and culture.
Structural Regulation
CSRC Vice Chair ‘Hopeful’ on US-China Audit Supervision
By Darien Choong | 26/04/2022
CSRC vice chair Fang Xinhai said he is “very hopeful” that an agreement can be reached with US regulators in the “near future”.
CBDCs
BIS, Bank Indonesia Invite Firms to Solve CBDC Challenges
By Editors | 26/04/2022
Firms are invited to develop new solutions for issuing and distributing CBDCs, improve interoperability and advance financial inclusion.
Structural Regulation
RBI Expands LEI Requirements for Corporate Borrowers
By Manesh Samtani | 26/04/2022
The RBI has prescribed timelines for borrowers with exposure of INR 50 million to obtain an LEI, including customers of NBFCs and UCBs.
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