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Structural Regulation
RBNZ, FMA Releases Finalised Framework for FMIs
By Sanday Chongo Kabange | 21/01/2022
Changes from the consultation relate to the treatment of critical service providers and introduce discretion regarding the publication of material breaches.
Credit Risk
New Zealand to Probe Lenders on Application of New Lending Rules
By Mark Johnston | 20/01/2022
The government has asked the Council of Financial Regulators to bring forward an investigation into whether lenders are implementing the new lending rules as intended.
Trading & Investment
Shanghai INE Opens Applications for New Market Makers
By Sanday Chongo Kabange | 20/01/2022
Shanghai INE says new market makers must have net assets of no less than CNY 50 million or its equivalent in foreign currency.
Structural Regulation
CMB Backed SPAC Applies for Hong Kong Listing
By Editors | 20/01/2022
The SPAC listing application was made by Aquila Acquisition Corporation, whose ultimate parent is China Merchant Bank.
Capital Adequacy
ASX Recalibrates Capital Requirements for Clearing Participants
By Manesh Samtani | 20/01/2022
An October 2020 proposal to introduce ‘Adjusted Liquid Capital’ as a single capital measure will be implemented no earlier than February 2023, with some adjustments.
Conduct, Culture & Accountability
Statewide Superannuation Fined for Overcharging, Misleading Members
By Sanday Chongo Kabange | 19/01/2022
Statewide also reported its breaches to ASIC some 45 days late. The firm is required to undertake a remediation programme and engage an independent expert for review.
Structural Regulation
BSEC Mulls Rule Changes to Allow IPOs from Loss-making Firms
By Ranamita Chakraborty | 19/01/2022
The BSEC is working to set a new method for valuing technology startups with high growth potential to enable them to list on the stock market.
Clearing & Post-Trade
CSRC Proposes to Enhance Securities Settlement System
By Darien Choong | 19/01/2022
The draft rules enable DvP settlement for proprietary and custody businesses involving institutional investors by linking securities transfers to cash payments.
Conduct, Culture & Accountability
Bursa Malaysia Enhances Rules on Board Independence, Diversity
By Editors | 19/01/2022
The rule amendments limit board tenure to 12 years, require the appointment of at least one woman director, and enhance transparency on board appointments.
Market Risk
HKMA Emphasises PvP Settlement in Revised FX Guidance
By Manesh Samtani | 19/01/2022
Banks should aim to have all their FX trades become eligible for PvP settlement, while also encouraging counterparties to do the same.
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