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Payments & Settlements
RBNZ Proposes Policy Options to Preserve Cash System
By Sanday Chongo Kabange | 02/12/2021
The increasing appeal of non-cash and online payment options and the reducing number of bank branches and ATMs could present resilience issues for the cash system.
Trading & Investment
SGX Launches First Leveraged and Inverse ETPs
By Editors | 01/12/2021
The listing enables investors to express market views without engaging in traditional leverage strategies that require margin monitoring or shorting, said SGX’s Michael Syn.
Structural Regulation
Refinitiv Launches USD IBOR Institutional Cash Fallbacks
By Editors | 01/12/2021
Fallbacks for institutional cash products are now production benchmarks. Prototype fallbacks for consumer cash products will be launched on 3 January 2022.
Conduct, Culture & Accountability
SFC Bans Former Private Banker Over False Academic Qualifications
By Editors | 01/12/2021
The SFC considers the former relationship manager to not be fit and proper as her conduct was “plainly dishonest”.
Structural Regulation
RBI to Update Rules on Ownership of Private Sector Banks
By Editors | 01/12/2021
Promoters will be able to increase their long-run stakes in private sector banks from 15 to 26 percent. The capital requirement for a universal bank licence will be doubled.
Conduct, Culture & Accountability
Bursa Malaysia to Enhance Conflict of Interest Disclosure Rules
By Editors | 01/12/2021
Proposed amendments will require directors and senior managers of listed companies to disclose their interests in competing businesses.
Trading & Investment
Wealth Connect to be Refined, Expanded Over Time: HKMA
By Mark Johnston | 01/12/2021
Account opening by attestation is expected to be piloted for the WMC’s Northbound scheme, allowing Hong Kong investors to participate without having to travel.
Payments & Settlements
HKEX Issues Update on FINI Operational Arrangements
By Manesh Samtani | 01/12/2021
HKEX provides key operational arrangement updates for FINI in a new information pack, including the onboarding requirements for market participants.
Clearing & Post-Trade
ASX Opens First Industry Test Environment for CHESS Replacement
By Editors | 01/12/2021
ITE1 is open for software providers to test functional and non-functional workflows for the new equities clearing and settlement system.
Payments & Settlements
SAFE Fines Tenpay for Breaching Foreign Exchange Rules
By Editors | 30/11/2021
Tenpay failed to submit relevant materials and handle foreign exchange sales services in accordance with regulations.
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