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Reporting on regulatory frameworks and rules governing market design, authorisation, and oversight of key financial market participants and infrastructures.

Trading & Investment
RBI Asks Banks to Refrain from Large Bets Against Rupee – Report
By Ajoy K Das | 08/08/2024
RBI officials asked banks to “consider the existing position size the risk limit”, indicating it did not want them to add to existing bets against the rupee.

Structural Regulation
Vietnam, Singapore Agree to Boost Stock Exchange Cooperation
By Nithya Subramanian | 08/08/2024
The Vietnam Stock Exchange and Singapore Exchange will work together to develop products and boost stock and derivatives listings.

Conduct, Culture & Accountability
BSP Launches New Online Financial Literacy Initiative
By Sanday Chongo Kabange | 07/08/2024
The ‘BSP E-Learning Academy’ seeks to broaden the reach of financial education and strengthen consumer protection.

Structural Regulation
HKMA Consults on Renaming ‘Virtual Banks’ as ‘Digital Banks’
By Sanday Chongo Kabange | 07/08/2024
HKMA also published the results of its review of the industry, saying the requirement for virtual banks to primarily deliver retail banking services will be removed.

Structural Regulation
Tesla Seeks to Launch Insurance Broking Firm in China
By Editors | 07/08/2024
Tesla has registered a new insurance broking firm in China, but will need approval from the NFRA to formally enter the EV insurance market.

Structural Regulation
SEBI Proposes to Streamline Rules for Entities with Listed NCDs
By Ajoy K Das | 07/08/2024
SEBI proposes to align the approval and authentication process for financial results of entities with listed NCDs to that of equity-listed entities.

Structural Regulation
Chinese State-Owned FIs Instructed to Drop PwC – Report
By Editors | 07/08/2024
BOC, China Life Insurance, and PICC are among more than 30 listed Chinese companies that have dropped PwC as their auditor this year.

Data Privacy
US Regulators to Jointly Adopt Common Data Standards
By Editors | 06/08/2024
The Federal Reserve, SEC, CFTC and six other agencies will adopt common identifiers including the LEI and UPI.

Trading & Investment
Taiwan to Amend Regulations to Allow First Active ETFs
By Manesh Samtani | 06/08/2024
Both active stock ETFs and active bond ETFs will be allowed, with requirements for daily announcements of actual portfolio holdings.

Credit Risk
New Zealand Eases Loan Affordability Assessment Rules
By Sanday Chongo Kabange | 06/08/2024
The government has removed prescriptive loan affordability requirements from the Credit Contracts and Consumer Finance Act.
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