Structural Regulation

Payments & Settlements

China Promotes Digital Services for Capital Account Business

By Mark Johnston | 23/11/2023

The PBOC and SAFE asked banks to provide digital services for capital account foreign exchange and cross-border RMB business.

Trading & Investment

Thai SEC Directs Stock Exchange to Tighten Short Selling Rules

By Mark Johnston | 23/11/2023

The regulator asked the SET to enforce stricter rules on short selling transactions, amid concerns of naked short selling in the market.

Payments & Settlements

China, Cambodia Sign Yuan Clearing Agreement

By Mark Johnston | 23/11/2023

The PBOC and the NBC have signed a memorandum of cooperation to facilitate financial transactions in yuan and enhance economic ties.

Structural Regulation

Indian Microfinance Body Calls Out Regulatory Gap in Fintech Lending

By Ajoy K Das | 22/11/2023

India’s MicroFinance Institutions Network has asked the RBI to intervene to ensure fintech lenders comply with microfinance regulations.

Trading & Investment

HKEX Introduces Reforms to Allow IPO “Double Dipping”

By Editors | 22/11/2023

The reforms allow existing shareholders and cornerstone investors of a listing applicant to subscribe for or purchase further securities.

Cryptocurrency

Crypto Firm Bittrex Global Announces Decision to Cease Operations

By Sanday Chongo Kabange | 22/11/2023

While Bittrex Global did not specify a reason for the decision, regulatory uncertainty is seen as the biggest factor.

Capital Adequacy

Citi Completes Sale of Indonesia Consumer Business to UOB

By Mark Johnston | 22/11/2023

UOB acquired Citi’s consumer banking operations in Indonesia, Malaysia, Thailand, and Vietnam.

Structural Regulation

Tax Incentives Crucial to Attracting Single Family Offices to Singapore

By Ranamita Chakraborty | 21/11/2023

The slew of sops along with the regulator’s focus on quality investors has made the city-state a preferred destination for the super-rich.

Cryptocurrency

SEC Charges Crypto Firm Kraken for Operating Without Registration

By Editors | 21/11/2023

The SEC said Kraken’s failure to register deprived investors of “significant protections” and “safeguards against conflicts of interest”.