Structural Regulation

Trading & Investment

CSRC Issues Derivatives Trading Rules for Follow-up Consultation

By Manesh Samtani | 20/11/2023

Excessive speculative behaviour and overly complex products are restricted. Derivatives traders must meet suitability standards.

Structural Regulation

Australia Consults on Options for Reforming Merger Rules

By Sanday Chongo Kabange | 20/11/2023

Treasurer Jim Chalmers said any changes to merger rules would be about “delivering greater benefits to the economy and to consumers, and providing certainty to business”.

Structural Regulation

Indian Court Orders Calcutta Stock Exchange to Halt Trading on NSE

By Ajoy K Das | 20/11/2023

SEBI barred the CSE from operating its equities trading platform in 2013. It has since been allowing its members to trade on via the NSE. The agreement with NSE expired in September 2021.

Payments & Settlements

RBI Allows Banks to Give Exporters Extra Flexibility in Trade Transactions

By Ajoy K Das | 20/11/2023

Banks maintaining special rupee vostro accounts are permitted to open an additional special current account for exporters.

Payments & Settlements

PBOC Allows Mastercard to Launch China Card Clearing Business

By Editors | 20/11/2023

Mastercard is the second overseas bank card clearing institution to enter the Chinese market, after an American Express unit was granted approval in 2020.

Structural Regulation

Australia Advances Bill to Enshrine Superannuation Objective in Law

By Editors | 19/11/2023

Treasurer Jim Chalmers said the bill will prevent government from raiding superannuation “for its own purposes” and help ensure a “dignified retirement for more Australians.”

Conduct, Culture & Accountability

FDIC Faces Investigation Over Sexual Misconduct Allegations

By Editors | 19/11/2023

FDIC chair Martin Gruenberg, who headed the agency from 2011 to 2018, is under scrutiny for allowing widespread harassment to persist for over ten years.

Structural Regulation

ASIC Consults Changes to the ABA Banking Code of Practice

By Editors | 19/11/2023

This is the first time ASIC has undertaken a public consultation before making a decision on approving the Banking Code of Practice.

Conduct, Culture & Accountability

SGX RegCo Calls for “Real Change” on Board Diversity and Renewal

By Mark Johnston | 19/11/2023

SGX RegCo CEO Tan Boon Gin discussed the benefits and challenges of board diversity and renewal, and expectations for listed issuers.