Structural Regulation

Conduct, Culture & Accountability

ESMA Fines S&P Global Ratings for Breaching CRA Rules

By Mark Johnston | 24/03/2023

S&P prematurely published credit ratings before securities were issued, failed to disclose decisions for discontinuing some credit ratings, and took too long to correct factual errors in reported data.

Clearing & Post-Trade

Australia Proposes Measures to Improve Competition in Clearing and Settlement

By Sanday Chongo Kabange | 24/03/2023

ASIC will gain rule-making and enforcement powers and the ACCC arbitration powers, enabling them to enhance competition in the provision of clearing and settlement services.

Payments & Settlements

BIS Innovation Hub Completes Project Nexus Proof-of-Concept

By Editors | 23/03/2023

The next phase of Nexus will connect the instant payment systems of Singapore, Indonesia, Malaysia, Philippines and Thailand.

Trading & Investment

Korea to Launch Online Deposit Product Brokerage Service in June

By Editors | 23/03/2023

The service will allow consumers to compare and receive recommendations for deposit products from various FIs.

Structural Regulation

SFC Publishes “Quick Reference” Licensing Guides

By Editors | 23/03/2023

The quick reference guides are intended to encourage more family offices and private equity businesses to operate in Hong Kong.

Structural Regulation

China Plans to Allow Foreign FIs to List Domestically

By Editors | 22/03/2023

Foreign-funded institutions have become an “indispensable part” of the domestic financial system, said top official Lou Jiwei.

Resolution & Recovery

FDIC Running Two Separate Auctions for SVB Assets This Week

By Editors | 22/03/2023

SVB and its private bank may be sold separately. First Citizens BancShares, Apollo Global Management, and a group of VC firms are considering bids.

Structural Regulation

JBATA Finalises Fallback Methodology for TIBOR Contracts

By Manesh Samtani | 21/03/2023

JBATA has finalised the fallback provisions for cash products referencing JPY TIBOR or Euroyen TIBOR. The changes will take effect on 1 April.

Structural Regulation

CSRC Halts New Chinese Listings on SIX Swiss Exchange

By Editors | 21/03/2023

Chinese regulators are concerned that a substantial portion of GDRs are bought by domestic investors, who later exploit home market price differences.