Structural Regulation

Structural Regulation

Singapore Consults on Adjustment Spreads for Legacy SIBOR Contracts

By Editors | 15/03/2023

Steering Committee proposes to have a period of active transition until 30 April 2024, before banks initiate an industry-wide automatic conversion process around June 2024.

Structural Regulation

FSC to Ease Rules to Help Korean FIs Expand Overseas

By Editors | 15/03/2023

New FSC taskforce will work on measures to help FIs expand and invest overseas and address issues that prevent global firms from entering the Korean market.

Payments & Settlements

Sea Group Launches Digital-only MariBank in Singapore

By Editors | 15/03/2023

Invitations are currently limited to users of Sea Group’s ecosystem such as Shopee customers and individual sellers.

Cryptocurrency

Barney Frank Says Signature Bank Was Targeted to Deliver Anti-Crypto Message

By Manesh Samtani | 15/03/2023

Barney Frank, who was on the board of Signature Bank, says the regulatory takeover was intended to send a message to US banks to stay away from crypto.

Alternative Markets

Korea May See ATS Platforms Launch Within This Year

By Editors | 14/03/2023

Applications for preliminary accreditation will be accepted between 27-30 March. Once authorisation is granted, firms will have six months to launch.

Trading & Investment

ISLA Releases New Templates for GMSLA Documentation

By Editors | 14/03/2023

ISLA and Linklaters collaborated to develop new GMSLA templates, covering default events, termination notices, and amendment agreements.

Resolution & Recovery

HSBC Acquires Silicon Valley Bank’s UK Unit for £1

By Editors | 14/03/2023

HSBC expects the deal to be profitable, strengthen its commercial banking franchise, and enhance its ability to serve innovative firms.

Structural Regulation

LBMA to Probe Perth Mint ‘Gold Doping’ Allegations

By Editors | 14/03/2023

Adverse findings under LBMA’s incident review process can result in refiners being struck off the Good Delivery List.

Emerging Prudential Risks

Australia to Commence Review of Managed Investment Schemes

By Editors | 13/03/2023

The review will consider enhancements to the MIS framework to identify gaps and reduce undue financial risk for investors.