Structural Regulation

Structural Regulation

Taiwan FSC to Increase Flexibility of OBU Account Regulations

By Darien Choong | 08/12/2021

Restrictions on fund movements and parking of funds in offshore banking unit accounts will be eased, the FSC said.

Structural Regulation

HKEX Plans to Open New York Office in Early 2022 – Report

By Editors | 07/12/2021

The planned New York office will reportedly comprise only about five staff, subject to HKEX obtaining the necessary regulatory licences.

Structural Regulation

ASIC Set to Undergo First Review by New Monitoring Body

By Sanday Chongo Kabange | 07/12/2021

The new Financial Regulator Assessment Authority will assess ASIC’s effectiveness and capability including in its surveillance and licensing functions.

Structural Regulation

CBIRC Issues Draft Rules on Fair Pricing of Banking Services

By Darien Choong | 06/12/2021

Banks should not engage in unfair competition through low pricing, and they must not charge fees without providing substantive services.

Structural Regulation

Citigroup Applies to CSRC for China Securities Licence

By Editors | 06/12/2021

Citigroup reportedly plans to also apply for a futures licence in China in the coming months.

Structural Regulation

OJK Launches Five Year Roadmap for Rural Bank Development

By Mark Johnston | 06/12/2021

Indonesia’s OJK has launched a five year development roadmap for the country’s rural banks and Sharia rural banks.

Trading & Investment

USD Cross-currency Derivatives to Use SOFR from 13 December

By Editors | 06/12/2021

Under part two of the second phase of SOFR First, interdealer brokers are asked to use SOFR instead of LIBOR in the USD leg of all newly-executed cross-currency derivatives.

Structural Regulation

Treasury Offers Recommendations to Improve AFCA’s Operations

By Sanday Chongo Kabange | 05/12/2021

Treasury recommends government remove the legislative requirement for authorised credit representatives to be members of AFCA.

Trading & Investment

China Regulators Grow Increasingly Cautious of Quant Funds

By Editors | 05/12/2021

AMAC has reportedly closed a fast-track channel for quant fund managers, reflecting concerns that algo-based trading can increase volatility and unfairness in markets.