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Reporting on regulatory frameworks and rules governing market design, authorisation, and oversight of key financial market participants and infrastructures.
Trading & Investment
SEBI Approves Proposals for Gold Exchange, Social Stock Exchange
By Editors | 01/10/2021
SEBI will allow trading in electronic gold receipts. A social stock exchange will be created. Regulations on related party transactions have been strengthened.
Payments & Settlements
HKMA Further Expands Eligible Collateral for RMB Facility
By Editors | 01/10/2021
Eligible collateral will include RMB, USD and EUR debt securities issued offshore by local governments at various levels in Mainland China.
Payments & Settlements
China: Alibaba Apps Include WeChat Pay as Payment Option
By Editors | 01/10/2021
The move comes after regulators ordered internet platforms to stop anti-competitive and monopolistic behaviour on their online platforms.
Conduct, Culture & Accountability
CSRC Issues Draft Rules Promoting ‘Honest’ Investment Banking
By Editors | 30/09/2021
The draft rules require investment banking intermediaries to strengthen risk control and strictly prohibit the use of below-market pricing to win business.
Structural Regulation
ISDA to Change BSBY, Ameribor Fallback Language
By Manesh Samtani | 30/09/2021
The FCA said the current fallback language for credit sensitive rates puts market participants at risk of breaching their obligations under BMR.
Structural Regulation
FCA Consults on Permitted Use of Synthetic LIBOR Rates
By Manesh Samtani | 29/09/2021
The FCA proposes to permit legacy use of synthetic GBP and JPY LIBOR in all contracts except cleared derivatives for the duration of 2022.
Structural Regulation
Entity-based Regulation Needed to Address Bigtech Risks: BIS
By Manesh Samtani | 29/09/2021
China’s financial holding company regime represents a novel entity-based regulatory approach for big techs, says a new BIS research paper.
Structural Regulation
RBI Amends FX Rules for Exports to Facilitate LIBOR Transition
By Editors | 29/09/2021
Under the amendment, authorised dealer banks can use ARRs in place of LIBOR for interest payable in export/import transactions.
Structural Regulation
PCAOB Adopts Rule on Delisting ‘Non-compliant’ Chinese Firms
By Sanday Chongo Kabange | 29/09/2021
The new rule could result in mass delistings of Chinese companies from the US market in 2024 unless the PCAOB is granted access to inspect Chinese audits.
Trading & Investment
20 HK Banks Apply to Participate in Wealth Connect – Report
By Editors | 28/09/2021
Balanced funds, money market funds, equity and bond funds are reportedly among the more than 100 types of investment funds awaiting the HKMA’s approval.
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