Structural Regulation

Structural Regulation

Japan Considers Allowing SPAC Listings – Report

By Editors | 02/06/2021

Japan may allow SPAC listings on its markets as part of its growth strategy as early as next year.

Structural Regulation

Australia Considers Additional Rules for Litigation Funders

By Ranamita Chakraborty | 02/06/2021

The government will consider capping fees and the introduction of a minimum rate of return for class action members.

Trading & Investment

PBOC Issues Guidance on USD Loans Ahead of LIBOR Cessation

By Manesh Samtani | 02/06/2021

Guidance was issued on the terms that should be included in new and old contracts referencing USD LIBOR as well as in new contracts referencing SOFR.

Conduct, Culture & Accountability

CBIRC Issues Final Rules on Evaluating Bank Director Performance

By Sanday Chongo Kabange | 02/06/2021

The new rules, effective 1 July, will strengthen and standardise performance evaluations of directors and supervisors of banks and insurers, the CBIRC said.

Structural Regulation

CSRC Implements ‘Whitelist’ System for Securities Sector

By Editors | 02/06/2021

The 29 firms that have entered the “white list” will receive lower levels of supervisory scrutiny and be allowed greater flexibility in their business processes.

Trading & Investment

Hong Kong, Shanghai Announce First ETF Cross-Listings

By Editors | 02/06/2021

The ETF cross-listing mechanism provides Chinese investors another avenue to access the Hong Kong market besides Stock Connect.

Payments & Settlements

FSB Proposes Global Targets for Enhancing Cross-border Payments

By Editors | 01/06/2021

The FSB proposes quantitative targets for improving cost, speed, transparency and access for cross-border wholesale payments, retail payments and remittances.

Structural Regulation

Capital Markets Workforce Capped as Malaysia Enters Lockdown

By Editors | 31/05/2021

The banking, insurance, takaful and capital markets sectors will operate at 60 percent capacity during a 2-week lockdown starting 1 June.

Structural Regulation

HK to Exempt Top Execs of Financial Firms from Quarantine

By Sanday Chongo Kabange | 31/05/2021

Senior executives of licensed financial corporations or their overseas affiliates who are fully vaccinated, and meet the eligibility criteria, may apply for the exemption.