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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
Shanghai Maps Out Plans to Become Global Wealth Hub
By Sanday Chongo Kabange | 31/05/2021
Shanghai will further open up to foreign investors and new financial services products will be introduced, including various derivatives products.
Trading & Investment
CSRC Green-lights Launch of Crude Oil, Palm Oil Options
By Editors | 30/05/2021
Crude oil options will launch on 21 June. Palm oil options will launch on 18 June. Both products will be open to foreign investors.
Structural Regulation
CBIRC Finalises Rules on the Sale of Wealth Management Products
By Manesh Samtani | 30/05/2021
The rules take effect from 27 June, with a new six-month transition period before full compliance is required.
Credit Risk
S. Korea: Internet Banks to Boost Low Credit Score Lending
By Ranamita Chakraborty | 30/05/2021
Internet-only banks will expand lending to mid to low credit borrowers to at least 30 percent of total lending by end-2023.
Conduct, Culture & Accountability
FSC Korea Provides No-Action Relief on Consumer Protection Law
By Editors | 29/05/2021
Action will not be taken against violations of regulations introduced or strengthened by the new Financial Consumer Protection Act until 24 September.
Trading & Investment
CBIRC Directs Banks to Stop Selling Commodities Futures – Report
By Sanday Chongo Kabange | 28/05/2021
The CBIRC has asked banks to completely unwind their books for commodities-linked products and stop selling them to individual investors.
Conduct, Culture & Accountability
LIBOR Transition in Cash Markets Remains Slow: ASIC
By Manesh Samtani | 28/05/2021
Only 14 percent of post-cessation date loans have robust fallbacks in place, said ASIC’s Nathan Bourne at a Bloomberg-ICMA webinar.
Structural Regulation
FIA Seeks Additional Clarity on China’s “Historic” Futures Law
By Manesh Samtani | 27/05/2021
FIA is requesting additional clarity on settlement finality and proposing that the protections in the new futures law be further expanded.
Structural Regulation
Thailand SEC Approves New Criteria for SME Fundraising
By Sanday Chongo Kabange | 27/05/2021
The new fundraising criteria for SMEs and startups proposed by the stock exchange are expected to become effective this year.
Payments & Settlements
Taiwan to Enable Interoperability Between E-payment Providers
By Ranamita Chakraborty | 27/05/2021
Amendments due to take effect from 1 July will enable users of e-payment services and stored-value facilities to transfer money across platforms.
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