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Reporting on regulatory frameworks and rules governing market design, authorisation, and oversight of key financial market participants and infrastructures.
Alternative Markets
HK Insurance Authority Unveils Details of ILS Grant Scheme
By Editors | 07/05/2021
Onshore and offshore sponsors of insurance-linked securities are eligible for the grant scheme, capped at HK$12mn per issuance.
Trading & Investment
US Banks Execute First BSBY-Linked Swaps Transaction
By Editors | 06/05/2021
Bank of America and JPMorgan Chase entered into a $250mn one-year basis swap with one side tied to BSBY, the other to SOFR.
Structural Regulation
New Zealand Passes Financial Market Infrastructures Bill
By Editors | 06/05/2021
The Bill provides the RBNZ and FMA with comprehensive regulatory, supervisory, enforcement, and crisis management powers in respect of important FMIs.
Structural Regulation
SFC May Have Doubts About Allowing SPAC Listings – Report
By Sanday Chongo Kabange | 06/05/2021
HKEX is preparing to consult the market by end-June at the earliest. However, market participants believe the odds are low that SPACs will be allowed in Hong Kong.
Fraud, Scams & Cybercrime
HKEX Proceeds to Delist Shares of Convoy Global Holdings
By Sanday Chongo Kabange | 06/05/2021
HKEX says its Listing Review Committee has upheld the May 2020 decision to cancel the listing of Convoy Global Holdings.
Trading & Investment
BSEC Allows Foreign Companies to Sponsor Mutual Funds
By Editors | 06/05/2021
Foreign companies will be allowed to become sponsors of mutual funds, subject to a maximum contribution of 25 percent of the find size.
Sustainable Finance
Australian Banks Face Backlash for Refusal to Finance Coal, Mining
By Ranamita Chakraborty | 06/05/2021
Small business ombudsman Bruce Billson is seeking powers to compel banks to “show cause” for decisions to refuse services to companies.
Structural Regulation
HKEX to Lessen Profit Requirement Hike for Main Board IPOs
By Manesh Samtani | 05/05/2021
The three-year profit requirement will be raised from HK$50mn to HK$80mn, compared to the HK$125mn or HK$150mn options proposed in November.
Structural Regulation
BSP Expects New Digital Banks to Launch in H2 2021
By Ranamita Chakraborty | 05/05/2021
The BSP has received four applications for digital bank licences, including two from thrift banks that wish to convert their existing licences.
Structural Regulation
KRX Mulls Additional Measures to Attract Unicorn Listings
By Sanday Chongo Kabange | 05/05/2021
Ahead of the introduction of dual-class shares, KRX will provide guidelines to help founders secure management rights jointly with other large shareholders.
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