Structural Regulation

Structural Regulation

Australia On Track for Smooth IBOR Transition: S&P Global

By Manesh Samtani | 24/02/2021

Like other jurisdictions, AONIA does not yet have an established term market, however banks and corporates can reference the three-month BBSW where a term rate is needed.

Structural Regulation

Schroders Wealth Management JV Wins CBIRC Approval

By Editors | 24/02/2021

The joint venture with BOCOM will become the third wealth management JV with foreign majority owners to receive regulatory authorisation in China.

Structural Regulation

Bursa Malaysia to Allow Lower Public Shareholding Spreads

By Editors | 23/02/2021

The exchange will consider applications from issuers to have public shareholding spreads of between 15% and 20%, compared to current requirements for 25%.

Resolution & Recovery

DBS Faces Legal Challenge Following Takeover of Indian Bank

By Ranamita Chakraborty | 23/02/2021

DBS said the local government and the RBI, who drafted and approved the takeover proposal, would be primary respondents in the lawsuits.

Trading & Investment

FTSE Russell to Add STAR Market Stocks to Global Benchmark

By Editors | 23/02/2021

The changes, effective from 22 March, are expected to result in $100mn of passive inflows to STAR Market stocks.

Conduct, Culture & Accountability

SFC Fines Asset Manager for Short Position Reporting Errors

By Editors | 23/02/2021

The SFC found that 7,814 short positions held by collective investment schemes managed by Brilliance Asset Management were either misstated or omitted.

Conduct, Culture & Accountability

Targeted Product Intervention to Lead to ‘Less Regulation’: ASIC

By Ranamita Chakraborty | 22/02/2021

Commissioner Sean Hughes said ASIC will only need to intervene when there are signs of harm and misconduct, emphasising the checks and balances in place.

Trading & Investment

HKEX Probes for Rule Violations by Retail IPO Investors

By Editors | 22/02/2021

Brokers involved in the New Horizon Health IPO have been asked to provide information on the retail investors who were allotted stocks.

Trading & Investment

SGX to Seek Out Acquisition Targets to Drive Growth

By Ranamita Chakraborty | 22/02/2021

SGX plans to continue its M&A focus to strengthen its FX, fixed income, data and capital markets connectivity businesses, says chief executive Loh Boon Chye.