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Reporting on regulatory frameworks and rules governing market design, authorisation, and oversight of key financial market participants and infrastructures.
Structural Regulation
ASIC Seeks Greater Powers to Collect Data from Managed Funds
By Shruti Khairnar | 21/11/2020
ASIC’s Karen Chester says insolvencies and macro forces could present greater liquidity challenges to fund managers and affect investors’ ability to withdraw from funds.
Payments & Settlements
BOK, FSC Clash Over Supervisory Authority in Fintech, Payments
By Sanday Chongo Kabange | 21/11/2020
The FSC has proposed legislative amendments that would give it power over payment settlements in the fintech industry. The BOK says this will create redundant regulations.
Structural Regulation
NAFMII Issues New Rules for Interbank Bond Market
By Editors | 20/11/2020
The rules prohibit issuers from directly subscribing to their own bonds in the interbank market or buying them indirectly through affiliates or asset management products.
Structural Regulation
FSC Korea Threatens to Withdraw Incentives for Internet-only Banks
By Sanday Chongo Kabange | 20/11/2020
The FSC has criticised Kakao Bank for disregarding customers with average credit scores, and instead favouring borrowers with high credit scores.
Trading & Investment
FSC Korea to Enable Greater Retail Participation in IPOs
By Editors | 20/11/2020
From next month, the retail allocation of IPOs shares will increase from 20% to 30%, and a fairer approach to allocations will be adopted.
Trading & Investment
Sri Lanka Budget Offers Boost to Capital Markets, Banking Sector
By Duruthu E Chandrasekera | 19/11/2020
The government has proposed tax incentives for newly-listed companies and investment in REITs, in addition to proposals to strengthen the banking sector.
Trading & Investment
APLMA Seeks Consensus on SOFR-based Loan Facilities in APAC
By Manesh Samtani | 19/11/2020
New discussion drafts cover the use of SOFR for USD loan facilities in APAC, one using the compounded average approach and the other based on Daily Simple SOFR.
Trading & Investment
AllianceBernstein Seeks CSRC Approval for China Mutual Fund Unit
By Editors | 19/11/2020
US fund manager AllianceBernstein’s Hong Kong unit has applied to set up a mutual fund unit in China.
Structural Regulation
India’s Transition Away from LIBOR ‘Full of Challenges’
By Manesh Samtani | 19/11/2020
The RBI’s Vasudev Hemachandran writes about the need to replace MIFOR with an alternative rate, and the issues India faces in its transition.
Structural Regulation
US SEC to Propose Rules for Chinese Delistings Next Month
By Manesh Samtani | 18/11/2020
SEC officials have been working on the rules since August, when a presidential working group proposed enhanced listing standards to ensure access to Chinese audit work papers.
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