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Reporting on regulatory frameworks and rules governing market design, authorisation, and oversight of key financial market participants and infrastructures.
Conduct, Culture & Accountability
Sydney Court Orders SocGen Securities to Pay A$30,000 Penalty
By Sanday Chongo Kabange | 22/10/2020
SocGen pleaded guilty in July for failing to pay client money into segregated authorised bank accounts and for making payments out of a client money account that were not permitted.
Cloud & Infrastructure
India’s Gift City Regulator Introduces Regulatory Sandbox Framework
By Sanday Chongo Kabange | 22/10/2020
All entities operating in the capital market, banking, insurance and pension sectors, as well as individuals and startups from India and FATF-compliant jurisdictions, are eligible.
Structural Regulation
UK Consults on Post-Brexit Regulatory Framework for Financial Services
By Editors | 22/10/2020
The consultation proposes a blueprint for the future regulatory framework that more clearly allocates responsibilities between Parliament, HM Treasury and financial services regulators.
Conduct, Culture & Accountability
HKMA Asks FIs to Protect Customer Interests in LIBOR Switch
By Manesh Samtani | 21/10/2020
Banks are expected to develop robust education and outreach programmes to help customers make informed decisions when assessing the options available in the transition.
Structural Regulation
FSTB to Introduce ‘Corporate Rescue’ Bill for LegCo Deliberation
By Sanday Chongo Kabange | 21/10/2020
The FSTB also plans to introduce bills to provide targeted tax relief for private equity funds, enable a paperless securities market in Hong Kong, and progress work on the new eMPF platform.
Structural Regulation
Shenzhen Granted Autonomy to Enact Market-based Reforms
By Editors | 19/10/2020
Shenzhen will be able to make its own laws on artificial intelligence and big data, start a stock futures index, and list companies on its stock market with depositary receipts.
Trading & Investment
CSRC Green-lights Ant Group Hong Kong Stock Listing
By Editors | 19/10/2020
The approval follows reports that a probe into a potential conflict of interest in the planned $35bn stock listing threatened to delay the IPO.
Trading & Investment
China Vows to Improve Quality of Listed Companies
By Editors | 18/10/2020
A new State Council guideline promotes the issuance of domestic shares to purchase overseas assets, and greater inbound investment from qualified foreign investors.
Trading & Investment
HKMA Expects Adherence to ISDA IBOR Fallbacks Protocol
By Editors | 18/10/2020
The HKMA expects authorised institutions to adhere to the Protocol before it takes effect and to encourage counterparties to do the same.
Trading & Investment
FSB Sets Out Global Transition Roadmap for LIBOR Phaseout
By Editors | 18/10/2020
By end-2020, firms should be in a position to offer non-LIBOR loans to customers. By 25 January, firms should adhere to the ISDA fallbacks protocol.
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