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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
StanChart Seeks Regulatory Approval for China Securities Unit
By Editors | 13/10/2020
The CSRC has accepted an application from Standard Chartered Hong Kong to set up a securities firm in the mainland.
Structural Regulation
CSRC Probe Forces Ant Group to Delay IPO – Report
By Editors | 13/10/2020
The CSRC is said to be looking into the role of Alipay as the only third-party channel through which retail investors could buy into five mutual funds investing in the IPO.
Payments & Settlements
Wirecard Service Halt Disrupts Singapore Merchants – Report
By Editors | 13/10/2020
Singapore merchants were caught off guard when Wirecard services stopped functioning this month. Many have been accepting payments via bank transfer, cash or digital platforms.
Trading & Investment
PBOC Scraps Risk Reserve Requirement on FX Forwards
By Editors | 13/10/2020
The risk reserve ratio previously made it more expensive to bet against the yuan by forcing FIs to set aside extra cash when buying FX forwards for clients.
Payments & Settlements
FSB Publishes Roadmap on Enhancing Cross-Border Payments
By Editors | 13/10/2020
The roadmap seeks to address key challenges faced in cross-border payments including high costs, low speed, limited access and insufficient transparency.
Structural Regulation
Japan Financial Hub Ambitions Centre on Three Cities – Report
By Editors | 13/10/2020
Prime Minister Yoshihide Suga reportedly plans to quickly address issues concerning taxation, residency requirements and language support to attract foreign talent.
Cloud & Infrastructure
FSB Calls on Authorities to Regulate BigTech in Financial Services
By Editors | 12/10/2020
Where financial services activities are undertaken by new types of actors, such as BigTech firms, the principle of ‘same risk-same regulation’ should apply, the report says.
Trading & Investment
BIS Paper Presents Alternative to Forward-looking Term Rates
By Manesh Samtani | 12/10/2020
Many banks have adopted a “wait and see” approach to the LIBOR phase-out, waiting to forward-looking term rates based on RFR derivatives to become available.
Structural Regulation
GBA Regulators Advance Policy Work on Cross-border Mortgages
By Manesh Samtani | 11/10/2020
The HKMA’ Edmond Lau says encouraging progress has been made to allow Hong Kong banks to provide cross-border mortgage services in the Greater Bay Area.
Trading & Investment
Australia to Assist Cambodia in Capital Markets Development
By Editors | 11/10/2020
The Australian government will provide technical assistance to develop a regulatory framework and market capacity for investment in infrastructure.
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