Structural Regulation

Payments & Settlements

Amex Joint Venture Commences Card Clearing Operations in China

By Editors | 03/09/2020

The joint venture has launched bank card clearing services in partnership with 16 commercial banks, three mobile payment platforms, and nonbanking payment services providers.

Custody & Infrastructure

CSRC Grants Citigroup Fund Custody Licence in China

By Editors | 02/09/2020

Standard Chartered is the only other foreign bank to have obtained a fund custody licence in China. Citi becomes the first US bank to do so.

Structural Regulation

DBS Approved to Establish Securities Joint Venture in China

By Editors | 02/09/2020

DBS has become the eighth foreign financial institution to win approval to take majority ownership of a securities venture in China.

Structural Regulation

SEHK to Codify General Waivers to Streamline Listing Process

By Editors | 02/09/2020

Hong Kong’s stock exchange will codify a number of general waivers and principles relating to IPOs and issuers, effective from 1 October 2020.

Structural Regulation

SFC to Enhance OFC Regime to Level Playing Field

By Manesh Samtani | 02/09/2020

The SFC will remove investment restrictions, expand custodian eligibility requirements, and introduce a statutory re-domiciliation mechanism.

Structural Regulation

Why APAC Should Care About the EU’s AIFMD Review

By Tony Freeman | 02/09/2020

Though prompted by Brexit, the proposed review of the AIFMD legislation will also have implications for buy-side firms operating in Asia, says industry veteran Tony Freeman.

Conduct, Culture & Accountability

ASIC Four-year Plan Targets Misconduct, Innovation

By Editors | 01/09/2020

In its four year corporate plan, ASIC says it will target misconduct and consumer harm, while also promoting fintech, regtech and suptech innovation.

Structural Regulation

Singapore: SOR Fallback Rate to Only be Available Temporarily

By Manesh Samtani | 01/09/2020

Fallback Rate (SOR), the primary fallback reference rate for SOR derivatives, will be permanently discontinued about three years following the fallback trigger.

Trading & Investment

KBank, CIMB Thai Complete First OIS Trade Referencing THOR

By Editors | 01/09/2020

KBank and CIMB Thai Bank completed the first overnight indexed swap derivatives transaction referencing Thailand’s new reference rate on Monday.