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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
BOT Prepares Guidance for Banks on Service Fee Calculations
By Editors | 14/02/2020
The guidance will cover fees for corporate, SME and retail banking customers, as part of a broader push for fairer fee structures.
Conduct, Culture & Accountability
ASIC Asks Superannuation Trustees to Improve Member Communications
By Editors | 14/02/2020
ASIC’s review of communications material from 12 superannuation funds found that some trustees are not always sufficiently focused on their members’ needs.
Clearing & Post-Trade
ASX is Transforming Entire Technology Stack, says CEO
By Editors | 14/02/2020
Managing director and CEO Dominic Stevens said ASX’s strategy is not just about replacing CHESS or upgrading the futures trading system; the bourse is transforming its entire technology stack.
Structural Regulation
India Doubles Pension Fund Manager Net Worth Requirement
By Editors | 13/02/2020
The increase brings the requirements for pension fund managers in line with those for managers of mutual funds regulated by SEBI.
Market Abuse
BSP Bars Bank Affiliates from Holding Bank-Issued Debt
By Editors | 12/02/2020
The prohibition is aimed at preventing related parties from obtaining undue advantage when transacting in debt instruments issued by affiliated banks.
Trading & Investment
Bangladesh to Float Shares of State Banks to Prop Up Market
By Editors | 12/02/2020
Sonali Bank, Agrani Bank, Janata Bank, Rupali Bank and Bangladesh Development Bank will each have 25% of their shares listed on the stock market by end-October.
Structural Regulation
HK Accountants Body Calls for Blanket Extension to Results Deadline
By Editors | 12/02/2020
The SFC-HKEX decision to allow the publication of unaudited results on a case-by-case basis has “not yet fully addressed the concerns of the accounting industry”.
Structural Regulation
Alibaba May Be Excluded from HK-China Stock Connect – Report
By Editors | 12/02/2020
A decision has not yet been made to revise a previous arrangement that excludes companies with secondary listings and weighted voting rights from Stock Connect.
Cloud & Infrastructure
Bill Passes to Enhance ASIC’s Fintech Regulatory Sandbox
By Editors | 12/02/2020
Under the amendments, firms will be able to test a wider range of new financial and credit products and services without a licence from ASIC, for a longer time.
Payments & Settlements
China Green Lights Mastercard JV to Enter Bank Card Clearing Market
By Editors | 12/02/2020
The approval follows a commitment from China to expedite pending licence applications from US payments providers as part of the phase one trade deal.
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