Structural Regulation

Structural Regulation

Benchmark Reform: HONIA Beckons but is Hong Kong Ready?

By CorporateTreasurer | 20/01/2020

TMA published feedback from market participants on HONIA as the successor to HIBOR in late December but unlike its US counterpart SOFR, Asian businesses are taking time to adapt.

Structural Regulation

Japan to Allow Regional Banks to Expand Outside Core Business

By Editors | 17/01/2020

FSA commissioner Toshihide Endo wants struggling regional lenders to engage with customers and help them grow, as a way to boost bank profitability and regional economies.

Supervision & Enforcement

Review Panel Offers Recommendations for Improving SFC Operations

By Editors | 17/01/2020

While welcoming the SFC’s front-loaded regulatory approach, the Process Review Panel says the regulator should be aware of its possible unintended effects and consider ways to minimise them.

Structural Regulation

UK Regulators Set Key LIBOR Transition Deadlines

By Editors | 17/01/2020

Market makers have until 2 March to adopt SONIA as the market convention for issuing sterling interest rate swaps, and until Q3 to end all new issuances of LIBOR-based cash products.

Trading & Investment

Hong Kong, Thailand Set to Sign Cross-Border Funds Agreement

By Editors | 17/01/2020

Hong Kong’s SFC and Thailand’s SEC plan to sign a mutual recognition of funds agreement within the second quarter of this year.

Structural Regulation

HKMA Urges Family Offices to Set Up in Hong Kong

By Editors | 17/01/2020

The HKMA has been working to enhance Hong Kong’s competitiveness as a family office hub by developing talent, enhancing investment opportunities, and outreach.

Structural Regulation

Trade Deal to Enable Early Entry of US Firms to China

By Manesh Samtani | 16/01/2020

Under the agreement, the December timeline for China’s removal of foreign ownership limits in the securities sector is brought forward to April.

Structural Regulation

SGX Proposes Tighter Auditing, Property Valuation Standards

By Editors | 16/01/2020

Foreign issuers may appoint foreign auditors, but an ACRA-registered firm must also serve as a joint auditor. Standards for property valuations by issuers are also being raised.

Trading & Investment

Hang Seng Index Operator Seeks Views on Constituent Eligibility

By Editors | 16/01/2020

The operator of the Hang Seng Index is soliciting market views on the eligibility of weighted voting rights and secondary-listed companies for inclusion in the benchmark.