Structural Regulation

Structural Regulation

Sri Lanka to Penalise 8 Banks for Failing to Lower Lending Rates

By Editors | 07/01/2020

Eight banks will be penalised for failure to lower lending rates by a 27 December 2019 deadline set by the central bank in September last year, intended to ensure the public benefits from monetary policy decisions.

Trading & Investment

China Directs Local Gov’ts to Allow Bond Underwriting by Foreign Banks

By Editors | 07/01/2020

Local governments have been told to revise their procedures and remove restrictions to allow foreign-invested banks to participate in bond underwriting syndicates.

Trading & Investment

Taiwan Easing Rules to Encourage More Domestic Investment

By Editors | 07/01/2020

In March, the FSC will announce which banks qualify to issue new structured note products, after the regulator eased regulations on the investment targets they can be linked to.

Conduct, Culture & Accountability

BSP Revises Disqualification Rules for Bank Directors, Officers

By Editors | 07/01/2020

Bankers can be disqualified and placed on a watchlist for causing undue injury, material loss or damage to a bank, or for exposing it to higher risk or danger.

Structural Regulation

UPDATED – 21 Digital Bank Licence Applications Received: MAS

By Editors | 07/01/2020

MAS will announce the successful applicants in June 2020. The new digital bank licencees will be expected to commence business by mid-2021.

Structural Regulation

RBI Names Six ‘Significant’ Financial Benchmarks

By Editors | 06/01/2020

Financial Benchmarks India Pvt Ltd has three months to make an application to the RBI for authorisation to continue administering the benchmarks.

Structural Regulation

Philippines Approves Introductory Rules for Islamic Banking

By Editors | 06/01/2020

The BSP has released guidelines for the establishment of Islamic banks and Islamic banking units in the Philippines, along with a newly-approved Shari’ah governance framework.

Market Data & Technology

Shanghai Bourse Launches New Market Surveillance System

By Editors | 06/01/2020

The new monitoring system will enhance the effectiveness of front-line supervision, ensure fair transactions, and promote the stable and healthy development of the capital market, the SSE says.

Trading & Investment

Shanghai-London Connect Suspended Amid Political Tensions – Reports

By Editors | 05/01/2020

A CSRC spokesperson has denied the suspension after multiple media reports emerged that SSE companies have been temporarily blocked from listing depositary receipts on the LSE.