Structural Regulation

Anti-Bribery & Corruption

Bursa Malaysia Adds Anti-Corruption Measures to Listing Requirements

By Editors | 20/12/2019

New requirements to have anti-corruption and whistle-blowing policies in place will promote better governance, accountability and transparency for investors.

Structural Regulation

JP Morgan Secures Business Licence for China Joint Venture

By Editors | 19/12/2019

The CSRC gave JP Morgan approval to set up majority-owned securities joint venture in China since March, but it has not been granted a licence to operate until now.

Structural Regulation

China, US in Talks on Allowing Joint Inspections of Auditors

By Editors | 19/12/2019

The CSRC has reportedly been in talks with the US audit regulator on allowing joint inspections of firms that audit Chinese companies listed in the US.

Structural Regulation

UPDATED – ZA Bank Becomes First HK Virtual Bank to Launch Pilot Services

By Editors | 19/12/2019

ZA Bank, backed by ZhongAn and Sinolink Group, has launched services for 2,000 selected users to test under the HKMA’s sandbox mechanism.

Trading & Investment

ISDA Consults on Adjustments for EUR LIBOR, EURIBOR Fallbacks

By Editors | 19/12/2019

The supplemental consultation seeks input on adjustments that would apply to €STR if fallbacks in euro LIBOR or EURIBOR take effect, including the final parameters for these adjustments.

Conduct, Culture & Accountability

ASIC Approves ABA’s Updated Banking Code of Practice

By Editors | 18/12/2019

ASIC has given its final approval for the new version of the Banking Code of Practice, which implements recommendations from the Royal Commission.

Trading & Investment

FSB Report Highlights Risks of Continued LIBOR Reliance

By Editors | 18/12/2019

In its latest progress report on benchmark reform implementation, the FSB calls for “significant and sustained efforts” to transition away from LIBOR by end-2021.

Conduct, Culture & Accountability

IOSCO Offers Guidance on Reducing Conflicts in Debt Capital Raising

By Editors | 18/12/2019

The guidance includes proposed regulatory measures to address potential conflicts of interest and associated conduct risks that could arise in the debt capital raising process.

Structural Regulation

SEBI Restricts FPI Service Provisioning by Local Asset Managers

By Editors | 18/12/2019

Asset management companies can provide management and advisory services to “appropriately regulated entities” such as pension funds, insurance companies, banks and mutual funds.