Structural Regulation

Structural Regulation

China Approves JP Morgan, Nomura Securities Joint Ventures

By Editors | 01/04/2019

JP Morgan and Nomura have been given regulatory approval to set up new majority owned securities joint ventures in China.

Structural Regulation

China Approves First Foreign Funded JV for Pensions Business

By Editors | 30/03/2019

A Standard Life Aberdeen joint venture is the first foreign funded insurer authorised to participate in the pensions sector, which to date has been dominated by 8 domestic firms.

Structural Regulation

JPX, TOCOM Enter Basic Agreement to Merge by October

By Editors | 29/03/2019

TOCOM will become a wholly-owned subsidiary of JPX, and together they will launch a consolidated exchange for stocks, financial and commodity derivatives by September 2020.

Structural Regulation

Malaysia Seeks Licensing Regime for Virtual Banks by Year-End

By Editors | 29/03/2019

Though discussions are still in the preliminary stages, Malaysia’s central bank is looking to publish its requirements for virtual bank licences by the end of the year.

Structural Regulation

S. Korea FSC Receives Three Applications for Internet-Only Banks

By Editors | 29/03/2019

The FSC will review the applications with an aim to approving a preliminary licence for one or two new internet-only banks in May.

Trading & Investment

China Retail Investors Take a Liking to Government Bonds

By Editors | 29/03/2019

China’s pilot scheme allowing banks to sell government bonds to retail investors has been met with success, with over $200mn in bonds sold in a single day.

Structural Regulation

UK FCA Fines Goldman for MiFID Transaction Reporting Failures

By Editors | 29/03/2019

Goldman has been penalised over $44mn for making over 220 million transaction reporting errors over 9.5 years. The fine is larger than UBS received earlier this month.

Trading & Investment

SGX Bolsters Forex Business with BidFX Acquisition

By Editors | 28/03/2019

The acquisition is part of SGX’s strategy to build core pillars of growth across multiple asset classes, with FX being one of its key growth pillars.

Structural Regulation

HKMA Approves Three Virtual Banks, Five More Being Considered

By Editors | 27/03/2019

The three newly licenced virtual banks are joint ventures involving BOCHK, JD Digits, Jardines, Standard Chartered, HKT, PCCW, Ctrip, ZhongAn Online and Sinolink.