Structural Regulation

Structural Regulation

HKMA Turns Up the Heat, Announces Consultation on IBOR Transition

By Will Hallatt | 22/02/2019

The outcome of the HKMA and TMA consultation will be a turning point for financial services firms preparing for life after LIBOR, says international law firm Herbert Smith Freehills.

Market Abuse

SFC Issues Update on ‘Front Loaded’ Approach to Listing Rules

By Editors | 22/02/2019

The SFC “will not hesitate to intervene at an early stage” when it has serious concerns about IPO applications or post-IPO corporate transactions.

Trading & Investment

EU, Singapore Agree to Mutually Recognise Derivatives Venues

By Editors | 21/02/2019

Singapore and EU-based firms will be able to trade derivatives on approved platforms based in either jurisdiction following proposed equivalence decisions by both regulators.

Payments & Settlements

Japan to Allow Non-Banks to Handle Large Remittances

By Editors | 21/02/2019

In a bid to improve remittance services in the country and promote fintech, Japan plans to ease limits on non-banks providing money transfer services.

Payments & Settlements

HKMA, PBOC Collaborate on Cross Border Financial Services – Report

By Editors | 20/02/2019

As part of a plan to develop the Greater Bay Area, the HKMA and PBOC are reportedly planning to work together on the introduction of cross-border mobile payments and other financial services.

Payments & Settlements

Nomura AM to Provide CLS Settlement to Japan-Based Funds

By Editors | 20/02/2019

Japan funds to have access to CLS Settlement through Nomura Asset Management in a move to enable PvP settlement and adopt best practices promoted by the FX Global Code.

Conduct, Culture & Accountability

MAS Discusses Supervisory Toolkit for Fund Managers – Speech

By Manesh Samtani | 19/02/2019

MAS places emphasis on conduct and individual accountability in its supervisory approach, using data analytics to help identify unusual trends and flag outliers among fund managers.

Trading & Investment

UPDATED – Taiwan Mulls Introduction of Intraday Odd-lot Trading

By Editors | 19/02/2019

Currently, odd-lot trades are only permitted in after-hours trading. The introduction of intraday odd-lot trading will boost daily turnover and give retail investors more choice, the FSC says.

Structural Regulation

RBI Consults on New Requirements for Benchmark Administrators

By Editors | 18/02/2019

The draft directions under consultation include requirements related to administrators’ minimum net worth, governance arrangements, and organisational structure, among other requirements.