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Reporting on regulatory frameworks and rules governing market design, authorisation, and oversight of key financial market participants and infrastructures.
Payments & Settlements
ACCC Opens Inquiry into High Markup Currency Conversion Services
By Editors | 03/10/2018
The inquiry will examine why major companies in Australia, including the big four banks, seem to be able to consistently charge high prices, said ACCC chair Rod Sims.
Structural Regulation
Singapore Passes Bill Enabling New VCC Fund Structure
By Manesh Samtani | 03/10/2018
The Variable Capital Company structure is aimed at boosting Singapore’s status as an full-service international fund management centre.
Structural Regulation
Giancarlo Proposes Multilateralism in CFTC Cross-border Approach
By Manesh Samtani | 03/10/2018
In a white paper, Giancarlo proposes an alternative cross-border framework that pursues multilateralism and gives deference to non-US jurisdictions with comparable G20 swaps reforms.
Structural Regulation
RBI Restricts Bandhan Bank Expansion Plans, Freezes CEO’s Pay
By Editors | 02/10/2018
Bandhan Bank is barred from opening new branches without special permission until it can reduce its key shareholder’s stake to under 20 percent as required by RBI licensing guidelines.
Structural Regulation
MAS Goes Live with Reporting Requirement for OTC Commodity, Equity Trades
By Manesh Samtani | 02/10/2018
Firms must report OTC derivatives transactions in commodities and equities to a licensed trade repository; DTCC welcomes the MAS’ move to improve transparency and reduce risk.
Trading & Investment
BSE India Commences Commodity Derivatives Trading
By Editors | 02/10/2018
The BSE has become the first stock exchange in India to offer commodity trading as it launches futures contracts in gold and silver.
Structural Regulation
HK Bourse Proposes to Suspend Firms with Disclaimer, Adverse Audit Opinions
By Editors | 02/10/2018
A trading suspension would be imposed if a listed company’s auditor has issued a disclaimer or adverse opinion on the company’s financial statements.
Alternative Markets
S. Korea to Level Playing Field for Domestic PE Funds
By Manesh Samtani | 01/10/2018
The FSC plans to ease rules that are said to limit the shareholder rights of domestic private equity funds and put them on even footing with foreign funds.
Structural Regulation
China Tightens Rules on Offshore Operations of Brokerages, Funds
By Garima Chitkara | 01/10/2018
Brokerages and fund houses should ensure a “concise and transparent” network of overseas subsidiaries and ensure foreign units focus on the core business and not conduct any non-financial business.
Trading & Investment
China Seeks to Boost Interbank Bond Issuances by Foreign Institutions
By Editors | 27/09/2018
PBOC and MOF have issued guidelines clarifying the requirements for foreign governments and institutions issuing interbank bonds in China.
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