Structural Regulation

Structural Regulation

China Scraps Foreign Ownership Limits in Domestic Banks, Asset Managers

By Editors | 27/08/2018

Banking regulator says foreign firms will now be treated as local institutions in terms of market access and administrative licensing.

Payments & Settlements

Major Banks Slow to Adopt New Payments Platform – RBA

By Garima Chitkara | 24/08/2018

RBA governor says major banks are slow to adopt NPP, Australia’s new real-time settlement system; however, banks have begun to speed up the uptake process, the assistant governor said.

Structural Regulation

CFTC Grants Osaka Exchange FBOT Registration Status

By Editors | 23/08/2018

Osaka Exchange demonstrates the attributes of an established, organised exchange which is subject to continued oversight by regulators, the CFTC said.

Structural Regulation

Trade Row May Delay US Banks Seeking China Expansion – Report

By Manesh Samtani | 23/08/2018

US banks believe trade tensions could delay or prevent approvals to increase their stakes in Chinese subsidiaries, possibly enabling European banks to an gain upper hand.

Trading & Investment

SOFR Gains Acceptance as LIBOR Alternative

By Manesh Samtani | 22/08/2018

Credit Suisse, the World Bank and Fannie Mae have now all issued new debt referencing the SOFR, which draws from actual repo market transactions to reflect the cost of borrowing cash secured against US government debt.

Cybersecurity

Virtual Banks in Hong Kong: Bringing Risks and Opportunities To Asia

By Kristi Swartz | 21/08/2018

A new era of smart banking in Hong Kong is anticipated to begin at the end of this year with the establishment of virtual banks. Competent players will embrace enormous opportunities to challenge the city’s traditional banking model.

Structural Regulation

A New Era for Sino-Foreign Securities JVs

By Benjamin Quinlan | 21/08/2018

For foreign players looking to set up a securities business in China, effectively monetising the JV opportunity isn’t so straightforward, and necessitates an in-depth understanding and review of strategic, regulatory, financial, and operational considerations.

Trading & Investment

SEBI Cuts Time for Listing Debt Securities in Half

By Garima Chitkara | 20/08/2018

India’s securities regulator has cut the timeline for listing debt securities from 12 to six days to streamline the issuance process and make it more cost effective.

Structural Regulation

FSB Conducts Peer Review on LEI Implementation

By Garima Chitkara | 20/08/2018

The FSB is proposing a thematic peer review to analyse LEI adoption among member jurisdictions and identify the implementation challenges faced by firms.