Structural Regulation

Structural Regulation

Hong Kong’s Revised OFC Regime Goes Into Effect

By Garima Chitkara | 30/07/2018

Hong Kong’s new open-ended fund regime that will allow OFCs to be set up as corporates takes effect on 30 July.

Structural Regulation

Japan’s Line Corp to Set Up Digital Bank in Taiwan

By Editors | 30/07/2018

‘Line Bank’ will be set up in partnership with up to five local partners to take deposits, provide loans, and sell mutual funds and insurance policies.

Structural Regulation

CPMI-IOSCO Report Shows PFMI Implementation Progress

By Manesh Samtani | 27/07/2018

21 of 28 jurisdictions self-attest to full implementation of PFMI; South Korea’ implementation gap relates to trade repositories, while Indonesia’s relates to clearing and settlement systems.

Trading & Investment

SGX, NSE Resume Talks on Possible GIFT City Collaboration

By Garima Chitkara | 26/07/2018

The arbitrator has deferred judgement on the data sharing dispute until talks on collaboration between the two exchanges on a trading and settlement platform at GIFT City conclude.

Liquidity Risk

China P2P Lending Sector Survival Relies on Better Regulation

By Peter Guy | 26/07/2018

P2P platform failures due to liquidity shortfalls have crippled a key source of retail credit for consumers and small businesses. The future of P2P lending in China. Regulators need to play a more dominant role in this growing and unruly industry to assure its survival.

Trading & Investment

CSRC Mulls Loosening Restrictions on Stock Index Futures

By Garima Chitkara | 26/07/2018

CSRC Vice Chairman Fang Xinghai indicated in a speech in Shanghai that the regulator is looking to ease margin requirements and position limits on stock index futures trading.

Conduct, Culture & Accountability

SEBI Mulls Cap On Fund Distributor Commissions

By Garima Chitkara | 26/07/2018

India’s securities regulator will cap distributor commissions at 1.5-2% on debt funds and 4-5% on equity funds to prevent mis-selling of funds to consumers.

Structural Regulation

SFTR to Require Five Times More Reports Than Trades – DTCC

By Manesh Samtani | 26/07/2018

New paper highlights the impact of incoming securities finance trade reporting obligations on the industry including collateral supply, liquidity and operations.

Structural Regulation

Singapore to Implement New SIBOR Methodology by End 2019

By Garima Chitkara | 26/07/2018

Singapore’s benchmark operators have incorporated feedback from market participants following a consultation that ended in February; the new computation methodology will use a waterfall method incorporating wholesale funding and related markets transactions.