Structural Regulation

Structural Regulation

The End of IBOR – The Asia Take

By Matthieu Sachot | 19/06/2018

Though uncertainty remains on when LIBOR migration is really going to be due, the earlier the banks set this in motion, the lower the execution risk and cost in the long run. This article highlights the local benchmarking effort in Asia and the key areas banks should have on their roadmap, starting now.

Structural Regulation

China Proposes Communist Party Unit at Listed Firms

By Garima Chitkara | 18/06/2018

The CSRC has proposed establishing a ‘CCP Unit’ at firms already listed and those looking to list on Chinese stock exchanges, for the purpose of carrying out Party activities.

Trading & Investment

India Eases Rules For FPI Investment In Corporate Bonds

By Garima Chitkara | 18/06/2018

RBI has loosened some restrictions on residual maturity and concentration limits on corporate bond holdings by foreign investors in a bid to boost demand and support the rupee.

Trading & Investment

CSRC Warns New Economy Firms Against IPO Over-Pricing

By Garima Chitkara | 18/06/2018

CSRC has singled out five new economy firms whose share prices had “wild swings” or dropped significantly below their highs or offer prices soon after listing.

Trading & Investment

UPDATED – SGX Granted Extension for Continued India Derivatives Trading

By Manesh Samtani | 18/06/2018

SGX, NSE ordered to facilitate continued listing of SGX Nifty products for at least two successive contract months beyond arbitration; injunction preventing SGX from launching new successor products to remain in effect pending final outcome.

Structural Regulation

MAS 610 a Top Concern for Singapore Banks in 2019 – Report

By Manesh Samtani | 15/06/2018

High granularity data for new reporting regime requires reporting of approx. 300,000 data elements, the top concern for Singapore banks next year, according to Wolters Kluwer survey.

Trading & Investment

GIFT City Exchanges Launch Omnibus Account Structure

By Manesh Samtani | 14/06/2018

BSE’s India INX and NSE IFSC have launched the segregated nominee account structure, allowing foreign investors to avoid direct FPI registration and instead trade Indian equities through established intermediaries.

Structural Regulation

Rules Relaxed for Chinese Investment in Taiwan-Listed Foreign Firms

By Garima Chitkara | 14/06/2018

Regulator does away with rules requiring Chinese investors to apply for QDII license to invest in foreign firms listed in Taiwan; foreign firms can also solicit Chinese investment through private placements, rights issues or stake transfer.

Structural Regulation

China Cracks Down On Zero-Fee Bond Underwriting

By Garima Chitkara | 14/06/2018

The CSRC and the Securities Association of China reportedly sent a notice to brokers asking them to stop underwriting bond deals for free, a common practice in the country to maintain relationships with key clients and underwriting standings.