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Reporting on regulatory frameworks and rules governing market design, authorisation, and oversight of key financial market participants and infrastructures.
Emerging Prudential Risks
Volcker Rule – Road to Reform or Ruin?
By Peter Guy | 11/06/2018
Proposed changes by the Trump Administration to the Volcker Rule are already controversial. Linking cause and effect to risk management have only resulted in an excessively complex regulation that is proving difficult to reform in a “too big to fail” industry.
Emerging Prudential Risks
CBIRC, SFC to Cooperate on Cross Border Supervision
By JP Reimann | 11/06/2018
New MoU to facilitate information exchange in the interest of investor protection, promoting competence and integrity of regulated entities, market and financial integrity, and maintaining financial stability.
Market Abuse
SEBI Probes Leaked List of Companies Under Enhanced Surveillance
By Garima Chitkara | 11/06/2018
SEBI alleged that a list of 37 companies that were under the regulator’s Additional Surveillance Measure was leaked before the public announcement was made by the BSE.
Trading & Investment
UPDATED – China Allows CDR Listing On The Mainland
By Garima Chitkara | 11/06/2018
China’s securities regulator released rules for the issuance of China Depository Receipts, allowing overseas listed firms to access domestic investors; Xiaomi becomes first applicant for CDR listing.
Trading & Investment
SEBI Unveils New Requirements for Funds to Boost Retail Investment
By Garima Chitkara | 07/06/2018
India’s markets regulators has slashed total expenses by 15 basis points to encourage more retail investors to buy mutual funds; also requiring increased disclosures on fund expenses.
Alternative Markets
Singapore to Introduce New Corporate Structure For Funds
By Garima Chitkara | 07/06/2018
S-VACC, Singapore’s new investment firm structure, will come into effect by next year and will help boost synergies between firm management and domiciliation, according to MAS managing director.
Structural Regulation
ASIC Consults on ‘Foreign’ AFS Licence Proposal
By Manesh Samtani | 05/06/2018
New approach would replace current mechanism of granting relief to foreign financial service providers from AFS licensing, and provide ASIC with broader range of tools to regulate the activities of foreign providers.
Conduct, Culture & Accountability
Japan Publishes Revised Corporate Governance Code
By JP Reimann | 04/06/2018
Revised code urges disclosure of plans to reduce cross-shareholdings, pushes for diversity in management, including more women non-Japanese.
Structural Regulation
Malaysia Scraps GST on Banking Products
By Manesh Samtani | 03/06/2018
Effective 1 June, Malaysian banks will impose a zero percent GST on all banking products and services, previously subject to 6% GST.
Structural Regulation
HKMA Finalises Virtual Bank Rules, Applications Now Open
By JP Reimann | 01/06/2018
Regulator publishes final guidelines but no change in capital requirements; companies seeking inclusion in first batch of virtual bank applications can apply by 31 August.
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