All posts tagged "featured"
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159Capital RegulationHKMA Cuts CCyB in Response to Worsening Economic Conditions
The first CCyB cut since 2015, the move is expected to free up between HKD 200-300 billion in the financial system and make it easier for banks to lend to SMEs.
October 15, 2019 -
261ChinaCSRC Sets Key Dates for Cancelling Foreign Ownership Limits
The foreign ownership limit will be cancelled next year for futures companies, fund managers and securities firms from 1 January, 1 April and 1 December, respectively.
October 11, 2019 -
169Capital RegulationVolcker Rule Rewrite Gets Final Approval After Fed Sign-off
The revisions continue to prohibit proprietary trading, while providing greater clarity and certainty for activities allowed under the law.
October 10, 2019 -
2.2KFintech / RegtechSWIFT, HSBC to Define Common API Standard for Hong Kong
The new standard will re-use ISO 20022 components to ensure interoperability with Hong Kong's clearing and settlement systems, facilitating the next phases of open banking in the city.
October 4, 2019 -
585FeatureHKMA Updates Rules on Sales of Banking Products
Banks may not sell investment, insurance and MPF products in areas that are used for deposit-taking activities, and the face-to-face sales process must be audio-recorded.
September 27, 2019 -
695ChinaBIS Survey Reveals Rising Significance of Asian FX Hubs
Sales desks in China, Hong Kong and Singapore all recorded rises in FX trading activity compared to three years earlier. The UK increased its dominance despite Brexit fears.
September 19, 2019 -
663EuropeHKEX Merger a ‘Significant Backward Step’, Says LSEG
The London Stock Exchange Group sees no merit in further engagement because of fundamental flaws in HKEX’s offer.
September 14, 2019 -
286Europe
HKEX Seeks ‘Unprecedented’ Market Connectivity Via LSEG Merger
HKEX chief Charles Li says the merger would create the most important investment platform and risk management infrastructure for the free flow of global capital between the East and West.
September 11, 2019 -
654Fintech / RegtechMAS Opens Applications for Digital Bank Licences
Successful applicants will be announced in mid-2020, with the expectation that they meet MAS requirements and commence business by mid-2021.
August 30, 2019 -
884Capital RegulationSingapore Large Exposures Rules to Take Effect in Oct 2020
MAS published a draft large exposures framework in early 2018, trying to meet the BCBS timeline for adoption in January 2019. The final rules will now take effect in October next year.
August 22, 2019
