Market Infrastructure

Capital / Liquidity

PBOC Governor Pledges Additional Measures to Support SMEs, Banks

By Editors | 26/05/2020

The PBOC plans to further extend SME loan repayment deferrals to 31 March 2021, further drive down real interest rates, and bolster support for banks.

AML / KYC

India to Tighten KYC Rules for Hong Kong, China FPIs

By Manesh Samtani | 26/05/2020

Alongside stricter KYC procedures during FPI registration, India may set a 10% beneficial ownership cap on foreign investment from China including Hong Kong.

Market Infrastructure

RBA Invites Tenders for Transaction Processing and Settlement System

By Editors | 26/05/2020

The new system should be able to process SWIFT FIN messaging under ISO 20022 as well as the existing SWIFT MT throughout a three-year coexistence period.

Market Infrastructure

S. Korea Enhances PayInfo Service to Boost Consumer Convenience

By Editors | 25/05/2020

The updated system will allow account customers to switch their monthly automatic payments between first- and second-tier financial firms for handling.

Market Infrastructure

CSRC Urges US to Avoid Politicising Securities Regulation

By Editors | 25/05/2020

The CSRC has responded to a US bill that could subject the 233 Chinese companies listed in the US to PCAOB oversight in their audits, or delisting for noncompliance.

Market Infrastructure

More Protectionist Regulatory Intervention on the Cards, Experts Warn

By Daniel Flatt | 25/05/2020

The raft of government measures designed to stave off corporate raiders is unlikely to abate soon, compliance practitioners say.

Market Infrastructure

SEBI Allows Quicker Upgrades of ‘Cured’ Defaulters by Rating Agencies

By Editors | 25/05/2020

Companies may no longer need to wait months for their credit status to be upgraded after a default is ‘cured’ and payments are regularised.

Market Infrastructure

ASX Responds on Tranche 1 Rule Changes for CHESS Replacement

By Editors | 25/05/2020

ASX says it will not be mandating settlement locks for CHESS holdings, given the broad support stakeholders for this approach.

Market Infrastructure

Hong Kong: National Security Law Expected to Cause Capital Flight

By Editors | 24/05/2020

Bankers are reportedly receiving requests to activate plans to withdraw assets from Hong Kong in light of Beijing’s plan to impose national security legislation in Hong Kong.