Market Infrastructure

    Market Infrastructure

    UPDATED – 21 Digital Bank Licence Applications Received: MAS

    By Editors | 07/01/2020

    MAS will announce the successful applicants in June 2020. The new digital bank licencees will be expected to commence business by mid-2021.

    Securities / Derivatives

    HKEX Chief Lays Out Vision for Decade Ahead

    By Editors | 07/01/2020

    Charles Li says HKEX will leverage the disruptive power of technology to enhance connectivity between China and the rest of the world in stock, bond and commodity markets.

    Market Infrastructure

    RBI Names Six ‘Significant’ Financial Benchmarks

    By Editors | 06/01/2020

    Financial Benchmarks India Pvt Ltd has three months to make an application to the RBI for authorisation to continue administering the benchmarks.

    Market Infrastructure

    Philippines Approves Introductory Rules for Islamic Banking

    By Editors | 06/01/2020

    The BSP has released guidelines for the establishment of Islamic banks and Islamic banking units in the Philippines, along with a newly-approved Shari’ah governance framework.

    Market Infrastructure

    BNM Issues Revised Equity Exposure Rules for FIs

    By Editors | 06/01/2020

    Financial institutions need BNM’s prior written approval to acquire or hold 20% or more of the voting shares or voting power in a corporation. Compliance is required by 31 December 2021.

    Market Infrastructure

    Shanghai-London Connect Suspended Amid Political Tensions – Reports

    By Editors | 05/01/2020

    A CSRC spokesperson has denied the suspension after multiple media reports emerged that SSE companies have been temporarily blocked from listing depositary receipts on the LSE.

    Market Infrastructure

    UPDATED – Known Applicants for Singapore Digital Bank Licences

    By Manesh Samtani | 05/01/2020

    Grab, Singtel, Razer, Ant Financial, V3 Group, EZ-Link, iFast Corporation, ByteDance, AMTD, Xiaomi, PhillipCapital, Temasek, Enigma Group and Singapura Finance are among applicants.

    Market Infrastructure

    China Issues Implementing Regulation for New Foreign Investment Law

    By Editors | 03/01/2020

    Effective from 1 January, the regulation emphasises legal protections for foreign investors, prohibits forced technology transfers, and promises equal treatment for foreign-invested enterprises.

    Market Infrastructure

    Risks to Hong Kong Outlook Tilted to Downside: IMF

    By Editors | 02/01/2020

    However, robust policy frameworks and ample buffers will help the Hong Kong economy weather the challenges ahead.

    ESG / Sustainability

    BNM Publishes Draft Taxonomy to Help FIs Classify Climate Risks

    By Editors | 02/01/2020

    Supervised institutions are expected to integrate climate-related risks and considerations into their business strategies and risk management practices, BNM says.

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