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Market Infrastructure
Thailand Proposes Rule Changes to Enable Hong Kong MRF
By Editors | 13/07/2020
The mutual recognition of funds scheme will help promote the competitiveness of Thai fund managers and increase investment options for investors in both markets.
AML / KYC
China Imposes Retaliatory Sanctions Against US Officials
By Editors | 13/07/2020
The US President said that a phase two trade deal with China isn’t under consideration, though China has continued to meet its commitments under the phase one deal signed in January.
Securities / Derivatives
Philippines Proposes Regulatory Framework for Corporate Debt Funds
By Sanday Chongo Kabange | 13/07/2020
The new closed-end investment vehicle will enable investment in debt paper issued by large and medium-sized corporations, to help avert credit and liquidity crises.
AML / KYC
US Sanctions Chinese Officials Over Uyghur Human Rights
By Editors | 12/07/2020
US persons and financial institutions are prohibited from conducting financial transactions with any of the four designated individuals.
Banks ‘Must’ Pass on Reduce Rates to Borrowers: CBSL
By Duruthu E Chandrasekera | 10/07/2020
Sri Lanka’s central bank has cut interest rates again and is ramping up pressure for banks to reduce the rates they charge borrowers, particularly small businesses.
AML / KYC
Chinese Banks Plan for Possible US Sanctions – Report
By Editors | 09/07/2020
Bank of China and ICBC are reportedly preparing for worst-case possibilities that they could be cut off from US dollars or lose access to US dollar settlements.
AML / KYC
New York Regulator Fines Deutsche Bank for AML Failures
By Editors | 08/07/2020
Deutsche Bank has been fined $150mn for its dealings with known sex trafficker Jeffrey Epstein and its correspondent banking relationships with Danske Bank Estonia and FBME Bank.
Securities / Derivatives
New Bill Could Ban Some Chinese Firms from US Capital Markets
By Editors | 06/07/2020
The bill would reportedly seek to ban Chinese companies that engage in spying or human rights abuse, or support China’s military or industrial policy.
AML / KYC
Global Banks Seek Clarity on ‘Hong Kong Autonomy Act’
By Editors | 05/07/2020
Under the legislation, banks can be penalised for conducting a ‘significant transaction’ with Chinese individuals or entities named as having contributed to the erosion of Hong Kong’s autonomy.
Securities / Derivatives
Sri Lanka Bourse to Introduce Easier Listing Rules from 15 July
By Duruthu E Chandrasekera | 04/07/2020
Requirements on capital, profitability and net assets have been relaxed to pave the way for new listings from start-ups and tech firms.
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