In the past two months, the China Banking and Insurance Regulatory Commission (CBIRC) has continuously issued regulations to further liberalise the restrictions in the financial services industry and to implement CBIRC’s financial reform roadmap as set out in the Measures on Facilitating the Further Opening-up of Banking and Insurance Sectors issued on 27 April 2018.
July 09, 2018
Increasing demands for shell companies for backdoor listings have led to an increase in the value of the listing status.
July 06, 2018
Following President Xi's announcement in his speech at Boao Forum in April 2018 that China would complete the amendments to the negative lists for foreign investment in the first half of the year, the National Development and Reform Commission and the Ministry of Commerce (MOFCOM) jointly promulgated the 2018 version of the Special Management Measures for the Market Entry of Foreign Investment (Negative List) (外商投资准入特别管理措施(负面清单) (2018年版)) (New National Negative List) and the 2018 version of the Special Management Measures for the Market Entry of Foreign Investment in Pilot Free Trade Zones (Negative List) (自由贸易试验区外商投资准入特别管理措施 (负面清单)(2018年版)) (New FTZ Negative List) on 28 June and 30 June 2018, respectively.
July 04, 2018
ASIC has called on retail OTC derivatives issuers to lift standards and address concerns around meeting regulatory requirements.
June 28, 2018
It is less than a year to go before the UK leaves the EU on 29 March 2019. Despite this many financial services firms continue their journey into the unknown with little concrete information being made available by the UK Government.
June 27, 2018
The big issues facing the asset management sector continue to be the assimilation of regulatory change, the adoption of new and developing technologies and the considerable economic pressures on asset managers which in many cases are driving industry consolidation.
June 21, 2018
ASIC has released CP 301, a consultation paper which proposes a modified licensing regime (in place of the current FFSP relief available for FFSPs in certain jurisdictions) for foreign financial services providers carrying on a financial services business in Australia, with submissions due by 31 July 2018.
June 07, 2018
Banks require specific resolution arrangements as a result of their interconnectedness with each other, the rest of the financial system, and the real economy.
May 17, 2018
En Gaceta Oficial No. 41.329 de fecha 26 de enero de 2018, corregido en Gaceta Oficial No. 41.340 de fecha 14 de febrero de 2018, se publicó el Convenio Cambiario No. 39 mediante el cual se establece un nuevo sistema de operaciones en divisas, el cual regula tres tipos de operaciones: (a) subastas de divisas, llevadas a cabo a través de un nuevo sistema de tipo de cambio complementario flotante de mercado (“DICOM”), (b) operaciones directas de venta de divisas, y (c) operaciones de negociación en moneda nacional de títulos valores denominados en moneda extranjera emitidos por emisores del sector privado.
May 04, 2018
In this latest banking reform updater, we discuss initiatives to embed sustainable finance principles in the fabric of financial institutions.
April 30, 2018