News Centre

Japan Financial Services Agency: Preparation For Permanent Cessation Of LIBOR

Date 22/02/2022

On March 5, 2021, ICE Benchmark Administration (IBA) has announced that it intends to cease the publication of LIBOR based on the current methodology referencing rates provided by panel banks (panel-based LIBOR) immediately after end-2021 except for certain US dollar LIBOR settings. While LIBOR is mainly referenced in derivative contracts such as interest rate swaps, it is also quoted in a significant number of cash products including corporate loans and bonds. Additionally, it is used in wide range of users, including not only financial institutions but also non-financial corporate and institutional investors. In this regard, there is the possibility of disruption to users if LIBOR were ceased without sufficient preparation.

Hong Kong Securities And Futures Commission Concludes Consultation On Regulating Trustees And Custodians Of Public Funds And Further Consults On Implementation Details

Date 22/02/2022

The Securities and Futures Commission (SFC) today released consultation conclusions and began a further consultation on a proposal to regulate depositaries (ie, top-level trustees and custodians) of SFC-authorised collective investment schemes (CIS).

GCEX Expands Global Footprint With New Office In Kuala Lumpur

Date 22/02/2022

GCEX, an FCA regulated digital brokerage that enables brokers, funds and professional traders to access deep liquidity in digital assets and FX has opened an office in Kuala Lumpur.

GOH Speech By Tan Boon Gin, CEO Of Singapore Exchange Regulation: Leadership Diversity And Firm Performance - A Study Of Singapore-Listed Companies

Date 22/02/2022

1. Good morning ladies and gentlemen. Thank you for the invitation to speak today.

2. Let me first congratulate the organisers for putting together the report which will be presented later and for organising this event.

Digital Pound Foundation Announces Partnership With CryptoUK, Fostering Stronger Ecosystem For New Forms Of Digital Money In The UK

Date 22/02/2022

The Digital Pound Foundation (DPF) today announces a new strategic partnership with CryptoUK as part of its plans to foster a stronger ecosystem for new forms of digital money in the UK. Incorporated in June 2021 and formally launched in October 2021, the DPF is an independent, non-profit organisation which works with a variety of stakeholders and participants towards the implementation of a well-designed digital Pound. As policy developments surrounding digital currencies are accelerating, the DPF is building partnerships with a number of key organisations to help strengthen the dialogue with policymakers and collaborate on developing best practices.

SEBA Bank Secures Financial Services Permission From Abu Dhabi Global Market And Opens Office In Abu Dhabi

Date 22/02/2022

• The Financial Services Permission (FSP) enables institutional clients to benefit from SEBA Bank’s digital asset banking services, including credit and custody solutions, investment advisory, and management
• SEBA Bank will leverage ADGM’s status as a leading global innovation hub to conduct regulated activities in the region
• Dedicated office and expanded regional headcount to drive institutional business growth and solidify status as regional leader in digital asset banking

Shanghai International Energy Exchange Has Announced Its Circular On Releasing The Revised General Exchange Rules Of The Shanghai International Energy Exchange

Date 22/02/2022

Shanghai International Energy Exchange has announced its Circular on Releasing the Revised General Exchange Rules of the Shanghai International Energy Exchange as follows:

Restructuring Of Subsidiaries For Launch Of JPX Market Innovation & Research, Inc. Operations

Date 22/02/2022

Japan Exchange Group, Inc. (JPX) has today resolved to carry out an organizational restructuring (company split and merger) among its wholly-owned subsidiaries, Tokyo Stock Exchange, Inc. (TSE), Osaka Exchange, Inc. (OSE), JPX Market Innovation & Research, Inc. (JPXI) and TOSHO SYSTEM SERVICE CO.,LTD. (TSS) (hereinafter, the "Restructuring"), with the effective date of April 1, 2022.

Sustainable Trading Launches Non-Profit Membership Network To Drive ESG Change Across Financial Markets

Date 22/02/2022

• 30 founding members from asset management, banking and brokerage, market making, exchanges, technology and service providers
• Mobilising the trading industry to drive positive ESG change by developing industry best practices, benchmarking and transparency

SET Amends Foreign Listing Rules To Attract Overseas Companies

Date 22/02/2022

The Stock Exchange of Thailand (SET) has amended its foreign listing rules by shortening the period for foreign companies to have financial advisors after being listed, consistent with that of Thai companies. Moreover, the silent period has also been shortened to attract foreign companies to seek listing on the Thai bourse. The amended requirements are also aimed to offer more investment alternatives to investors, and will take effect on February 22, 2022 after receiving feedback from public consultation, as well as the Securities and Exchange Commission (SEC)’s approval.