Fintech / Regtech

Japanese Lawmakers Working on ‘Digital Yen’ Proposal – Report

28/01/2020

The group of lawmakers reportedly plans to submit its proposal for a ‘digital yen’ to the government as early as next month.

Fintech / Regtech

WEF Announces Global Consortium for Digital Currency Governance

28/01/2020

The consortium aims to address regulatory fragmentation and increase access to the financial system through innovative policy solutions for digital currencies.

Securities / Derivatives

Australia to Decide on Removal of ‘Conflicted’ Stamping Fees

28/01/2020

Fund managers have been paying ‘conflicted’ up-front commissions to financial advisers and brokers under a 2014 exemption, which ASIC says has resulted in worse investment returns.

Securities / Derivatives

BSE India Signs Licensing Agreement with ICE Futures Europe

28/01/2020

BSE India is using the ICE Brent Index as the final settlement price for its new rupee-denominated Brent futures contract, which launched on Tuesday.

Securities / Derivatives

SEBI Prescribes New Margin Framework or Commodity Derivatives

28/01/2020

Clearing corporations are asked to categories commodity derivatives as low, medium and high risk, and to set new IM and MPOR floors.

Capital / Liquidity

Japan Banks to Hold More Capital Against Partner Relationships – Report

27/01/2020

Higher capital requirements could accelerate the unwinding of cross-shareholdings, a Japanese practice of owning shares in business partners.

Securities / Derivatives

KRX to Cap KOSPI 200 Single Stock Weighting at 30pc

27/01/2020

Institutional investors who mirror the KOSPI 200 index may need to offload an estimated 500-800bn won worth of Samsung Electronics shares to rebalance their portfolios.

Enforcement

NAB Units Face Class Action for Mismanaged Superannuation

27/01/2020

The case will focus on NAB’s alleged failure to transfer A$6.3mn of accrued default amounts to MySuper in a timely fashion, as required by law.

Market Infrastructure

FSS Korea to Reorganise Consumer Protection Department

24/01/2020

The FSS will reorganise its consumer protection department to boost supervision of high-risk financial products, and establish suptech and regtech teams.