Structural Regulation

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.

Conduct, Culture & Accountability

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.

Conduct, Culture & Accountability

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.

Data Privacy

Australia Considers Opening ‘Write’ Access Under Open Banking

24/01/2020

The government will consider expanding the consumer data right to allow ‘write’ access by entities other than banks, similar to how the EU’s PSD2 operates.

Trading & Investment

RBI Eases Limits on FPI Investment in Debt Securities

24/01/2020

RBI has re-opened the ‘voluntary retention route’ for FPI investments in debt, doubling the investment cap. Short-term investment limits have also been eased.

Structural Regulation

Grab, Razer Considering Malaysia Digital Bank Licences – Report

24/01/2020

CIMB, Hong Leong Bank, Maybank, Grab, Razer, AirAsia, Axiata are reportedly considering submitting bids for Malaysian digital bank licences.

Market Abuse

SEBI to Augment Social Media Monitoring to Fight Manipulation

24/01/2020

SEBI is working on a ‘data lake’ project that will use AI, machine learning and NLP tech to analyse unstructured data and augment market surveillance.

Structural Regulation

KRX to Ease Listing Requirements for Startups

24/01/2020

An existing fast-track process for promising startups to list on the KOSDAQ market will be extended to the main KRX bourse in 2020.

Capital Adequacy

S. Korea Regulatory Framework for Banks Deemed EU-Equivalent

24/01/2020

EU credit institutions can apply preferential risk weights to relevant exposures to entities located in Korea, effectively reducing the capital requirements associated with such exposures.