Market Infrastructure

Leading Dealers Adopt DTCC-Euroclear Collateral Management Utility

26/03/2019

The Margin Transit Utility provides straight-through-processing and centralised communications and settlement instructions for collateral transfer.

Capital / Liquidity

New Internet-Only Banks in S. Korea to Get Grace on Basel Rules

26/03/2019

The FSC wants to grant new internet-only banks three years’ grace on Basel III requirements to ease the regulatory burden during the early stages of their business operation.

Fintech / Regtech

Singapore, Australia Fintech Bodies Agree to Collaborate

26/03/2019

FinTech Australia and the Singapore Fintech Association have agreed to collaborate on fintech initiatives across ASEAN and Australia. The MoU was signed at Money20/20 in Singapore last week.

Fintech / Regtech

RBI to Issue Regulatory Sandbox Guidelines Within 2 Months

26/03/2019

The RBI will set up a regulatory sandbox and create an ecosystem which promotes collaboration in fintech, central bank governor Shaktikanta Das said on Monday.

Capital / Liquidity

RBI Again Defers Banks’ Implementation of New Accounting Standards

25/03/2019

The RBI has again deferred ‘until further notice’ the implementation of new accounting rules for banks, which could have forced banks to raise bad loan provisions by $16bn in H2, said Fitch.

Big Picture

Hong Kong Consumers Willing to Share Personal Data – Accenture

25/03/2019

Although 60% of Hong Kong consumers say they are very cautious about data privacy, more than half are willing to share significant personal data for lower pricing on financial services.

Enforcement

SEBI Seeks Broader Powers to Pursue Securities Law Violations

25/03/2019

SEBI wants to be able to inspect the books of listed companies when it suspects any securities law violations, and to impose penalties for the manipulation of a company’s accounts.

Securities / Derivatives

S. Korea to Reduce Securities Transaction Tax This Year

25/03/2019

The stock trading tax will be cut on the KOSDAQ, KOSPI and KONEX. Capital gains taxes on stock transactions to also be changed.

Capital / Liquidity

S. Korea to Make Loan Approvals More Startup Friendly

25/03/2019

The FSC will overhaul the corporate loan approval system used at banks to broaden the scope of assets start-ups can pledge to secure financing.