Fintech / Regtech

Australia Launches Open Banking Data Sharing Regime

01/07/2020

The big four banks have opened up their deposit, transaction account, credit and debit card data for customers to share with other major banks or accredited fintech providers.

Capital / Liquidity

India Approves Special Liquidity Scheme for NBFCs

01/07/2020

An SPV back by State Bank of India will buy investment-grade debt paper with residual maturity under three months to provide NBFCs and HFCs liquidity to settle existing debt.

Securities / Derivatives

SGX to Launch New Taiwan Index Futures Contract

01/07/2020

The launch will help meet the rising demand of US and European investors for access and investment exposure to Taiwan, said SGX Head of Equities Michael Syn.

DBS Unveils Sustainable Finance Framework for Clients

01/07/2020

The framework and taxonomy will help DBS clients transition to more sustainable business models, providing them transition financing to do so.

Market Infrastructure

Philippine SEC Seeks Independent Board at Stock Exchange

01/07/2020

The Philippine Stock Exchange currently has three independent directors on its 15-seat board. Under the proposed rules, a majority of the directors will have to be independent.

Enforcement

Korea: Optimus Asset Management Ordered to Suspend Business

01/07/2020

Company executives will be removed and designated administrators will take over their duties. Optimus is accused of fabricating depository statements sent to brokers.

ASIC Offers Whistleblower Guidance for Auditors, Company Officers

01/07/2020

The guidance explains the obligations of company auditors and company officers under the whistleblower protection provisions under the Corporations Act.

Market Infrastructure

FSB Issues Statement on Global Benchmark Transition

01/07/2020

The FSB maintains its view that financial and non-financial sector firms across all jurisdictions should continue efforts to remove remaining LIBOR dependencies by end-2021.

Securities / Derivatives

Wave of Fund Managers Looking to Set Up Singapore VCCs

01/07/2020

Up to 70 VCCs have already been launched in Singapore, many by small and boutique funds or local family offices. But a much larger wave of companies is on its way.