ACCC Highlights Improved Price Transparency on FX Conversions

17/06/2020

An ACCC review last year found that a lack of pricing transparency forced consumers to rely on the more expensive big four banks for FX conversion and international money transfers.

Market Infrastructure

Eurex Clears its First Interest Rate Swaps from Japan

17/06/2020

The FSA granted Eurex Clearing a licence as a foreign financial instruments clearing organisation in March, allowing it to offer clearing services in Japan.

Market Infrastructure

FMA Sets Out Full Licence Conditions for NZ Financial Advisers

17/06/2020

In a consultation paper, the FMA specifies three distinct classes of financial advice provider licences, to allow applicants to apply for the licence that best suits their circumstances and business structures.

Fintech / Regtech

BOK Panel to Explore Legal Issues of CBDC Issuance

17/06/2020

The BOK has formed a legal advisory group comprising internal and external experts to discuss the legal and regulatory issues surrounding a central bank digital currency.

Crypto / Digital Assets

India Considers Next Steps to Regulate Cryptocurrency

17/06/2020

Market commentators believe that a recent Supreme Court decision has prompted the government to work towards a new regulatory approach, rather than an outright ban.

AML / KYC

Green Crime: A Global Challenge Requiring a Global Response

17/06/2020

A coherent global response and unifying standards are needed to tackle illegal wildlife trade and environmental crime. Financial institutions have a crucial role to play.

Fintech / Regtech

FSC Korea to Enhance Regulatory Framework for Crowdfunding

17/06/2020

SMEs will be allowed to raise funds through crowdfunding platforms, and the capital raising limit will be raised, among other enhancements to the existing framework.

Market Infrastructure

BOJ Expands Coronavirus Lending Programme to Over $1tr

16/06/2020

BOJ governor Haruhiko Kuroda indicated that the total size of the programme could rise further, particularly if a second wave of Covid-19 infections emerges.

Market Infrastructure

OCBC Issues Singapore’s First SORA-based Loan Facility

16/06/2020

The S$150mn three-year corporate loan from OCBC to CapitaLand is hailed as a milestone in the industry’s transition roadmap towards SORA adoption.