Fintech / Regtech

S. Korea to Launch Financial Data Exchange in March

22/01/2020

The exchange will match buyers and sellers of financial data and facilitate the use of big data analytics to improve product development in the financial industry.

Fintech / Regtech

HKMA to Set Up ‘Digitalisation Office’ to Implement Transformation

22/01/2020

The progressive development of digitalisation initiatives will bring profound changes to how the HKMA works and further enhance its efficiency, says deputy chief Howard Lee.

Market Infrastructure

S. Korea to Implement Asia Region Funds Passport on 27 May

22/01/2020

To register passport funds that can be offered in overseas markets, fund managers in Korea must have at least $500mn under management and meet a $1mn minimum capital requirement.

Fintech / Regtech

BIS, Six Central Banks to Jointly Explore CBDC Use Cases

22/01/2020

The group will assess CBDC use cases; economic, functional and technical design choices, including cross-border interoperability; and share knowledge on emerging technologies.

Securities / Derivatives

RBI Permits Gift City Trading of Rupee Derivatives

21/01/2020

The move will help address demands from overseas participants for the availability of better tools to hedge India exposures.

Securities / Derivatives

Vietnam to Tighten Bond Issuance Rules Amid Overheating Market

21/01/2020

The draft rules require that separate bond issuances be at least six months apart, and that issuers limit their issuances to three times capital.

Capital / Liquidity

Indonesia to Raise Core Capital Requirement for Banks – Report

21/01/2020

The OJK wants all lenders to have a minimum core capital of 3tr rupiah by 2022. About half of Indonesian banks will be affected.

Securities / Derivatives

SET Unveils Three Pillar Growth Strategy for 2020

21/01/2020

The SET will look to set up trading links with Cambodia, Laos, Myanmar and Vietnam this year, expecting much of its growth to be driven by offshore-related investment products and IPOs.

BNM Sets Out Expectations for Developmental Financial Institutions

21/01/2020

BNM has set out its expectations for DFIs’ business plans and funding requirements, to enable them to achieve greater developmental outcomes and support the private sector.