Trading & Investment

Taiwan FSC Lifts Ban on Short-selling Ten Days Early

09/06/2020

South Korea, Malaysia and Indonesia are the remaining Asian nations that still have short-selling bans in place. Malaysia’s is due to be lifted at the end of June.

Market Data & Technology

FSC Korea Opens Access to Public Financial Institution Data

09/06/2020

The public release of the data is expected to contribute to the advancement of the data economy and fintech industry, while also creating more jobs in data-driven innovative services.

Structural Regulation

BOT Launches Regulatory Sandbox for P2P Lending Platforms

09/06/2020

The BOT will seek to use sandbox testing to ensure P2P lending platform providers adopted appropriate risk management and user protection practices.

Clearing & Post-Trade

Taiwanese, Russian CSDs to Cooperate on Capital Markets

09/06/2020

The TDCC and NSD have agreed to support constructive dialogue and cooperation in areas such as electronic voting, fintech and information services, among other areas.

Fraud, Scams & Cybercrime

Korea: Details of 900,000 Credit Cards Leaked, Sold Overseas

09/06/2020

The leaked information included card numbers, expiration dates and the three-digit security code on the back of cards. About 410,000 of the leaked cards are still active.

Credit Risk

RBI Proposes New Norms for Loan Sales and Securitisations

09/06/2020

The draft frameworks will make it easier for banks and other lenders to remove loans from their books amid increasing asset quality and liquidity pressures.

Cloud & Infrastructure

MAS Launches Global FinTech Innovation Challenge

08/06/2020

The competition will seek innovative solutions that can help financial institutions respond to two critical global challenges: Covid-19 and climate change.

Capital Adequacy

SFC Fines Potomac Capital for Breaching Financial Resources Rules

08/06/2020

Potomac misinterpreted the financial resources rules and incorrectly including aged fees receivables as liquid assets, leading to an overstatement of liquid capital.

KYC & CDD

FSC Korea Launches Task Force on Identity Verification Systems

08/06/2020

The FSC supports the development of innovative authentication mechanisms that can provide convenience, safety and security in electronic financial transactions.