Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Fintech / Regtech
India’s NPCI Unveils DLT Based Platform to Further Streamline Payments
07/01/2020
The Vajra Platform will enhance data security and transparency, facilitate real-time transactions and reduce reconciliation challenges and processing errors, the NPCI said.
Sri Lanka to Penalise 8 Banks for Failing to Lower Lending Rates
07/01/2020
Eight banks will be penalised for failure to lower lending rates by a 27 December 2019 deadline set by the central bank in September last year, intended to ensure the public benefits from monetary policy decisions.
Market Infrastructure
SEBI Issues Revised Framework for Core Settlement Guarantee Fund
07/01/2020
If the core settlement guarantee fund is used up during a calendar month, non-defaulting members of clearing corporations shall immediately replenish the fund.
Securities / Derivatives
China Directs Local Gov’ts to Allow Bond Underwriting by Foreign Banks
07/01/2020
Local governments have been told to revise their procedures and remove restrictions to allow foreign-invested banks to participate in bond underwriting syndicates.
Securities / Derivatives
Taiwan Easing Rules to Encourage More Domestic Investment
07/01/2020
In March, the FSC will announce which banks qualify to issue new structured note products, after the regulator eased regulations on the investment targets they can be linked to.
BSP Revises Disqualification Rules for Bank Directors, Officers
07/01/2020
Bankers can be disqualified and placed on a watchlist for causing undue injury, material loss or damage to a bank, or for exposing it to higher risk or danger.
Securities / Derivatives
CFETS to Launch Interest Rate Options Pilot in February
07/01/2020
Market participants must demonstrate adequate internal operating procedures and risk management systems are in place, and apply by 7 February to become interest rate option market trading members.
Market Infrastructure
UPDATED – 21 Digital Bank Licence Applications Received: MAS
07/01/2020
MAS will announce the successful applicants in June 2020. The new digital bank licencees will be expected to commence business by mid-2021.
Securities / Derivatives
HKEX Chief Lays Out Vision for Decade Ahead
07/01/2020
Charles Li says HKEX will leverage the disruptive power of technology to enhance connectivity between China and the rest of the world in stock, bond and commodity markets.
Securities / Derivatives
RBI Expands Scope of Currency Derivatives Reporting Regime
07/01/2020
To date, the reporting framework only required banks to report currency derivatives transactions worth over $1mn. All transactions below this threshold now have to be reported.
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