Fintech / Regtech

FSC Korea to Enhance Support for Innovative Startups, SMEs

28/02/2020

The policy plan includes support for 1,000+ innovative companies, a new business credit scoring system, a per-industry collective credit guarantee scheme, and the introduction of non-recourse factoring.

Capital / Liquidity

BCBS Clarifies Capital Treatment of Amended LIBOR Contracts

28/02/2020

Capital instruments amended solely to implement benchmark reforms will not be treated as new instruments for the purpose of assessing their eligibility as Tier 1 and Tier 2 instruments.

Crypto / Digital Assets

Thailand SEC Sets Out Three Year Strategic Plan for Capital Market

28/02/2020

The strategic plan includes greater integration of ESG factors in the market, enhancing SME and startup access to capital, promoting the use of digital and e-KYC technologies, among others.

Market Infrastructure

BOJ Enquires into Banks’ Covid-19 Contingency Plans

28/02/2020

Risks to the banking system came into focus on Thursday when MUFG became the first major Japanese bank to report an infection.

Securities / Derivatives

All SGX Issuers Can Apply for Time Extension to Hold AGM

28/02/2020

The two-month extension for companies to hold their AGM applies to all issuers that need more time, irrespective of their place of business or operations.

PBOC to Supply Banks an Additional ¥500b for SME Lending

28/02/2020

The fresh funding comprises ¥300bn in re-lending quotas for small firms, ¥100bn for agriculture, and ¥100bn in re-discounting quotas, to help mitigate the economic impact of Covid-19.

SEBI to Allow Investors Direct Access to Mutual Funds via Stock Exchanges

28/02/2020

The change would allow investors to bypass distributors, investments advisers and other intermediaries when purchasing and redeeming mutual fund units.

Market Infrastructure

Indonesia CSD Goes Live with Nasdaq Technology

28/02/2020

The new CSD platform operates at a rate 40 times faster than the previous system, with the ability to manage up to 80,000 settlement instructions per minute.

Fintech / Regtech

CBIRC Considers New Bad Debt Managers to Resolve P2P Loans

28/02/2020

Companies in Shanghai, Zhejiang and Shenzhen have submitted applications to set up local asset managers to deal with bad loans, particularly those from P2P lending platforms.