Market Infrastructure

FSS Korea to Reorganise Consumer Protection Department

24/01/2020

The FSS will reorganise its consumer protection department to boost supervision of high-risk financial products, and establish suptech and regtech teams.

Fintech / Regtech

Australia Considers Opening ‘Write’ Access Under Open Banking

24/01/2020

The government will consider expanding the consumer data right to allow ‘write’ access by entities other than banks, similar to how the EU’s PSD2 operates.

Uncategorised

RBI Eases Limits on FPI Investment in Debt Securities

24/01/2020

RBI has re-opened the ‘voluntary retention route’ for FPI investments in debt, doubling the investment cap. Short-term investment limits have also been eased.

Market Infrastructure

Grab, Razer Considering Malaysia Digital Bank Licences – Report

24/01/2020

CIMB, Hong Leong Bank, Maybank, Grab, Razer, AirAsia, Axiata are reportedly considering submitting bids for Malaysian digital bank licences.

AML / KYC

SEBI to Augment Social Media Monitoring to Fight Manipulation

24/01/2020

SEBI is working on a ‘data lake’ project that will use AI, machine learning and NLP tech to analyse unstructured data and augment market surveillance.

Securities / Derivatives

KRX to Ease Listing Requirements for Startups

24/01/2020

An existing fast-track process for promising startups to list on the KOSDAQ market will be extended to the main KRX bourse in 2020.

S. Korea Regulatory Framework for Banks Deemed EU-Equivalent

24/01/2020

EU credit institutions can apply preferential risk weights to relevant exposures to entities located in Korea, effectively reducing the capital requirements associated with such exposures.

ESG / Sustainability

Refinitiv Launches ESG Data Initiative at WEF, Davos

23/01/2020

The Alliance aims to identify and consolidate the fundamental ESG and alternative data firms require to make sustainable investment decisions and positively contribute to the UN SDGs.

Securities / Derivatives

FSC Korea Eases Five Percent Rule in Support of Shareholder Rights

23/01/2020

Reporting requirements are being eased for investors seeking to exercise shareholder rights in relation to corporate governance, executive pay and dividend policy.