Data Privacy

ACCC Publishes Final Data Sharing Rules for Open Banking

06/02/2020

The Consumer Data Right Rules give legislative force to consumer requests for banks to share their data with accredited data recipients.

Trading & Investment

ISDA to Re-consult on Pre-cessation Fallbacks This Month

06/02/2020

ISDA will consult on a single protocol that would allow participants to include both pre-cessation and permanent cessation fallbacks in derivatives trades.

KYC & CDD

India Streamlines FPI Registration Process

05/02/2020

The new ‘Common Application Form’ can be used for three purposes – FPI registration with SEBI, PAN issuance by the CBDT, and KYC for account opening with intermediaries.

Emerging Prudential Risks

India Raises Deposit Insurance Cover Five Fold

05/02/2020

Finance Minister Nirmala Sitharaman announced in her Budget Speech that deposit insurance would be increased to 500,000 rupees per depositor.

Credit Risk

BOT Launches Phase Three of ‘Debt Clinic’ Scheme

05/02/2020

Phase 3 will expand the scope of covered personal debt to include cases involving a single debtor. The Debt Clinic has so far helped over 3,000 borrowers refinance bad debt.

Trading & Investment

SEBI Asks Exchanges to Review Commodity Derivatives Performance

05/02/2020

Performance reviews of commodity derivatives contracts should be conducted each year to ensure alignment with the physical markets.

Climate Risk

MAS to Broaden Range of Climate Risks Included in Stress Tests

05/02/2020

The current priority is to collect climate-related data and understand how it impacts FIs in order to conduct a proper stress test, says MAS board member Ong Ye Kung.

Reporting & Disclosures

SGX, IPOS Launch Joint Initiative to Unlock Value from Intangible Assets

05/02/2020

Until end-2020, a pilot programme will help companies undergo an evaluation and audit process to assess their intangible assets as indicators of business value.

Structural Regulation

HK Bourse to Grant Relief on Issuer Results Announcements

04/02/2020

Listed companies experiencing difficulties publishing results or audited financial statements due to coronavirus-related travel and other restrictions may be granted relief.