Fintech / Regtech

ACCC Selects Ten Firms to Test Open Banking Data-Sharing

01/10/2019

The ten companies will work with Australia’s big four banks to test the data-sharing ecosystem through open banking APIs in the lead up to open banking’s official launch in February.

Market Infrastructure

First Foreign Firm Approved to Enter China Payments Market

01/10/2019

The PBOC has approved PayPal’s acquisition of a majority stake in domestic payments firm Gopay, giving it access to various domestic payments licences.

Big Picture

EU Equivalence Needed on Cross-Border Intragroup Transactions

01/10/2019

ISDA and EU banking associations are calling for equivalence decisions to be prioritised for Australia, Hong Kong, Singapore and South Korea, among others.

Market Infrastructure

Singapore FIs Need Stronger Cyber Risk Culture: MAS CSAP

01/10/2019

CSAP members cite poor risk culture as a frequent contributing factor during cyber incidents, highlighting that clear expectations must be set at the board and senior management level.

Capital / Liquidity

BSP Lowers Bank Reserve Requirement Ratio

01/10/2019

The 100bp cut in bank reserve requirements is expected to free up about $2.1bn in the financial system “in support of credit activity”.

Securities / Derivatives

Korea FSC Offers New Channels for Venture Capital Investment

01/10/2019

Securities, asset management and venture capital firms can obtain a license to operate a fund which raises capital from investors to list on the KRX and invests in unlisted companies.

Securities / Derivatives

SEBI Issues Norms for Funds on Money Market, Debt Valuations

01/10/2019

Mutual funds should value money market and debt securities using the waterfall approach on the basis of traded yields, SEBI said in a circular.

Securities / Derivatives

WFE Partners with UN Sustainable Stock Exchanges Initiative

30/09/2019

The WFE and SSE will collaborate to enhance ESG disclosure at stock exchanges. They have also jointly published a blueprint for embedding sustainability in stock exchange operations.

Securities / Derivatives

Malaysia Proposes Anti-Corruption Measures for Listed Companies

30/09/2019

The consultation also proposes amendments to facilitate the electronic performance of corporate actions by securities holders.