Conduct, Culture & Accountability

ASIC Urges Better Conduct from Lead Managers in Mining IPOs

06/12/2019

Among ASIC’s concerns is the prevalence of conflicts of interest, whereby lead managers act for both the company and investing clients while holding direct interests and board seats in the company.

Data Privacy

China to Increase Oversight Over Banking & Finance Mobile Apps

06/12/2019

The National Internet Finance Association has launched a 23-firm pilot scheme to address concerns around risks to user privacy from financial institutions’ mobile apps.

Capital Adequacy

India Finalises ‘On-Tap’ Licensing Regime for Small Finance Banks

06/12/2019

India’s central bank has issued its final guidelines for ‘on-tap’ licensing of small finance banks, doubling the minimum capital requirement to 2 billion rupees.

Payments & Settlements

Japan, Indonesia Agree to Local Currency Settlement for Trade, Investment

06/12/2019

Japan and Indonesia have agreed on a local currency settlement deal that will allow the use of the yen and rupiah to settle bilateral trade and direct investment transactions.

Data Privacy

India’s Cabinet Approves Personal Data Protection Bill

06/12/2019

Under the bill, major violations of data privacy norms can be penalised with jail terms, or monetary fines up to 150 million rupees or 4% of a company’s worldwide turnover, whichever is higher.

Structural Regulation

Philippine Bourse Proposes Tightening of Delisting Rules

06/12/2019

Under the proposed rules, a voluntary delisting must be approved by all independent directors and by stockholders owning at least 75 percent of the total outstanding listed shares.

Capital Adequacy

Capital Deficit May Force Vietnam Majors to Halt Lending: SBV

06/12/2019

Vietcombank, BIDV, Vietinbank and Agribank are close to minimum capital adequacy requirements and may be forced to stop lending if they are not allowed to increase capital.

KYC & CDD

Sri Lanka to Develop Shared KYC Facility Using Blockchain

06/12/2019

The CBSL is inviting software development companies to apply (by 31 December) to help in the development of a proof-of-concept of a shared KYC facility.

Alternative Markets

Bangladesh Regulator Approves Rules for ‘Alternative Trading Board’

06/12/2019

The Bangladesh Securities and Exchange Commission has approved a set of rules to enable the trading of non-listed companies on a new ATB board.