Securities / Derivatives

Sri Lanka Proposes Easing of Stock Market Listing Criteria

05/09/2019

Companies will no longer be required to have three years of consecutive profits to list on the main board of the Colombo Stock Exchange.

MAS Proposes New Format for Reporting Financial Advisor Complaints

05/09/2019

Collecting data in a machine-readable format will increase efficiency by removing the need for manual processes and reducing the risk of human errors, MAS says in a consultation paper.

Fintech / Regtech

Korea Eases Fintech Investment Rules for Financial Firms

05/09/2019

Under new guidelines, rules limiting how much financial firms can invest in non-financial sector tech firms will be lifted, and investment will be allowed in a wider range of fintech firms.

Market Infrastructure

Japan FSA to Revise Standards For Auditors of Listed Companies

05/09/2019

The revised standards will require auditors to disclose the reasons for issuing a qualified opinion in financial statements starting from March 2020.

Enforcement

ASIC Sues Regional Banks Over Unfair Loan Contracts

05/09/2019

ASIC says the terms in Bank of Queensland and Bendigo and Adelaide Bank loan contracts could cause detriment to small businesses.

Fintech / Regtech

India Government Panel Pushes for Fintech, Regtech Adoption

04/09/2019

The panel has also proposed the development of a marketplace model for P2P lending, and the introduction of virtual banking in India.

Market Infrastructure

Compliance Training Failing to Deliver Meaningful Outcomes

04/09/2019

Efforts to shape employee behaviour through compliance training have failed to deliver meaningful outcomes, says a new report from Quinlan & Associates.

Capital / Liquidity

Capital Adequacy Deteriorates at Korean Internet-only Banks

04/09/2019

The capital adequacy ratios of K Bank and Kakao Bank have fallen to 10.62% and 11.74%, respectively, compared 15.34% at Korea’s other institutions.

Market Infrastructure

GRI Sets Up in Singapore to Promote Sustainability Reporting in ASEAN

04/09/2019

The new ASEAN hub will generate valuable know-how for ESG reporting and sustainable finance, and contribute to Singapore’s development as a financial centre, says SGX CEO Tan Boon Gin.