Crypto / Digital Assets

Thailand to Mandate Extra Reporting Rule for Digital Asset Trades

19/07/2019

Digital asset exchanges will have to report all trades exceeding 5 million baht to commercial banks, which will then report the transactions to the Thailand’s Anti-Money Laundering Office.

Enforcement

S. Korea Forms Special Unit to Investigate Unfair Trading

18/07/2019

The squad comprises 16 special judicial police officers, one FSC public official and 15 FSS employees, tasked with handling unfair trading cases under the command of Seoul prosecutors.

Market Infrastructure

New Zealand FMA Assesses Financial Sector Cyber Resilience

18/07/2019

Market participants appear to be relying heavily on protective measures, while underinvesting in detection measures as part of their overall cyber-resilience, the FMA said.

Capital / Liquidity

China Enhances Market Exit Mechanism for Failing Financial Institutions

18/07/2019

China currently lacks smooth market exit channels, reflected in insufficient supporting measures and high exit costs for financial institutions in distress, said an NDRC spokesperson.

Fintech / Regtech

Korea to Enhance Transparency of Digital Bank Evaluations

18/07/2019

The FSC has announced changes to the operational procedures of its evaluation committee for internet-only bank, amid plans to reopen applications for new licences on 10 October.

Market Infrastructure

APRA Set for Dramatic Overhaul in Response to Capability Review

18/07/2019

Among the review’s recommendations are proposed veto powers to prevent the appointment or reappointment of “inappropriate” directors and senior executives at regulated entities.

Capital / Liquidity

China Issues New Rules for Distressed Asset Fund Managers

17/07/2019

Under the new rules, local AMCs must price bad assets fairly and are prohibited from setting buyback terms in acquisition contracts to help financial institutions cover up bad assets.

Securities / Derivatives

Myanmar Bourse May Open to Foreigners by Year-End

17/07/2019

Foreign investors will be allowed to hold up to a 35% stake in Myanmar-listed companies, as stipulated in the new Companies Law, which entered into force in August 2018.

Securities / Derivatives

Dhaka Bourse to Develop Tradeable Capital Market Indices

17/07/2019

The Shanghai and Shenzhen bourses, as strategic partners, will provide technical support to help the Dhaka Stock Exchange develop the new indices.