Fintech / Regtech

Malaysia Consults on Frameworks for ICOs, Property Crowdfunding

08/03/2019

The ICO framework covers issuer eligibility, transparency in disclosures, and utilisation of proceeds. The property crowdfunding framework was first announced in Budget 2019.

Securities / Derivatives

China Allows IMF Access to Domestic Markets Through RQFII

08/03/2019

The CSRC said it made the decision after receiving an application from the IMF, whose RQFII investment quota has not yet been revealed.

Market Infrastructure

MAS Enhances Guidelines on Technology Risk, Business Continuity

08/03/2019

Both guidelines under consultation continue to emphasise the importance of risk culture, and the roles of the board and senior managers in technology risk and business continuity management.

AML / KYC

APRA, AUSTRAC to Engage Regtechs on Solution Development

08/03/2019

APRA and AUSTRAC plan to directly engage and share information with regtech firms to aid in their development of solutions that can help regulated entities comply with reporting obligations.

Big Picture

S. Korea FSC Unveils 2019 Financial Policy Roadmap

08/03/2019

Highlights will include measures to accelerate financial innovation, approve online-only banks, launch a regulatory sandbox, and strengthen consumer and investor protection.

Market Infrastructure

Japan FSA Official Lays Out G20 Financial Sector Agenda

07/03/2019

Under Japan’s Presidency this year, the G20 financial sector agenda will centre on addressing market fragmentation, technological innovation and the problems of aging societies.

Capital / Liquidity

S. Korea FSC Wants More Supervision over Financial Conglomerates

07/03/2019

South Korea’s FSC is pushing to expand its oversight of conglomerates to include those that own other types of financial businesses besides banks.

Capital / Liquidity

India to Raise Capital Rules for Housing Finance Companies

07/03/2019

India’s mortgage regulator is proposing to increase capital adequacy requirements for housing finance companies from 12% to 15% by March 2022.

Market Infrastructure

Japan Mulls Measures to Enable Consolidation of Ailing Banks

07/03/2019

Japan’s government plans to introduce legislation that will provide exemptions from its anti-monopoly law to allow regional banks to consolidate more easily.