Fintech / Regtech

Korea FSC to Use Technology to Deter Misleading Marketing

19/04/2019

The FSC wants to ensure consumers are protected as financial services become more accessible through digital platforms through the introduction of open banking.

Securities / Derivatives

TWSE to Monitor ETFs, ETNs for Pricing Discrepancies

19/04/2019

The TWSE will issue public notifications, based on comparisons of ETF and ETN price movements with the values of their underlying securities.

Enforcement

NAB Provisions Extra A$750mn for Customer Refunds

19/04/2019

The additional provisions reflect expected payouts for NAB’s employed advisers, and the costs to review advice provided by its self-employed adviser network.

Uncategorised

S. Korea Passes Law Allowing Robo Advisers to Manage Funds

18/04/2019

Korea is allowing robo advisers to operate funds, provided they are managed in line with disclosed objectives and have security breach prevention measures in place.

Fintech / Regtech

S. Korea FSC Accepts First Nine Fintech Sandbox Participants

18/04/2019

South Korea’s financial regulator has announced the first nine fintech services that it will allow to operate in its regulatory sandbox.

Securities / Derivatives

SSE Publishes Rules for Sponsors of Sci-Tech Board IPOs

18/04/2019

IPO sponsors will be required to hold stakes of 2-5% in the companies they help list on Shanghai’s new science and technology board.

Market Infrastructure

Settlement Workflow Needs to be Fully Automated – DTCC

18/04/2019

Settlement processes are attracting more attention as regulators require shorter and more certain settlement, with potential penalties for noncompliance.

Fintech / Regtech

China’s New P2P Rules Could Shut Out 90pc of Platforms

17/04/2019

Only 100 P2P lending platforms are expected to qualify for new licences under the new registration system set to be introduced later this year.

Capital / Liquidity

BOK, FSS Launch Joint Audit into Major Banks’ Lending Practices

17/04/2019

The focus of the joint audit will be on the small business lending practices at Shinhan Bank, KB Kookmin Bank, Woori Bank and KEB Hana Bank.