Cryptocurrency

Stock Exchange of Thailand Seeks Digital Asset Licence

18/01/2019

The SET plans to apply for a licence to operate a new digital asset exchange, to be set up in collaboration with its members.

Structural Regulation

India Liberalises Framework for Overseas Borrowing

17/01/2019

Eligible domestic borrowers can borrow up to $750mn per year in foreign currency or rupees from any entity in a country which is FATF or IOSCO compliant.

Clearing & Post-Trade

SGX Lowers Messaging Costs for Market Participants

17/01/2019

SGX’s adoption of SWIFT’s CSD Community Offering for financial messaging is expected to reduce messaging costs by 50% for smaller market participants.

Cloud & Infrastructure

Nine Associations Join Forces to Launch ‘Asia-Pacific FinTech Network’

17/01/2019

Launched at the Asian Financial Forum in Hong Kong, the new network aims to boost regional collaboration and cross-border innovation.

Cloud & Infrastructure

S. Korea FSC Announces Fintech Policy Direction for 2019

17/01/2019

More than 200 regulations under review to reduce barriers to fintech investment; Regulatory sandbox set for April launch.

Conduct, Culture & Accountability

RBI Eyes Rules to Match CEO Pay to Bank Financial Health

17/01/2019

The Reserve Bank of India plans to provide guidance rules to bank boards on setting CEO remuneration, based on certain performance-related metrics.

Anti-Money Laundering

China’s NIFA Launches AML/CTF Monitoring Platform for Online FIs

16/01/2019

Online financial institutions including those engaged in online lending, equity crowdfunding, fund sales and consumer finance are required to register on the platform by 31 January.

Structural Regulation

Hong Kong, Luxembourg Sign Mutual Recognition of Funds Agreement

16/01/2019

Eligible general equity, bond or mixed funds authorised by the SFC can seek authorisation to be marketed to retail investors in Luxembourg.

Custody & Infrastructure

HSBC to Enable Blockchain-based FX Settlement Platform for Clients

15/01/2019

In the last year, HSBC has processed more than 3 million internal FX transactions worth over $250bn using the blockchain-based FX settlement platform.