Fintech / Regtech

RBI Opens Applications for Third Sandbox Cohort

15/09/2021

Six entities from the first cohort on retail payments have exited the sandbox. The second cohort on cross-border payments is commencing testing this month.

Market Infrastructure

ACCC Authorises Amalgamation of BPAY, eftpos, NPPA

15/09/2021

The ACCC said the merger will enable the three payment schemes to coordinate investment proposals, avoid duplicative spending, and likely result in public benefit.

Market Infrastructure

CLS, Global Banks Collaboration on PvP Settlement in FX Market

14/09/2021

Twelve global banks are participating in a pilot to evaluate potential PvP solutions for currencies that are not currently eligible for CLSSettlement.

Fintech / Regtech

FSC Korea Selects 20 Entities for Digital Data Testbed

14/09/2021

Fintech startups will test their business ideas for 11 weeks between 27 September and 10 December, and announce their results by year end.

Market Infrastructure

China to Develop Qianhai, Hengqin into GBA ‘Cooperative Zones’

14/09/2021

Qianhai in Shenzhen will be used to strengthen cooperation with Hong Kong while Hengqin in Zhuhai will serve to strengthen cooperation with Macao.

Market Infrastructure

Beijing Stock Exchange Issues Draft Listing Rules

14/09/2021

The draft rules cover issuance and listing rules, audit rules, and rules for refinancing and major asset reorganisations of listed companies.

Fintech / Regtech

Ant Group Ordered to Separate Lending Apps from Alipay

13/09/2021

Ant Group’s lending businesses Huabei and Jeibei will also have to transfer data used for lending decisions to a new credit scoring joint venture.

Enforcement

Another Top China Development Bank Exec Probed for Corruption

13/09/2021

He Xingxiang is the second most senior official at China Development Bank to become the subject of a corruption probe.

Fintech / Regtech

MAS Grants RMO Licence to Digital Asset Platform SDAX

13/09/2021

SDAX allows asset owners to tokenise and list their assets as digital securities. Its first real estate token listing is expected within 2021.