Cybersecurity

BCBS Calls on Banking Sector to Enhance Cyber Defences

21/09/2021

Remote work arrangements and digital financial services have “enlarged banks’ attack surfaces”, creating opportunities for malicious actors, the BCBS said.

Trading & Investment

JSDA to Form Industry Panel to Review IPO Pricing Mechanism

20/09/2021

Startups say IPO prices are set too low prior to listing and that they have often surged on listing. Brokers say the gaps are caused by volatility.

Conduct, Culture & Accountability

FSS Korea to Appeal Ruling Nullifying Woori Chairman Ban

20/09/2021

The appeal will follow a court decision to nullify an FSS decision to ban Woori Financial Group chairman Sohn Tae-seung for three years.

Structural Regulation

BSP Grants Sixth Digital Bank Licence to PayMaya

20/09/2021

The seventh and final digital bank is likely to be an existing bank applying to convert into a digital bank, but approval has been delayed.

Trading & Investment

OSE, TOCOM Launch New Derivatives Trading System

20/09/2021

J-GATE 3.0 will help to expand market liquidity and improve reliability and convenience for investors and trading participants.

Trading & Investment

Montréal Exchange Extends Trading Hours to Accommodate APAC

20/09/2021

The Canadian derivatives exchange said it is syncing its trading hours with APAC markets to support growing investor demand.

Structural Regulation

CSRC Drafts Disclosure Rules for SMEs on New Beijing Exchange

20/09/2021

The proposed rules sets requirements on disclosure content and format to ensure the effectiveness and readability of information disclosures SMEs on the BSE.

Structural Regulation

BSP Instructs Banks to Proactively Transition from LIBOR

20/09/2021

The BSP is not looking to prescribe specific alternative reference rates for use by Philippine banks, saying these choices should be market-driven.

Credit Risk

India Authorises Sovereign Guarantee for New ‘Bad Bank’

20/09/2021

India’s new National Asset Reconstruction Company will acquire stressed assets through the issuance of tradeable security receipts guaranteed by the government.