Market Infrastructure

Underinvestment in Data, Tech a Root Cause of Breaches: ASIC

16/11/2020

Underinvestment in data and technology systems creates operational risks, delays in picking up problems, and costly remediation programmes, says ASIC commissioner Sean Hughes.

Market Infrastructure

Australia Introduces New Package of Royal Commission Reforms

15/11/2020

The package includes reforms to strengthen consumer protections, including by making industry codes enforceable and enhancing FIs’ breach reporting requirements.

Capital / Liquidity

Taiwan Banks Asked to Bolster Controls on Mortgage Lending

15/11/2020

The central bank has said it could introduce selective credit controls if necessary to ensure financial system stability amid an over-heating property market.

Capital / Liquidity

Philippine Senate Passes Bill to Establish ‘Bad Bank’ Framework

15/11/2020

The bill was fast-tracked amid fears that loan defaults could burden lenders and hamper their ability to provide credit to businesses and consumers.

Securities / Derivatives

Indonesia Launches Electronic Trading in Bond, Sukuk Markets

15/11/2020

The platform was designed by London software firm AxeTrading to accommodate Indonesia’s bond and sukuk markets, and boost liquidity and efficiency.

Securities / Derivatives

AMAC Issues Draft Guidelines for Funds on Valuing Financial Instruments

15/11/2020

Publicly-offered securities investment funds will have to calculate impairment of financial instruments based on expected credit losses.

Fintech / Regtech

Korean MyData Industry ‘The First of its Kind’, says FSC Vice Chair

15/11/2020

The FSC’s Doh Kyu-sang says 35 entities are currently under review to receive preliminary licences to participate in the MyData ecosystem.

Securities / Derivatives

SEC Thailand to Cut Redundant Regulations, Red Tape by 2022

15/11/2020

The ‘regulatory guillotine’ project will reduce documentary requirements by almost 2 million sheets per year and processing time by about 102,000 hours per year.

ESG / Sustainability

SEBI to Expand Risk Management Committee’s Role at Listed Entities

15/11/2020

The requirement to constitute a risk management committee will be expanded to more companies and its role expanded to include ESG risks.