Market Infrastructure

Malaysia: BNM Tasks Committee With Benchmark Reform Objectives

22/12/2020

The Financial Markets Committee will be tasked with overseeing the development of an alternative reference rate for Malaysia and deciding on whether to retain KLIBOR.

Capital / Liquidity

Korea FSS Considers Imposing Limits on Bank Dividends

22/12/2020

While banks performed better than expected this year, the FSS is concerned about new Covid-19 cases being detected in Korea and resulting economic uncertainty.

Securities / Derivatives

Hang Seng Index Operator Seeks ‘More Balanced Representation’

22/12/2020

Hang Seng Indexes Company proposes to increase the number of constituent stocks in the HSI, lower the weight cap, and remove the minimum listing history requirement.

Securities / Derivatives

CSRC Grants Deutsche Bank Fund Custody Licence in China

22/12/2020

Deutsche Bank has become the second foreign bank to be granted a domestic fund custody licence in China, just months after rules were finalised for granting such approvals.

Crypto / Digital Assets

UPDATED: US SEC Files Lawsuit Against Ripple, Top Execs

22/12/2020

The lawsuit will allege that Ripple, its CEO and its Co-founder sold unlicensed securities that should be registered with the SEC.

Fintech / Regtech

Fusion Bank Launches Virtual Banking Services in Hong Kong

22/12/2020

The Tencent-backed virtual bank allows customers to bind their bank accounts to WeChat Pay HK for use in making payments in Hong Kong, China and Macau.

ESG / Sustainability

FSB Urges Standard Setters to Use TCFD Recommendations

22/12/2020

Using the TCFD recommendations as the basis for developing requirements or guidance for climate-related disclosures will help avoid the risk of market fragmentation, the FSB says.

Big Picture

ASIFMA Offers Recommendations to Address ESG Data Challenges

22/12/2020

The report, released by ASIFMA and FOSDA, says the recommendations are critical to supporting and enabling the further development of green and sustainable markets in Asia.

Press Release

Regulation Asia: Top Ten News Stories for 2020

22/12/2020

This list presents the most-read new stories published by Regulation Asia in 2020, based on aggregated user traffic analytics.