Market Infrastructure

PBOC to Promote Interbank Repo Rates in Financial Products

31/08/2020

Interbank bond repo rates have been based on actual transactions for over 20 years, the PBOC said, pledging to enhance its benchmark interest rate system.

Securities / Derivatives

SGX, GF Securities to Jointly Promote Sino-Singapore Connectivity

31/08/2020

Under an MoU, GF Securities will promote SGX listed derivatives and securities including REITs and fixed income products to its clients.

Fintech / Regtech

BOK Seeks Consulting Partnership to Advance CBDC Work

31/08/2020

BOK is looking to partner with a local company to establish the system architecture for a CBDC to initiate a pilot test by end-2021.

Market Infrastructure

ESMA Postpones CSDR’s Settlement Discipline Regime

31/08/2020

The regime was initially due to come into force from September 2020 before it was deferred to February 2021. The new effective date is 1 February 2022.

BSP Proposes to Impose Cap on Credit Card Finance Charges

31/08/2020

The BSP says it is looking to impose a maximum finance charge equivalent to an effective annual interest rate of 24 percent for credit card cash advances and installment purchases.

Market Infrastructure

APRA Issues 3rd Consultation Package on Superannuation Data Collection

30/08/2020

The third package contains consultation materials covering four areas: expense reporting, asset allocation, insurance arrangements, and fees and costs.

Securities / Derivatives

CSRC Grants BlackRock Approval For Fully-owned Mutual Fund Unit

30/08/2020

The approval makes the BlackRock the first foreign financial institution to receive approval to set up a wholly-owned mutual fund unit in China.

Market Infrastructure

Japan FSA to Ease Administrative Procedures for Foreign Entrants

30/08/2020

The FSA will soon release financial administration guidelines setting out measures that may make it easier for foreign firms to set up in Japan.

Fintech / Regtech

FSC Taiwan Unveils Three-year Fintech Development Roadmap

30/08/2020

The roadmap includes a new fintech examination and licensing system, to be introduced by 2022, and consent-based data sharing as part of an open banking push.