Fintech / Regtech

Australia’s Domestic Payment Organisations Propose to Amalgamate

17/12/2020

Australia’s eftpos, BPAY Group and NPPA will be preserved as distinct operations under a single Board with a shared roadmap for innovation and investment.

Fintech / Regtech

Taiwan FSC Cautions New Digital Banks Against Price Wars

17/12/2020

Taiwan’s new digital-only banks should offer innovative products and services instead of resorting to pricing competitions to attract clients, says FSC Chairman Thomas Huang.

Securities / Derivatives

Fast Growing NBFI Sector Presents Financial Stability Risk: FSB

17/12/2020

NBFI that poses financial stability risk grew by 11.1% in 2019, at a faster pace than the average 7.1% annual growth rate from 2013-18.

Capital / Liquidity

HKMA Consults on Implementation of Revised CVA Risk Framework

17/12/2020

The revised CVA risk capital framework is likely to have significant impacts on banks, particularly for those with material CVA risk exposures, the HKMA says.

Capital / Liquidity

ECB Eases Restrictions on Bank Dividends, Share Buybacks

17/12/2020

A continued prudent approach remains necessary until 30 September 2021, given the persisting economic uncertainty, the ECB says.

Fintech / Regtech

Singapore to Review E-wallet Payment Limits in 2021

17/12/2020

Currently, e-wallet users in Singapore can hold up to S$5,000 in their accounts at any one time, and transactions are capped at S$30,000 per year.

Securities / Derivatives

FMA Issues Disclosure Framework for Green Investment Products

17/12/2020

The guidance sets out the type of disclosure the FMA expects from issuers of green bonds and other ‘responsible’ investment products.

Securities / Derivatives

Malaysia to Lift Short Selling Ban, Intraday Ban to Remain

17/12/2020

The dynamic and static price limits and revised circuit breaker mechanism implemented in July will be extended. Margin financing flexibilities for brokers will remain in place.

AML / KYC

MSCI, Nasdaq Announce Removal of Chinese Companies from Indices

17/12/2020

MSCI, Nasdaq, S&P Dow Jones Indices and FTSE Russell have now all announced the removal of Chinese companies from their indexes to comply with last month’s executive order.