Market Infrastructure

HKMA Lays Out Regulatory Framework for Open API

19/07/2018

The HKMA is set to launch an Open API on its website to make financial data more accessible to consumers and facilitate client onboarding by banks starting 23 July; the API will begin with providing 50 sets of financial data.

Enforcement

South Korea Investigates Four More Banks for Lending Fraud

19/07/2018

Four regional banks suspected of wrongfully calculating loan rates for consumers will be investigated by the FSS starting next month, after internal probes found over 290 cases of lending fraud.

Capital / Liquidity

Five Indian State-Run Banks to Receive Additional Capital Infusion

19/07/2018

Indian government will infuse $1.6bn in additional capital into five state-run banks that have been struggling to meet capital adequacy ratios due to higher than expected losses from bad loans.

Crypto / Digital Assets

Crypto Assets Come Under International Regulatory Scrutiny

19/07/2018

The FSB submitted a report to the G20 detailing a framework to monitor potential contagion risks and wealth effects arising from crypto-assets.

Fintech / Regtech

Singapore, Korea Agree to Cooperate on Fintech

19/07/2018

MAS and Korea’s FSC have signed an agreement to provide regulatory support to fintech firms from either country looking to expand in the other.

Enforcement

Korea Exchange to Boost Monitoring of Short Selling

19/07/2018

KRX will launch punitive action for breach of short selling norms by Goldman Sachs and boost its monitoring of improper short selling.

Crypto / Digital Assets

Bank-backed Crypto Exchange Opens to Retail Investors in Japan

19/07/2018

Following limited launch by SBI Holdings in June, cryptocurrency exchange VCTRADE has now begun accepting retail investors; no applications allowed from corporate or institutional investors.

Fintech / Regtech

Thailand Explores Blockchain Use for Banking, Bonds Settlement

18/07/2018

BOT looking at blockchain applications for document authentication, cross-border payments and regional connectivity; Bond Market Association working to release a bond settlement token.

Capital / Liquidity

Sri Lanka Macroprudential Indicators Negative for Banks – Fitch

18/07/2018

Sri Lanka’s “weak economic environment” and regulatory reforms may impact banks’ operating environment and credit profiles, says ratings agency Fitch.