ACCC Concludes Review of Retail Deposits Market

15/12/2023

The ACCC found banks using “strategic pricing” for retail deposit products, which worsens outcomes for consumers.

Market Infrastructure

Japan Unveils Policy Plan to Reform Asset Management Industry

15/12/2023

The plan is based on proposals from an asset management task force that was formed to develop recommendations for the government.

Securities / Derivatives

Korea Enhances Whistleblower System to Combat Unfair Trading

15/12/2023

The maximum reward limit is being increased and anonymous reporting is being introduced to encourage more active reporting by the public.

Crypto / Digital Assets

BCBS Proposes Targeted Amendments to Cryptoasset Standard

15/12/2023

The BCBS proposes to update the requirements relating to banks’ exposures to stablecoins, and other technical amendments.

Market Infrastructure

Korea Eases Market Access Requirements for Foreign Investors

14/12/2023

The foreign investor registration requirement is abolished and reporting requirements applicable to omnibus accounts have been eased.

Fintech / Regtech

China, Hong Kong Streamline Personal Data Sharing Across GBA

14/12/2023

A standard contract will be piloted this month to allow personal data to be transferred within the GBA in a safe and orderly manner.

Market Infrastructure

Shenzhen, Abu Dhabi Agree to Cooperate on Capital Markets

14/12/2023

The exchanges will explore cooperation on index and fixed-income products, ETF product interoperability, and depositary receipts.

Market Infrastructure

Japan Publishes Conclusions from Asset Management Task Force

14/12/2023

The FSA published a report outlining proposals to develop Japan’s asset management industry and encourage households to invest their savings.

MAS Unveils Key Decisions on Mandatory Reference Check Regime

13/12/2023

The new requirements will come into effect one year after publication of the relevant Notices, which will first be subject to consultation.