Market Infrastructure

RBI Issues Eligibility Criteria for Use of Credit Information Services

07/01/2022

More entities will become eligible to tap credit information disseminated by CICs, which observers say will benefit digital lenders and neobanks.

Fintech / Regtech

Korean Presidential Hopeful to Use NFTs for Campaign Fundraising

07/01/2022

The Democratic Party of Korea’s Lee Jae-myung is set to become the world’s first presidential candidate to raise campaign funds using NFTs.

Securities / Derivatives

RBI Introduces New Market Making Scheme for G-sec Market

06/01/2022

The market-making scheme will ensure quotes are available to retail investors using the RBI Retail Direct Scheme to buy and sell G-secs.

Securities / Derivatives

FSC Korea Outlines Plans to Launch Second ‘New Deal’ Fund

05/01/2022

A private fund manager will be selected to manage 20% of the fund, which will prioritise investment in carbon net zero initiatives and local New Deal sectors.

Fintech / Regtech

BNM Proposes New Licensing Framework For Digital Insurers

05/01/2022

Digital insurers and takaful operators should have a minimum paid-up capital of MYR 40 million during the foundational phase.

Fintech / Regtech

South Korean Financial Institutions Launch ‘MyData’ Services

05/01/2022

On Wednesday, 33 firms started offering MyData services, enabling consumers to centralise management of their data from different institutions.

Korea to Enhance Credit Recovery Support Measures

04/01/2022

The CCRS and 5 state-backed guarantee institutions have agreed to adjust credit recovery standards to help borrowers of guaranteed loans return to normal more quickly.

Securities / Derivatives

Morgan Stanley Closer to Full Ownership of China Brokerage

03/01/2022

Morgan Stanley will increase its stake in its China securities joint venture to 94 percent, subject to regulatory approvals.

Market Infrastructure

FSC Korea Says LIBOR Transition Progressing Smoothly

31/12/2021

The CD rate has been actively replaced with Korea’s new RFR, known as KOFR, since its introduction on 25 November, the FSC said.