Fintech / Regtech

European Banks Push Ahead with Payments Network Plans

02/03/2021

The European Payments Initiative, launched last July, could have a new pan-European payments network in place by 2025.

Capital / Liquidity

Bangladesh Bank Revises Credit Risk Rating System

01/03/2021

Bangladesh Bank has directed lenders to consider either 2019 or 2020 audited financial statements when determining borrowers’ credit risk ratings for 2021.

Crypto / Digital Assets

BOK to Establish CBDC Pilot System Within March

01/03/2021

The BOK has almost completed the design and technical study of its CBDC, but does not intend to rush into the pilot before undertaking legal and regulatory assessments.

Securities / Derivatives

SZSE Launches Technical Systems for Publicly Offered REITs

01/03/2021

A review system, information disclosure website and offline offering system went live on 1 March, completing the SZSE’s technical preparatory work for a national REITs pilot programme.

Fintech / Regtech

Korea: Supervisory Power Struggle Deepens Between BOK, FSC

25/02/2021

The BOK said it opposes the payment settlement system being used to oversee private transaction data, calling a revision bill proposed by the FSC a “Big Brother law”.

Crypto / Digital Assets

SEC Thailand Considers New Qualifications for Retail Crypto Investors

22/02/2021

The SEC is considering the introduction of screening criteria for retail crypto investors which could include age, trading experience and wealth.

Securities / Derivatives

SEC Thailand Consults on New Rules for Auditors, Audit Firms

17/02/2021

The SEC proposes new rules on the reporting of suspected fraud identified in audits, and to lower entry requirements for auditors in the capital markets.

Crypto / Digital Assets

SEC Thailand Targets Recovery Objective in New Strategic Plan

16/02/2021

The plan includes a ‘recovery and strengthening’ objective, and measures to support the use of liquidity enhancement tools for businesses affected by Covid-19.

Securities / Derivatives

KRX to Ease Requirements for Listing on KOSPI

12/02/2021

The new rules are expected to facilitate the realisation of the “Korean version of Tesla”, the US automaker which listed on the Nasdaq in 2010 based on market cap.