Market Infrastructure

Singapore, Chongqing Work to Enhance Financial Connectivity

25/11/2020

MAS managing director Ravi Menon spoke of collaboration between the two cities on trade, cross-border lending, green finance, and disaster risk insurance.

Fintech / Regtech

Taiwan Credit Bureau to Provide Fintechs Access to Borrower Data

25/11/2020

The Joint Credit Information Center is planning to establish a new credit database by October 2021 which will provide lending and repayment data to fintech firms.

Capital / Liquidity

Korean Banks Move to Lower Lending Limits for Overdraft Accounts

25/11/2020

Major Korean banks have started lowering limits on overdraft account products, amid a move by financial regulators to curb the accumulation of household debt.

Fintech / Regtech

Consortium of Japanese Firms to Test Digital Currency in April

24/11/2020

The consortium, which includes Japan’s three megabanks as members, aims to address a lack of interoperability between digital payment platforms in the country.

Securities / Derivatives

China Set to Allow Foreign Access to DCE Palm Oil Futures

24/11/2020

Dalian Commodity Exchange palm oil futures will become China’s seventh commodity futures product available to foreign investors.

Securities / Derivatives

SEBI Consults on Extra Disclosure Rules for Listed Companies

24/11/2020

The proposals will ensure listed companies publicly disclose information shared in meetings and conference calls with institutional investors.

Uncategorised

SEC Thailand Proposes Rules to Support Sustainability-Linked Bonds

24/11/2020

The proposed regulations, based on ICMA’s Sustainability-Linked Bond Principles, will help issuers fund the sustainable transformation of their businesses

Enforcement

Australian Court Fines Responsible Entity Over Product Disclosures

23/11/2020

Theta Asset Management and its ex-managing director were fined a combined A$2.1mn for authorising the issue of five defective product disclosure statements.

Capital / Liquidity

RBI Working Group Proposes New Rules on Bank Ownership

23/11/2020

The RBI working group suggests corporates be allowed to own up to 26% of banks, and NBFCs be allowed to convert to a banking licence.