Conduct, Culture & Accountability

Korea FSS Finds Banks Failing to Inform Borrowers of Rights

23/09/2020

Since June 2019, banks have been required to inform customers of their right to request lower interest rates when their credit profiles improve or their assets increase.

Trading & Investment

SEBI Modifies NAV Rules for Mutual Fund Schemes

22/09/2020

The move is expected to create a more level playing field for all mutual fund investors and promote greater use of digital payment channels.

Cryptocurrency

EU Set to Unveil Regulatory Framework for Crypto-assets

22/09/2020

A leaked set of proposals indicates the European Commission is looking to introduce an EU-wide digital finance framework to hep regulate crypto-asset activities.

Structural Regulation

Cambodia to Unify Non-Banking Financial Services Regulators

18/09/2020

Regulators of insurance, private pensions, securities, social security, administration, accounting and auditing, real estate, mortgages and guarantees will be combined into a single authority.

Emerging Prudential Risks

CBIRC Steps Up Efforts to Control Risks in Internet Finance

17/09/2020

Regulators are working to include internet lending in credit reference systems, and to make it easier to jointly punish dishonest borrowers.

Structural Regulation

Myanmar Plans Second Stock Exchange For Public Companies

17/09/2020

The new exchange will be set up as a pre-listing board with looser listing requirements, and serve as a launchpad for listing on the YSX.

Cryptocurrency

India Contemplates Law Banning Cryptocurrency Trading

17/09/2020

The government will still encourage blockchain, and is exploring its use to manage land records, pharmaceutical supply chains and educational records.

Reporting & Disclosures

Singapore Fund Industry to Collaborate to Address Skills Gap

16/09/2020

The first phase of the initiative will equip asset management trainees with foundation skills as well as future-ready skills in fintech, impact investing and ESG.

Fraud, Scams & Cybercrime

Japan FSA Probes E-money Providers as More Thefts Emerge

16/09/2020

NTT Docomo has reported additional cases of thefts through its e-money service. Japan Post Bank has identified similar thefts via five other operators.