Structural Regulation

Philippine Bourse Proposes to Ease Listing Rules

26/09/2020

The minimum cap requirement for the Main Board is being removed in favour of a net income requirement. The criteria for the SME Board are also being relaxed.

Supervision & Enforcement

Korea, Thailand Sign MoU on Financial Services Regulation

25/09/2020

The agreement will help enhance supervisory efficiency and promote innovation through experience sharing, technical assistance and exchange of information.

Trading & Investment

US Launches Three New Exchanges, Including MEMX

24/09/2020

Long-Term Stock Exchange (LTSE) launched on 17 September; Members Exchange (MEMX) on 21 September; MIAX Pearl will launch on 25 September.

CBDCs

PBOC, JD.com Partner to Support Digital Currency Fintechs

24/09/2020

The two entities will identify, explore and build fintechs that supports the DCEP on JD.com’s existing e-commerce platforms and services.

Credit Risk

BSP Orders Mandatory 60-Day Moratorium on All Loans

23/09/2020

Lenders are asked to implement a mandatory one-time 60-day grace period for all loans falling due on or before 31 December 2020.

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.