ADVERTISEMENT
Market Infrastructure
CBSL Devalues Currency After IMF Calls for Market-based Rates
By Duruthu E Chandrasekera | 10/03/2022
Sri Lanka’s official exchange rate has been effectively pegged to the USD since April 2021. The IMF called for a return to a market-determined and flexible exchange rate.
Market Infrastructure
PBOC Outlines Progress to Advance GBA Connectivity
By Darien Choong | 10/03/2022
About 20,000 investors from the GBA cities participated in the Wealth Management Connect programme by the end of 2021.
Market Infrastructure
CSA Singapore to Update Cybersecurity Act, Code of Practice
By Sanday Chongo Kabange | 09/03/2022
The updates will seek to address ransomware, cloud and 5G technology risks faced by critical information infrastructure sectors including banking & finance.
Market Infrastructure
BOJ Forms Cross-Industry Forum on Interest Rate Benchmarks
By Editors | 09/03/2022
The Forum will facilitate discussions on efforts to enhance the reliability of JPY interest rate benchmarks and practical issues related to the choice and usage of those benchmarks.
Fintech / Regtech
ASIC Reverses Plans to Extend ePayment Protections to Small Business
By Editors | 08/03/2022
ASIC will publish an updated ePayments Code in April, enhancing some consumer protections and extending those protections to payments made using the NPP.
Market Infrastructure
China to Establish Financial Stability Fund to Defuse Risk
By Editors | 08/03/2022
Premier Li Keqiang said at the NPC’s annual meeting that the government will also adopt measures to keep housing prices stable and strengthen financial regulation.
Market Infrastructure
Russian Banks Moving to China UnionPay for Card Issuance
By Manesh Samtani | 08/03/2022
Visa, Mastercard and American Express have all announced decisions to suspend their operations in Russia due to its invasion of Ukraine.
Market Infrastructure
BSP Approves Reporting Rules for Payment System Operators
By Mark Johnston | 07/03/2022
Compliance requires effective a management information system that enables independent validation and periodic independent review of reporting processes and procedures.
AML / KYC
Russia Lays Out Three Exit Options for Foreign Firms
By Manesh Samtani | 07/03/2022
One option is for foreign shareholders to transfer their shares to be managed by Russian partners until they return to the market at a later date.
Securities / Derivatives
BSEC Plans to Transition Stock Market to T+2 Settlement
By Editors | 03/03/2022
BSEC is working on the technical aspects of the change, which will likely be implemented in phases, starting with blue-chip stocks.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team