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Fintech / Regtech
BOT Opens Applications for New FX E-Money Licences
By Editors | 30/06/2020
Non-bank operators can apply for a new licence to issue e-money in foreign currencies for customer payments for cross-border goods and services.
ESG / Sustainability
The Increasingly Important Role of Stock Exchanges in Social Contracts
By Adam Wielowieyski | 30/06/2020
The automation of markets enables a wider movement towards valuing companies on their moral contributions to society as much as their ability to maximise profitability, says HKEX’s Adam Wielowieyski.
Market Infrastructure
China May Grant Securities Licences to Major Banks – Report
By Editors | 29/06/2020
At least two major banks are expected to be allowed to conduct investment banking business intially, rather than the full range of securities services.
Market Infrastructure
China Sets Stage for GBA Wealth Management Connect Scheme
By Editors | 29/06/2020
Under a pilot scheme, Greater Bay Area residents will be able to invest in wealth management products distributed by GBA banks across boundaries.
Securities / Derivatives
Singapore Banks Ready to Trade SORA Derivatives
By Editors | 29/06/2020
The ABS and SC-STS say “significant progress” has been made in key technical work to support Singapore’s transition from SOR to SORA.
Big Picture
FSB Evaluates Efficacy of Too-big-to-fail Reforms
By Editors | 29/06/2020
The evaluation found that the TBTF reforms have made indeed banks more resilient and resolvable, but barriers to bank resolvability still need to be addressed.
Capital / Liquidity
India Brings Cooperative Banks Under RBI Oversight
By Editors | 29/06/2020
Under the Banking Regulation Act amendments, cooperative banks can also undertake merger and restructuring activities more easily and access to fundraising channels.
ESG / Sustainability
A Detailed Look at MAS’ Environmental Risk Management Guidelines
By Grace Chong | 29/06/2020
Grace Chong at global law firm Simmons & Simmons JWS analyses the key points of MAS’ proposed Guidelines on Environmental Risk Management, and sets out the key practical steps to be taken.
Enforcement
RBNZ Secures Funding to Boost Supervisory, Enforcement Capability
By Editors | 28/06/2020
The RBNZ will direct the additional funding towards its supervisory and enforcement capability, technology infrastructure and security architecture.
Market Infrastructure
IOSCO Offers Guidance to Promote Deference Between Regulators
By Editors | 28/06/2020
IOSCO offers 11 good practices to help regulators establish and operate efficient deference processes, and mitigate the risk of market fragmentation.
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