MARKET INFRASTRUCTURE

Market Infrastructure

Korea FSC Sets Out Financial Policies Tasks for 2020

By Editors | 28/12/2019

The FSC will expand funding for innovative companies and key industries, strengthen financial consumer protections, tighten mortgage lending rules, and facilitate debt restructuring.

Market Infrastructure

Japan Unveils Final Report on Proposed TSE Reorganisation

By Editors | 28/12/2019

The transition to three market sections is expected to be completed within H1 2022, but the changes will be implemented gradually in phases to mitigate the impact on listed companies.

Market Infrastructure

Malaysia Issues Draft Licensing Framework for Digital Banks

By Manesh Samtani | 28/12/2019

Foreign financial institutions will be allowed to hold a majority stake, but preference will be given to applications where Malaysian nationals own the controlling equity interest.

Market Infrastructure

ESMA Extends UK CCP Recognition to Guard Against No-Deal Brexit

By Editors | 27/12/2019

The temporary recognition decisions for LCH, ICE Clear Europe and LME Clear have been extended to 30 March 2021, in case of a no-deal Brexit scenario.

Market Infrastructure

RBI Allows IFSC Banks to Open Foreign Currency Current Accounts

By Editors | 26/12/2019

IFSC Banking Units will be allowed to open foreign currency current accounts for entities operating in Gift City, including non-resident institutional investors and corporate borrowers.

Market Infrastructure

Taiwan FSC Outlines Bank Examination Priorities for 2020

By Editors | 26/12/2019

The FSC’s Financial Examination Bureau will reportedly focus on compliance with rules on AML, corporate governance, information security, consumer protection and personal data protection.

Market Infrastructure

ASIC, APRA Issue Updates on Governance, Accountability

By Editors | 25/12/2019

The updates are a response to the Royal Commission, which called on both regulators to reform their internal accountability frameworks to reflect requirements prescribed by BEAR.

Market Infrastructure

PayPal Obtains Online Payments Licence in China

By Editors | 24/12/2019

PayPal’s acquisition of a majority stake in Gopay gives it access to licences that allow it to offer online, mobile and cross-border renminbi payments.

Market Infrastructure

Macau Banks Encouraged to Set Up on Mainland: CBIRC

By Editors | 24/12/2019

China has unveiled a raft of policies to increase financial cooperation with Macau, largely seen as a reward for the city’s adherence to ‘One Country, Two Systems’.