MARKET INFRASTRUCTURE

Market Infrastructure

S. Korea Passes Benchmark Legislation, Seeks BMR Equivalence

By Editors | 04/11/2019

The new legislation will strengthen the management and supervision of financial benchmarks and their administrators, the FSC said.

Fintech / Regtech

Hong Kong Enables Govt Bill Payment Via FPS QR Code

By Editors | 04/11/2019

Bills related to tax, government rates and rent, and water will be issued with FPS QR codes moving forward.

Market Infrastructure

Korea Passes Legislation to Enable Asia Region Funds Passport

By Editors | 04/11/2019

The legislative revision to implement the ARFP in Korea will take effect after six months, and will allow Korean funds to be eligible for offer in other member economies.

Market Infrastructure

Singapore Brokers Experience DDoS-related Disruption

By Editors | 31/10/2019

MAS said a small number of stock brokers encountered DDoS attacks last week, but only “limited disruption” resulted due to their mitigation services being activated.

Market Infrastructure

China Further Eases Restrictions on Foreign Investment

By Editors | 31/10/2019

China will not force foreign investors and companies to transfer their technology to their local partners, according to Vice Minister of Commerce Wang Shouwen.

Fintech / Regtech

S. Korea Launches 10-Bank Pilot of Open Banking System

By Editors | 31/10/2019

Initially, bank customers will be able to access services from 10 banks, before the system is expanded to other banks and fintech firms in December.

Market Infrastructure

BOJ Calls for Applications from Aspiring Benchmark Administrators

By Editors | 30/10/2019

The BOJ committee is soliciting entities that can begin calculating and publishing term structures based on JPY overnight index swaps as prototype rates.

Market Infrastructure

Transitioning Away from IBORs: The View from Asia

By Garima Chitkara | 30/10/2019

Asian banks have a large and complex operational task ahead of them as they prepare for a post-LIBOR world after 2021, say KPMG’s Marie Gervacio and Luke Gower.

Fintech / Regtech

NPP Australia Unveils Roadmap for New Payments Capabilities

By Editors | 30/10/2019

The roadmap includes the development of new structured data capabilities, third party payment initiation, and the ability to link regular payments to a mobile number.