Market Infrastructure

Market Infrastructure

Malaysia Joins Digital Banking Revolution with Exposure Draft

By Natalie Curtis | 14/01/2020

Herbert Smith Freehills breaks down Malaysia’s new framework for digital banks, comparing the regime to those in Singapore and Hong Kong.

Market Infrastructure

QME to Leverage Blockchain to Standardise Warehouse Receipts

By Editors | 13/01/2020

HKEX’s Qianhai Mercantile Exchange will use blockchain tech from Ant Financial to provide verifiable warehouse receipts which will help commodities businesses to obtain financing.

Market Infrastructure

Amex Closer to Entering China Bank Card Market – Report

By Editors | 13/01/2020

The latest approval comes over two years after Amex was approved to start preparing a joint venture business with local partner LianLian.

Fintech / Regtech

S. Korea Passes Bills Enabling Commercialisation of Data

By Editors | 13/01/2020

The bills allow the commercial use of unidentified individuals without seeking their consent. A new data exchange will be launched in March.

Market Infrastructure

Demand for Stablecoin, CBDC Not Yet Established: RBA

By Editors | 13/01/2020

A retail CBDC could ultimately hurt commercial banks, as it would translate to a fall in deposits and a reduction in the availability of funds for lending to households and businesses, the RBA says.

Fintech / Regtech

UK Digital Regulatory Reporting Pilot Completes Phase Two

By Manesh Samtani | 10/01/2020

Phase two of the DRR pilot highlighted the importance of agreed data standards. An appropriate solution for producing machine-executable regulation has not yet been identified.

Capital / Liquidity

Sri Lanka to Enact New Banking Act in 2021

By Editors | 10/01/2020

The new Banking Act will streamline the licensing process, branch approvals, and adopt a proportionality framework for banking regulations, among other changes.

Market Infrastructure

PBOC Sets Out Policy Priorities for Year Ahead

By Editors | 10/01/2020

The PBOC has announced key policies and tasks for 2020, following an annual work conference held last week in Beijing.

Market Infrastructure

CBIRC Proposes New Rules to Cleanse Financial Leasing Sector

By Editors | 10/01/2020

Of over 10,000 financial leasing companies in China at the end of June, more than 70% have either halted, are shell companies, or are mired in crisis.