Market Infrastructure

Market Infrastructure

China Issues Implementing Regulation for New Foreign Investment Law

By Editors | 03/01/2020

Effective from 1 January, the regulation emphasises legal protections for foreign investors, prohibits forced technology transfers, and promises equal treatment for foreign-invested enterprises.

Market Infrastructure

Risks to Hong Kong Outlook Tilted to Downside: IMF

By Editors | 02/01/2020

However, robust policy frameworks and ample buffers will help the Hong Kong economy weather the challenges ahead.

ESG / Sustainability

BNM Publishes Draft Taxonomy to Help FIs Classify Climate Risks

By Editors | 02/01/2020

Supervised institutions are expected to integrate climate-related risks and considerations into their business strategies and risk management practices, BNM says.

Market Infrastructure

China Banks, Insurers Urged to Develop Foreign Trade-related Services

By Editors | 02/01/2020

New guideline asks banks and insurers to develop foreign trade-related financial services to help develop bilateral trade between China and key jurisdictions, including the ‘Belt and Road’ countries.

Market Infrastructure

BSP Extends Registration Deadline for Payment System Operators

By Editors | 30/12/2019

Existing payment system operators were given until 1 January to register with the BSP. This has been extended to 1 April 2020.

Market Infrastructure

BNM Issues Draft Responsibility Mapping Framework for FIs

By Editors | 30/12/2019

The framework will ensure that responsibilities and accountabilities for key functions at financial institutions are clearly allocated to appropriately senior and competent individuals.

Capital / Liquidity

CBIRC Issues Revised Regulations for Foreign Banks in China

By Editors | 30/12/2019

The revised regulations implement the removal of foreign ownership limits and asset thresholds for setting up local units, among other relaxations.

Market Infrastructure

Grab, SingTel Team Up to Apply for Singapore Digital Bank Licence

By Editors | 30/12/2019

Grab and Singtel will respectively hold a 60% and 40% stake in the new consortium entity, which will seek to serve both retail consumers and SMEs.

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.