ADVERTISEMENT
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.
Market Infrastructure
Vietnam Central Bank Sets Out 2020 Policy Tasks
By Editors | 10/01/2020
The key policy tasks for the year include reducing banking sector NPLs to below 2% and promoting the use of non-cash payments.
Market Infrastructure
PBOC Reverses No Interest Policy for Payments Companies – Report
By Editors | 10/01/2020
The PBOC will pay just 0.35% annually on customer money that payments firms hold with the central bank, but the move marks a reversal of an earlier decision to pay no interest.
Market Infrastructure
ESMA Grants LEI Reporting Relief to Non-EU Issuers Under SFTR
By Editors | 09/01/2020
ESMA has granted non-EU issuers of securities and collateral a 12-month grace period before they are required to report LEIs under SFTR.
Fintech / Regtech
UK Financial Regulators Announce Data Reform Proposals
By Editors | 09/01/2020
The FCA has set out a plan to become a ‘highly data-driven regulator’. The BOE has published a discussion paper on transforming data collection.
Market Infrastructure
Japan FSA Grants Client Clearing Licence to HKEX
By Editors | 09/01/2020
HKEX has announced that its central counterparty subsidiary, OTC Clear, has received approval to offer client clearing services to banks in Japan.
Capital / Liquidity
Three Emerging Risk Issues for Banks in Hong Kong
By Simon Topping | 09/01/2020
There are three key areas where Hong Kong regulators are expected to turn up the heat in 2020, says KPMG’s Simon Topping.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.