Market Infrastructure

Fintech / Regtech

South Korea to Debut Open Banking in December

By Editors | 17/04/2019

Following two months of industry deliberation, the FSC has said the new open banking system will be piloted in October, and fully implemented in December.

Market Infrastructure

Global Financial Market Integration Requires More Policy Work

By Manesh Samtani | 17/04/2019

Additional policy work is needed to level the playing field for internationally active entities, according to Financial Stability Institute chairman Fernando Restoy.

Market Infrastructure

Hogan Lovells Releases APAC Data Protection, Cyber Security Guide

By Manesh Samtani | 16/04/2019

The guide offers a look at the key data protection and cyber security developments of 2018, expectations for the year ahead, and guidance for effective compliance.

Fintech / Regtech

India to Strengthen Digital Payments with Blockchain

By Editors | 15/04/2019

The National Payments Corporation of India is soliciting interested partners to build a blockchain-powered digital payments platform for the country.

Market Infrastructure

FRTB May Disadvantage Emerging Markets – ISDA

By Manesh Samtani | 15/04/2019

There is a need for supervisors to consider local specificities when implementing the framework in less developed markets, ISDA says.

Market Infrastructure

Beijing Municipal Government Seeks QDII, RQDII Expansion

By Editors | 15/04/2019

Beijing vice mayor Yin Yong says securities firms, fund managers and futures trading firms should be able to to invest outside China through the QDII and RQDII schemes.

AML / KYC

SWIFT Details Critical Factors for Effective Cyber Defence

By Manesh Samtani | 12/04/2019

Asian banks must accept they are more susceptible as the initial target for fraudulent payments, as well as the receivers, with over 83 per cent of cases based in the region.

Market Infrastructure

SEBI Issues CCP Guidelines for Risk-Based Capital, Net Worth

By Editors | 12/04/2019

New norms have been issued by India’s regulator on computing risk-based capital and net worth requirements for clearing corporations.

Market Infrastructure

MAS Proposes Payment Services Regulations for Consultation

By Manesh Samtani | 11/04/2019

To effect the objectives of the Payment Services Act passed in January, MAS intends to prescribe new regulations for payment services licensees and significant payment systems.