Market Infrastructure
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135RBI Amends Penalties Framework for Payments System Operators
Editors, Regulation Asia January 14, 2020The new penalty for violations will be capped at 500,000 rupees, or double the amount of contravention, whichever is higher.
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440Thailand Developing Foundation for Digital Banking – Report
Editors, Regulation Asia January 14, 2020The efforts are aimed at developing data from non-financial sources, an electronic identification system, and a suitable regulatory framework.
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616Malaysia Joins Digital Banking Revolution with Exposure Draft
Natalie Curtis, Herbert Smith Freehils January 14, 2020Herbert Smith Freehills breaks down Malaysia's new framework for digital banks, comparing the regime to those in Singapore and Hong Kong.
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1.0KQME to Leverage Blockchain to Standardise Warehouse Receipts
Editors, Regulation Asia January 13, 2020HKEX's Qianhai Mercantile Exchange will use blockchain tech from Ant Financial to provide verifiable warehouse receipts which will help commodities businesses to obtain financing.
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240Amex Closer to Entering China Bank Card Market – Report
Editors, Regulation Asia January 13, 2020The latest approval comes over two years after Amex was approved to start preparing a joint venture business with local partner LianLian.
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507S. Korea Passes Bills Enabling Commercialisation of Data
Editors, Regulation Asia January 13, 2020The bills allow the commercial use of unidentified individuals without seeking their consent. A new data exchange will be launched in March.
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447Demand for Stablecoin, CBDC Not Yet Established: RBA
Editors, Regulation Asia January 13, 2020A 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.
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331Video: Understanding MAS’ IAC Guidelines with Herbert Smith Freehills
Editors, Regulation Asia January 13, 2020Regulation Asia sat down with Natalie Curtis, Partner at Herbert Smith Freehills, to understand MAS' new framework on individual accountability and conduct, ahead of its formal introduction expected in early 2020.
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386UK Digital Regulatory Reporting Pilot Completes Phase Two
Manesh Samtani, Regulation Asia January 11, 2020Phase 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.
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407Sri Lanka to Enact New Banking Act in 2021
Editors, Regulation Asia January 10, 2020The new Banking Act will streamline the licensing process, branch approvals, and adopt a proportionality framework for banking regulations, among other changes.
