The FSC is trying to spur competition in the capital market, and encourage the establishment of new brokerages. Only six new brokerages have been set up in Korea since 2010.
Eight new cross-border ETFs have started trading on the Shanghai and Tokyo stock exchanges, just days after FTSE Russell started including China A shares in its indexes.
Existing financial benchmark administrators will be notified if their benchmark is considered a "significant benchmark". They will then have three months to apply for RBI authorisation.
The RBNZ is reviewing its regulatory requirements and intensifying its supervision of financial institutions to boost the resilience of New Zealand's financial system.
The CFTC has the right to terminate the exemptive relief granted to foreign brokers, but current regulations do not provide a specific course of action if exemptive relief no longer warranted.
The draft regulatory guide sets out the scope of ASIC's new powers, when and how it expects to use the power, and how a product intervention order is made.
The Global Financial Innovation Network has published a report reflecting on its work over the past year, and its ambitions for the future.
Earlier this month, the RBA called for an enforceable sanctions regime and possible financial penalties for participants that do not deliver core NPP capabilities on time.
Singapore's Liquid Group and Indonesia's CIMB Niaga have established a partnership to accelerate adoption of cross border QR payments.
The letter reports on the FSB's work to monitor financial stability risks, reform implementation progress, and market fragmentation issues.