Markets & Infrastructure

Payments & Settlements

ACCC Authorises Amalgamation of BPAY, eftpos, NPPA

By Editors | 15/09/2021

The ACCC said the merger will enable the three payment schemes to coordinate investment proposals, avoid duplicative spending, and likely result in public benefit.

Payments & Settlements

CLS, Global Banks Collaboration on PvP Settlement in FX Market

By Editors | 14/09/2021

Twelve global banks are participating in a pilot to evaluate potential PvP solutions for currencies that are not currently eligible for CLSSettlement.

Structural Regulation

China to Develop Qianhai, Hengqin into GBA ‘Cooperative Zones’

By Editors | 14/09/2021

Qianhai in Shenzhen will be used to strengthen cooperation with Hong Kong while Hengqin in Zhuhai will serve to strengthen cooperation with Macao.

Structural Regulation

Beijing Stock Exchange Issues Draft Listing Rules

By Editors | 14/09/2021

The draft rules cover issuance and listing rules, audit rules, and rules for refinancing and major asset reorganisations of listed companies.

Credit Risk

Ant Group Ordered to Separate Lending Apps from Alipay

By Editors | 13/09/2021

Ant Group’s lending businesses Huabei and Jeibei will also have to transfer data used for lending decisions to a new credit scoring joint venture.

Trading & Investment

Korea to Introduce Fractional Trading of Foreign, Domestic Stocks

By Manesh Samtani | 13/09/2021

Fractional trading is expected to become available within this year for foreign stocks, and in Q3 2022 for domestic stocks, the FSC said.

Trading & Investment

Korea to Create Additional ₩100bn ‘New Deal’ Fund

By Sanday Chongo Kabange | 13/09/2021

The additional New Deal fund will be financed through 80bn won in investments from the private sector and 20bn won from the government.

Conduct, Culture & Accountability

BSP Introduces Stricter Penalty Framework for FIs

By Sanday Chongo Kabange | 13/09/2021

Monetary penalties have increased from PHP 30,000 to a maximum PHP 1 million for each violation. Fines up to three times profit gained or loss avoided can also be imposed.

Structural Regulation

SEC Committee Endorses Stricter Enforcement of SPAC Rules

By Editors | 13/09/2021

The investor advisory committee recommended increased enforcement of existing disclosure rules for SPACs, including in relation to the sponsor’s role.