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Structural Regulation
CSRC to Promote China-US Cooperation on Audit Supervision
By Editors | 24/08/2021
The CSRC said it will create conditions to promote China-US cooperation on audit supervision, strengthen market communication, and stabilise policy expectations.
Trading & Investment
ASX November Outage Caused By Hasty Trading System Launch
By Sanday Chongo Kabange | 23/08/2021
An independent review commissioned by ASIC and RBA found that ASX’s upgraded equity trading system was not ready to go-live.
Structural Regulation
BSP to Close Application Window for Digital Banks
By Editors | 23/08/2021
The application window will be closed for three years. Applications received by 31 August will be processed on a first-come, first-served basis.
Structural Regulation
China: New State Pension to Boost Retirement Savings
By Editors | 23/08/2021
The establishment of the new state pension company is waiting for regulatory approval from the CBIRC.
Payments & Settlements
BSP Designates RTGS System as Systemically Important
By Ranamita Chakraborty | 23/08/2021
The BSP was granted authority to designate systemically important payment systems under the National Payment Systems Act, which was signed into law in 2018.
Market Data & Technology
US SEC Allows API Access to Financial Disclosure Data
By Editors | 22/08/2021
The APIs aggregate financial statement data and make corporate disclosures quicker and easier for developers and third-party services to use
Structural Regulation
OJK Indonesia Introduces Digital Banking Framework
By Editors | 22/08/2021
Digital banks should have a minimum paid-up capital of IDR 10 trillion (USD 694 million). However, the capital deposit required at the time of application is IDR 3 trillion.
Structural Regulation
Taiwan FSC Eases Rules for Overseas Branches of Securities Firms
By Editors | 22/08/2021
Securities firms will be allowed to offer foreign currency custody services at overseas branches with a net value of TWD 4 billion, compared to TWD 10 billion previously.
Payments & Settlements
BSP Relaxes Rules on FX Trade Approval for Banks
By Editors | 22/08/2021
Banks can sell FX without prior BSP approval if they will be used for activities such as online e-commerce payments, certain imports of goods, and fee payments.
Structural Regulation
Philippine SEC Issues Final Guidelines for ASEAN CIS Framework
By Editors | 22/08/2021
In May, the Philippines became the fourth signatory to the ASEAN CIS Framework for cross-border funds after Malaysia, Singapore and Thailand.
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