ADVERTISEMENT
Payments & Settlements
BIS, MAS Set Out Blueprint for Cross-border Payments
By Ranamita Chakraborty | 29/07/2021
BIS Innovation Hub Singapore Centre and MAS have published a blueprint that could make real-time cross-border payments a reality in the next two to four years.
Payments & Settlements
RBI Opens RTGS, NEFT to Non-bank Payment System Providers
By Editors | 29/07/2021
Prepaid payment instruments, white label ATM operators and card networks can now connect to the RTGS and NEFT systems.
Structural Regulation
ASIC Faces Pushback for Higher Financial Advice Levies
By Ranamita Chakraborty | 29/07/2021
The FPA says the formula ASIC uses to estimate the industry funding levy for financial planners is not equitable or sustainable and must be reviewed immediately.
Structural Regulation
Hainan Opens Market Access with Shorter Negative List
By Sanday Chongo Kabange | 28/07/2021
Foreign businesses and individuals are required comply with just 70 special management measures in 11 industries.
Trading & Investment
Dealers Shift Default Rate for USD Linear Swaps to SOFR
By Manesh Samtani | 28/07/2021
Market observers reported a sharp increase in SOFR swaps transacted, a trend said to be “clear and pronounced”.
Structural Regulation
CSRC Approves China Telecom Shanghai IPO Following US Ban
By Sanday Chongo Kabange | 28/07/2021
China’s flow of IPOs to the US is expected to ease, with companies instead choosing to list in Shanghai, Shenzhen, or Hong Kong.
Conduct, Culture & Accountability
NZ FMA Censures FoxPlan Over Unpermitted Financial Advice
By Sanday Chongo Kabange | 28/07/2021
FoxPlan representatives misrepresented to clients that they were an authorised financial advisers or financial planners when they were not.
Cloud & Infrastructure
Beijing Financial Court Launches Fintech Legal Research Centre
By Sanday Chongo Kabange | 28/07/2021
The Beijing Fintech Legal Research Centre will research fintech compliance standards, explore regulatory models, and drive fintech legal advances.
Structural Regulation
UK FCA Finalises Rule Changes for SPAC Listings
By Manesh Samtani | 28/07/2021
The FCA will remove the presumption of suspension at the point when an acquisition target is identified, for SPACs that meet certain criteria.
Conduct, Culture & Accountability
ASIC Appeals Dismissal of Cigno, BHF Solutions Case
By Sanday Chongo Kabange | 28/07/2021
ASIC’s appeal seeks judicial clarification on the operation of key obligations under the National Credit Act and National Credit Code.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.