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Data Privacy
FSC Korea Expands Open Banking Access, Grants ‘MyData’ Licences
By Editors | 22/12/2020
“With more types of financial institutions joining the open banking system, it will help promote competition and improve consumer convenience,” the FSC said.
Structural Regulation
Malaysia: BNM Tasks Committee With Benchmark Reform Objectives
By Editors | 22/12/2020
The Financial Markets Committee will be tasked with overseeing the development of an alternative reference rate for Malaysia and deciding on whether to retain KLIBOR.
Structural Regulation
Hang Seng Index Operator Seeks ‘More Balanced Representation’
By Editors | 22/12/2020
Hang Seng Indexes Company proposes to increase the number of constituent stocks in the HSI, lower the weight cap, and remove the minimum listing history requirement.
Structural Regulation
CSRC Grants Deutsche Bank Fund Custody Licence in China
By Editors | 22/12/2020
Deutsche Bank has become the second foreign bank to be granted a domestic fund custody licence in China, just months after rules were finalised for granting such approvals.
Cryptocurrency
UPDATED: US SEC Files Lawsuit Against Ripple, Top Execs
By Editors | 22/12/2020
The lawsuit will allege that Ripple, its CEO and its Co-founder sold unlicensed securities that should be registered with the SEC.
Payments & Settlements
Fusion Bank Launches Virtual Banking Services in Hong Kong
By Editors | 22/12/2020
The Tencent-backed virtual bank allows customers to bind their bank accounts to WeChat Pay HK for use in making payments in Hong Kong, China and Macau.
Trading & Investment
China to Accelerate Development of Domestic Derivatives Market
By Sanday Chongo Kabange | 22/12/2020
China’s financial futures and options market “far lags” market participants’ growing needs to manage their risks, said CSRC vice chairman Fang Xinghai.
Trade Based Money Laundering
Regulation Asia: Top Ten News Stories for 2020
By Editors | 22/12/2020
This list presents the most-read new stories published by Regulation Asia in 2020, based on aggregated user traffic analytics.
KYC & CDD
Regulation Asia: Top Ten Contributed Articles for 2020
By Editors | 22/12/2020
This list presents the most-read contributed articles published by Regulation Asia in 2020, based on aggregated user traffic analytics.
Market Abuse
FSC Korea Unveils Additional Measures to Curb Illegal Short Selling
By Editors | 21/12/2020
The FSC will place new restrictions on market makers, revamp the rebate system, and set up a new monitoring system to detect illegal short selling activity.
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