Markets & Infrastructure

Structural Regulation

ASIC Seeks Greater Powers to Collect Data from Managed Funds

By Shruti Khairnar | 21/11/2020

ASIC’s Karen Chester says insolvencies and macro forces could present greater liquidity challenges to fund managers and affect investors’ ability to withdraw from funds.

Payments & Settlements

BOK, FSC Clash Over Supervisory Authority in Fintech, Payments

By Sanday Chongo Kabange | 21/11/2020

The FSC has proposed legislative amendments that would give it power over payment settlements in the fintech industry. The BOK says this will create redundant regulations.

Payments & Settlements

Vietnam Working to Allow Cooperation With Foreign Firms in Payments

By Sanday Chongo Kabange | 21/11/2020

Currently, Vietnam has no regulations for international payments to be made via foreign intermediary payment operators or e-wallets.

Payments & Settlements

BSP Seeks Interoperability, Unified Standard in Payments

By Sanday Chongo Kabange | 21/11/2020

BSP governor Benjamin Diokno envisions that payment facilities operated by individual banks and payment firms will operate under a single standard.

Structural Regulation

NAFMII Issues New Rules for Interbank Bond Market

By Editors | 20/11/2020

The rules prohibit issuers from directly subscribing to their own bonds in the interbank market or buying them indirectly through affiliates or asset management products.

Structural Regulation

FSC Korea Threatens to Withdraw Incentives for Internet-only Banks

By Sanday Chongo Kabange | 20/11/2020

The FSC has criticised Kakao Bank for disregarding customers with average credit scores, and instead favouring borrowers with high credit scores.

Trading & Investment

FSC Korea to Enable Greater Retail Participation in IPOs

By Editors | 20/11/2020

From next month, the retail allocation of IPOs shares will increase from 20% to 30%, and a fairer approach to allocations will be adopted.

Trading & Investment

Sri Lanka Budget Offers Boost to Capital Markets, Banking Sector

By Duruthu E Chandrasekera | 19/11/2020

The government has proposed tax incentives for newly-listed companies and investment in REITs, in addition to proposals to strengthen the banking sector.

Trading & Investment

APLMA Seeks Consensus on SOFR-based Loan Facilities in APAC

By Manesh Samtani | 19/11/2020

New discussion drafts cover the use of SOFR for USD loan facilities in APAC, one using the compounded average approach and the other based on Daily Simple SOFR.