ADVERTISEMENT
Conduct, Culture & Accountability
NAB to Stop Dealing with Unlicensed Debt Management Companies
By Sanday Chongo Kabange | 02/08/2020
NAB says it wants to ensure vulnerable customers are appropriately and professionally supported, either directly by the bank or an accredited representative of their choice.
Conduct, Culture & Accountability
BSP Pilot Tests New Chatbot for Consumer Complaints
By Editors | 31/07/2020
The chatbot can handle queries and complaints from consumers sent through chat via the BSP website, SMS, or Facebook messenger.
Payments & Settlements
Italian Banks Adopt Blockchain to Reconcile Interbank Transactions
By Editors | 31/07/2020
55 banks are using a blockchain platform to share interbank transfer data and reconcile transactions, an initiative made possible by a rule change last May.
Trading & Investment
Bursa Malaysia to Introduce New Derivatives Products
By Editors | 31/07/2020
The derivatives products to be launched this year include new single stock futures, a revamped index futures contract, and ETFs linked to sectoral indices.
Credit Risk
China: NAFMII Proposes Rules for Trading Credit Default Swaps
By Editors | 31/07/2020
Credit default swaps and credit-linked notes will provide investors additional tools to hedge against bond defaults and other credit events.
Fraud, Scams & Cybercrime
S. Korean Regulators Apologise for Private Fund Losses
By Editors | 30/07/2020
The FSC has meanwhile released new administrative guidance on private funds, aimed at strengthening supervision of the sector.
Structural Regulation
Trade Bodies Jointly Commit to Tackling Market Inefficiencies
By Manesh Samtani | 30/07/2020
The inefficiencies result from a prevalence of customised, paper-based legal documentation, a lack of data standards, and inconsistent reporting requirements.
Conduct, Culture & Accountability
ASIC Tightens Timeframe for Complaints Handling in Financial Sector
By Editors | 30/07/2020
Superannuation trustees have 45 days to respond to a complaint, compared to 90 days previously. Other financial services and credit providers have 30 days.
Structural Regulation
Reserve Bank of New Zealand Bill Introduced in Parliament
By Editors | 30/07/2020
The Bill focuses on reforming RBNZ’s overall institutional, governance, accountability, and funding arrangements, effectively updating 30-year-old legislation.
Payments & Settlements
WeLab Bank Announces Public Launch of Virtual Banking Services
By Editors | 30/07/2020
WeLab Bank was the only stand-alone company to win a virtual bank licence from the HKMA. It commenced pilot services in April.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.