Markets & Infrastructure

Trading & Investment

FSC Korea Unveils 2020 Roadmap to Stimulate Capital Markets

By Editors | 05/03/2020

The FSC’s plans include the development of a high yield corporate bond market, an overhaul of securitisation regulations, and looser rules on securities firms providing capital to SMEs, among others.

Structural Regulation

HK Entities of Chinese Groups Get Relief from CbC Filing Obligation

By Editors | 05/03/2020

Mainland China and Hong Kong have entered into an arrangement for the automatic exchange of country-by-country reports, a welcoming development according to KPMG.

Trading & Investment

Thailand Set for Launch of New ‘Super Savings Fund’ Scheme

By Editors | 05/03/2020

The new mutual fund scheme was initiated by the Finance Ministry, offering tax incentives to encourage investors to save and invest.

Conduct, Culture & Accountability

Australia: FAR Extension Out of Step with Royal Commission Proposals

By Editors | 05/03/2020

The proposed extension of the Financial Accountability Regime to ASIC-regulated firms could potentially affect 53,000 small businesses, says former ASIC official Pamela Hanrahan.

Operational Risk

HK Bourse Asks IPO Applicants to Detail Covid-19 Impacts, Contingency Plans

By Editors | 05/03/2020

The Hong Kong stock exchange has reportedly asked IPO applicants for information on supply chain disruptions, business contingency plans, and cash burn rates, among others.

Cryptocurrency

Supreme Court Overturns RBI Circular Barring Banks from Crypto Dealings

By Editors | 04/03/2020

The ruling is hailed as a big win for the crypto sector. But, the government  has yet to act on an interministerial committee’s recommendations to ban all private cryptocurrencies.

Conduct, Culture & Accountability

Korea: Woori, Hana Barred from Selling PE Funds for Six Months

By Editors | 04/03/2020

Woori Bank and Hana Bank are additionally being fined 19.71bn and 16.78bn won, respectively, for mis-selling of derivatives-linked funds.

Conduct, Culture & Accountability

FSC Korea Plans New Legislation to Protect Delinquent Debtors

By Editors | 04/03/2020

The bill is aimed at helping delinquent debtors get back on their feet by limiting debt collection activities and requiring lenders to offer restructuring opportunities.

Payments & Settlements

SWIFT Reports Near Doubling of Year-on-year gpi Traffic

By Editors | 03/03/2020

Nearly two-thirds of all payments traffic on SWIFT is now sent via gpi, with the majority of transactions credited to end beneficiaries within 30 minutes or less.