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Structural Regulation
BNM Updates Regulatory Framework for Digital Banks in New Draft
By Editors | 03/03/2020
The new exposure draft incorporates a simplified regulatory framework for digital banks applicable during the initial three to five years of operations.
Clearing & Post-Trade
S. Korea Set to Introduce Trade Repository in October
By Editors | 03/03/2020
Legislative revisions have been approved establishing statutory provisions for a trade repository, and penalties up to 100mn won for failures to report OTC derivatives transaction information.
Structural Regulation
SEBI Lowers Net Worth Requirement for Gift City Investment Advisers
By Editors | 03/03/2020
The net worth requirement has been lowered to $700,000 from $1.5mn previously following feedback on SEBI’s January guidelines for Gift City investment advisers.
Trading & Investment
S. Korea Mulls Hong Kong-Style Short Selling Rules
By Editors | 03/03/2020
The FSC and FSS are considering restricting short-selling of listed companies based on market cap in a bid to level the playing field for retail investors.
Trading & Investment
Indonesia Halts Short Selling, Cuts Reserve Requirements
By Editors | 03/03/2020
Short selling was halted to stop panic selling after the first two cases of Covid-19 were detected in the country. Separately, the central bank has introduced 5 new policy measures.
Structural Regulation
China to Launch Registration-based System for Bond Issuance
By Editors | 02/03/2020
Issuers of enterprise and corporate bonds will have to meet higher disclosure requirements under the new registration-based system, while the role of intermediaries is also strengthened.
Payments & Settlements
Cross-border Payments Front and Center in BIS Quarterly Review
By Editors | 02/03/2020
The BIS is exploring how to solve key shortcomings related to access and cross-border payments, including to address the global decline in correspondent banking.
Trading & Investment
BOJ Begins Publishing Securities Financing Transaction Data
By Editors | 02/03/2020
The data is collected monthly from approximately 50 financial institutions with the largest SFT trading volume, including transactions with overseas counterparties and intra-group transactions.
Market Data & Technology
MAS 610/1003 Pilot Testing Gateway Set for April Launch
By Manesh Samtani | 02/03/2020
A six-month parallel reporting phase for the new MAS 610/1003 returns was meant to start from 1 April, but this was pushed forward by three months earlier in the year.
Payments & Settlements
Thailand Raises Currency Repatriation Threshold Five-Fold to $1m
By Editors | 02/03/2020
The move is aimed at achieving more balanced capital flows and at easing the strength of the Thai baht, which hurt the domestic economy last year.
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