ADVERTISEMENT
Structural Regulation
Malaysia Joins Digital Banking Revolution with Exposure Draft
By Natalie Curtis | 14/01/2020
Herbert Smith Freehills breaks down Malaysia’s new framework for digital banks, comparing the regime to those in Singapore and Hong Kong.
Tokenisation
QME to Leverage Blockchain to Standardise Warehouse Receipts
By Editors | 13/01/2020
HKEX’s Qianhai Mercantile Exchange will use blockchain tech from Ant Financial to provide verifiable warehouse receipts which will help commodities businesses to obtain financing.
Clearing & Post-Trade
Indian Stock Exchanges Introduce Cross Margining Facilities
By Editors | 13/01/2020
NSE launched the cross-margining facility from Friday (10 January), whereas BSE India will introduce it from Wednesday (15 January).
Supervision & Enforcement
Taiwan FSC Penalises Taichung Commercial Bank for Lax Controls
By Editors | 13/01/2020
The bank and its insurance unit were fined for lax controls on entertainment spending and for awarding bonuses to sales staff who hadn’t sold any products, among other failures.
Structural Regulation
SEBI Issues New Requirements for Gift City Investment Advisers
By Editors | 13/01/2020
Firms providing investment advisory services in Gift City are required to have a net worth of at least $1.5mn.
Payments & Settlements
Amex Closer to Entering China Bank Card Market – Report
By Editors | 13/01/2020
The latest approval comes over two years after Amex was approved to start preparing a joint venture business with local partner LianLian.
Structural Regulation
HKEX Asks Participants to Prepare Systems for Investor Compensation Levy
By Editors | 13/01/2020
While the collection of the investor compensation levy is currently suspended, exchange participants should take necessary actions to prepare for its calculation and payment.
Supervision & Enforcement
CSRC Issues Warning Letter to GF Securities for Poor Compliance
By Editors | 13/01/2020
An investigation into the firm found fewer-than-required experienced compliance officers, and a lack of independence of its compliance function from other departments.
Structural Regulation
SGX Enhances Listing Due Diligence Standards for Issue Managers
By Editors | 13/01/2020
The ABS listings due diligence guidelines and independence requirements have been incorporated into SGX’s mainboard listing rules.
Resolution & Recovery
Sri Lanka to Enact New Banking Act in 2021
By Editors | 10/01/2020
The new Banking Act will streamline the licensing process, branch approvals, and adopt a proportionality framework for banking regulations, among other changes.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.