Markets & Infrastructure

Cybersecurity

Open Banking Reveals Security Risks at Korean Fintech SMEs

By Editors | 30/12/2019

More than 40 fintech SMEs reportedly could not pass the security checks required for final approval to participate in the open banking initiative.

Conduct, Culture & Accountability

BNM Issues Draft Responsibility Mapping Framework for FIs

By Editors | 30/12/2019

The framework will ensure that responsibilities and accountabilities for key functions at financial institutions are clearly allocated to appropriately senior and competent individuals.

Structural Regulation

CBIRC Issues Revised Regulations for Foreign Banks in China

By Editors | 30/12/2019

The revised regulations implement the removal of foreign ownership limits and asset thresholds for setting up local units, among other relaxations.

Structural Regulation

Grab, SingTel Team Up to Apply for Singapore Digital Bank Licence

By Editors | 30/12/2019

Grab and Singtel will respectively hold a 60% and 40% stake in the new consortium entity, which will seek to serve both retail consumers and SMEs.

Market Data & Technology

Taiwan to Launch Real-time Data Feed for Futures Market

By Editors | 30/12/2019

The launch of TAIFEX’s real-time data feed will coincide with the TWSE’s introduction of a continuous trading mechanism for equities in March.

Conduct, Culture & Accountability

SEBI Introduces Mandatory Stewardship Code for Fund Managers

By Editors | 28/12/2019

The new stewardship code will help institutional investors protect their clients’ wealth, improve corporate governance, and promote the development and regulation of the securities market.

Conduct, Culture & Accountability

FSA Orders Insurance Sales Halt at Japan Post Amid Misconduct Findings

By Editors | 28/12/2019

Two Japan Post Holdings subsidiaries are required to suspend insurance product sales for three months and submit business improvement plans by end-January.

Structural Regulation

Australia to Formalise ASIC-APRA Regulatory Cooperation

By Editors | 28/12/2019

The legislation will oblige ASIC and APRA to cooperate, share information with each other, and notify each other if they have a reasonable belief that there has been a breach of the other’s legislation.

Market Abuse

SEBI Establishes Insider Trading Whistleblower Protection Office

By Editors | 28/12/2019

The ‘Office of Informant Protection’ is charged with receiving and processing information on insider trading disclosed by whistleblowers, and with protecting their identities.