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Capital Adequacy
India Finalises ‘On-Tap’ Licensing Regime for Small Finance Banks
By Editors | 06/12/2019
India’s central bank has issued its final guidelines for ‘on-tap’ licensing of small finance banks, doubling the minimum capital requirement to 2 billion rupees.
Payments & Settlements
Japan, Indonesia Agree to Local Currency Settlement for Trade, Investment
By Editors | 06/12/2019
Japan and Indonesia have agreed on a local currency settlement deal that will allow the use of the yen and rupiah to settle bilateral trade and direct investment transactions.
Market Data & Technology
APRA Proposes Overhaul of Bank Data Transparency Norms
By Garima Chitkara | 06/12/2019
APRA, in a letter to the industry, has proposed plans for classifying all data collected from banks for its quarterly publications to be considered non-confidential and publishable.
Structural Regulation
Philippine Bourse Proposes Tightening of Delisting Rules
By Editors | 06/12/2019
Under the proposed rules, a voluntary delisting must be approved by all independent directors and by stockholders owning at least 75 percent of the total outstanding listed shares.
Alternative Markets
Bangladesh Regulator Approves Rules for ‘Alternative Trading Board’
By Editors | 06/12/2019
The Bangladesh Securities and Exchange Commission has approved a set of rules to enable the trading of non-listed companies on a new ATB board.
Conduct, Culture & Accountability
Nomura Releases New Code of Conduct for Employees
By Editors | 05/12/2019
Nomura Holdings has released a 19-point code of conduct for its employees following information leaks that subjected the firm to regulatory action.
Conduct, Culture & Accountability
ASIC Bans Cold Call Selling of Life Insurance, CCI Products
By Editors | 05/12/2019
The ban on unsolicited cold-call sales of direct life and consumer credit insurance follows a A$700,000 penalty against CBA’s CommInsure for hawking offences.
Trading & Investment
China Extends Income Tax Exemptions for Stock Connect Participants
By Editors | 05/12/2019
Mainland investors’ profits made through Stock Connect and the MRF scheme will be exempt from income tax until 31 December 2022.
Structural Regulation
Hong Kong SFC Waives Licensing Fees Amid ‘Challenging’ Environment
By Editors | 05/12/2019
The decision was made to relieve the regulatory cost burden on the securities and futures industry, taking into account the “current challenging market environment”.
Structural Regulation
Singapore Brokerages to Enter Race for Digital Bank Licences
By Garima Chitkara | 04/12/2019
Domestic brokerages Phillip Securities and iFAST prepare to draw up applications digital banking licence to fend off competition from foreign entrants and domestic banks expanding into brokerage business.
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