Markets & Infrastructure

Structural Regulation

BOT Solicits Comments on Draft ‘Thailand FX Code’

By Editors | 27/10/2019

The BOT invites wholesale FX market participants to comment on a draft ‘Thailand FX Code’ by 25 November.

Market Data & Technology

TSE to Explore New Uses for Margin Trading, Short Selling Data

By Editors | 26/10/2019

Data relating to margin transactions and short selling will be made available to testing participants to identify possible new applications of the data.

Conduct, Culture & Accountability

Regulatory Data: Arrows for the Quiver?

By Hannah Cassidy | 25/10/2019

Banks need to be cognisant of how the data they provide to regulators is being used, says Herbert Smith Freehills in its 2019 Global Bank Review.

Payments & Settlements

Cambodia Announces Soft Launch of New Payment System

By Editors | 24/10/2019

Launched in partnership with 7 financial institutions, the new system will enable real-time interbank transfers, mobile payments, and QR code payments.

Trading & Investment

Myanmar to Open Stock Market to Foreign Nationals in Phases

By Editors | 24/10/2019

The SECM has decided to open the stock market only to foreign nationals living in Myanmar for the time being, but a new board planned for Q3 2020 will reportedly allow foreigners to trade freely.

Conduct, Culture & Accountability

ACCC Mortgage Pricing Inquiry to Extend Beyond Mortgage Pricing

By Editors | 24/10/2019

ACCC chairman Rod Sims reportedly told a parliamentary hearing that bundling products such as credit cards and insurance would form part of the agency’s inquiry.

Trading & Investment

Australia: Smaller Institutions, Buy Side Less Prepared for Libor Cessation

By Manesh Samtani | 24/10/2019

Existing Libor-referencing contracts that don’t have robust fallback provisions in place will be tied up in very lengthy disputes, warned the RBA’s Christopher Kent at ISDA’s Australia Conference.

Payments & Settlements

Philippines to Adopt QR Codes for Payments Nationally

By Editors | 24/10/2019

Once the national QR code standard is established, bank and non-bank payment providers will have 30 days for adoption. Those already offering QR-enabled payments will have until mid-2020.

Structural Regulation

CBIRC Tightens Oversight on Structured Deposits Sold by Banks

By Editors | 24/10/2019

Banks can only offer structured deposit products if they have derivatives trading licences, and they must ensure the sales process is done in a “legally compliant manner”.