Markets & Infrastructure

Cloud & Infrastructure

Philippines to Relaunch OF Bank to Create Digital-only Bank

By Editors | 14/08/2019

The Overseas Filipino Bank was launched in January to cater to overseas Filipino workers, who will more easily be able to access digital-only services.

Alternative Markets

Myanmar to Set Up Alternative Market for Unlisted Companies

By Editors | 14/08/2019

The so-called ‘Myanmar Public Companies Board’ will serve as a stepping stone for domestic companies to list on the YSX, which still lists only 5 companies.

Conduct, Culture & Accountability

FSS Korea to Probe Major Banks for Mis-sold Financial Products

By Editors | 14/08/2019

Woori, KEB Hana and Shinhan are subject to the FSS investigation for selling high-risk private equity investment products and derivative-linked securities.

Credit Risk

ASIC Ordered to Pay Westpac Costs in Case Dismissal

By Manesh Samtani | 14/08/2019

In September, Westpac admitted to breaching responsible lending laws and agreed to a A$35mn settlement with ASIC. The settlement was rejected and the case has been dismissed.

Structural Regulation

Korea Eases Criteria for Professional Investor Registration

By Editors | 14/08/2019

The move is expected to increase the pool of professional investors from under 2000 to over 370,000. A new trading venue for unlisted equity securities is also planned.

Tokenisation

Koscom to Develop New Platform for Trading Unlisted Securities

By Editors | 13/08/2019

The project, approved under the FSC’s sandbox programme, will also involve KEB Hana Bank, Hana Financial Investment and Amicus Lex, among others.

Trading & Investment

TOCOM Electricity Futures Approved for 17 September Launch

By Editors | 13/08/2019

The Tokyo Commodity Exchange has been granted approval to list electricity futures, after applying for a trial listing in March.

Trading & Investment

Thailand, Cambodia to Cooperate on Cross-Border Listings

By Editors | 13/08/2019

Thailand and Cambodia’s securities regulators have agreed on a plan to enable cross-border equity offerings and depositary receipts in a bid to boost the development of the CSX.

AI Risk & Governance

FSC Korea Set to Authorise First Robo Fund Manager, Shinhan AI

By Editors | 12/08/2019

The FSC has granted approval to Shinhan AI to operate as an investment consulting service, and is expected to soon grant it an asset management licence.