Markets & Infrastructure

Structural Regulation

BOK Forms Work Group to Promote Greater Use of KOFR

By Manesh Samtani | 03/04/2024

Policymakers and industry participants are concerned that the widely-used CD rate may not be recognised internationally in the future.

CBDCs

HKMA to Explore Common Industry Standards for Digital Money

By Manesh Samtani | 02/04/2024

Phase 2 of HKMA’s e-HKD testing initiative will explore the development of standards on interoperability and smart contract design.

Credit Risk

Shanghai, Shenzhen Refine Rules for Asset-backed Securities

By Editors | 02/04/2024

The rules enhance the information disclosure and credit risk management requirements, and improve protections for investors.

Structural Regulation

Five BNPL Providers to Become Accredited in Singapore

By Nithya Subramanian | 02/04/2024

The five providers are being awarded a Trustmark that will signify their accreditation and compliance with the BNPL Code of Conduct.

Structural Regulation

FSS Korea Launches New Registration System for Investment Firms

By Mark Johnston | 02/04/2024

The new system will streamline the registration process for prospective financial investment businesses and eliminate the need for physical documents.

Cybersecurity

Vietnam Brokerage Resumes Trading Following Week Long Outage

By Editors | 02/04/2024

Vietnam’s third-largest securities broker was disconnected from the market for six days due to a cyber attack by international hackers.

Structural Regulation

RFMCs Have Until 30 June to Apply for New LFMC Licences: MAS

By Nithya Subramanian | 02/04/2024

RFMCs have a three-month window to apply to transition to the LFMC regime, following which the RFMC regime will be repealed on 1 August.

Structural Regulation

India: Panel Proposes Measures to Make GIFT City a Global Finance Hub

By Ajoy K Das | 01/04/2024

Government-appointed experts’ committee says clearer criteria should be provided to those wishing to set up a financial services company in GIFT City.

Fraud, Scams & Cybercrime

Korea FSS to Seek Out and Expel ‘Zombie Companies’ from Market

By Editors | 01/04/2024

The FSS says companies that use false capital injections and accounting fraud to avoid delisting are impeding the financing of productive companies.