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Payments & Settlements
RBI Revises Rules for Bharat Bill Payment System
By Ajoy K Das | 04/03/2024
The Bharat Bill Pay Central Unit will play a bigger role in protecting consumers through rule- and standard-setting and by guaranteeing settlement of BBPS transactions.

Trading & Investment
Bonnie Chan Takes Over as Chief Executive of HKEX
By Manesh Samtani | 04/03/2024
The CEO-handover took effect just after HKEX reported an 18% jump in its 2023 profits, but a 13% drop in fourth-quarter profits.

Trading & Investment
Hong Kong Launches New Immigration Scheme for Investors
By Manesh Samtani | 04/03/2024
The New Capital Investment Entrant Scheme opened for applicants on Friday, several months earlier than expected.

Market Abuse
FSC Korea to Amend Rules for Disclosing Insider Transactions
By Sanday Chongo Kabange | 03/03/2024
The FSC proposes to exempt certain financial institutions from the ex-ante disclosure requirements for insider transactions.

Payments & Settlements
China to Improve Payment Convenience for Foreign Visitors
By Editors | 03/03/2024
Alipay and WeChat Pay are directed to raise their transaction limits for foreigners and improve their ability to link to foreign bank cards.

Conduct, Culture & Accountability
Japan: Major Insurers Commit to Divesting Cross-Held Shares
By Editors | 03/03/2024
The insurers also imposed disciplinary measures against 132 executives and employees, including pay cuts, over a price-fixing scandal.

Structural Regulation
Taiwan FSC to Enhance Regulatory System for ETFs
By Editors | 03/03/2024
The FSC will draw from the set of good practices published by IOSCO in May 2023 to improve its regulatory system for ETFs.

Conduct, Culture & Accountability
FSS Punishment of Hana CEO “Excessive”, Seoul Court Rules
By Editors | 03/03/2024
The Court directed the FSS to adjust the punishment, but ruled that Hana Bank’s six-month suspension for mis-selling risky funds was justified.

PEPs & Sanctions
G7 Ban on Indirect Imports of Russian Diamonds Takes Effect
By Editors | 03/03/2024
The World Federation of Diamond Bourses says the ban on Russia-produced diamonds will also harm non-Russian manufacturers and traders.

Conduct, Culture & Accountability
BNM Consults on Enhanced Product Disclosure Requirements
By Sanday Chongo Kabange | 02/03/2024
BNM is consulting on enhanced product disclosure requirements to minimise mis-selling of financial products.
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