ADVERTISEMENT
Markets & Infrastructure
Conduct, Culture & Accountability
Major Japan Insurers Directed to Divest ‘Strategic Shareholdings’
By Editors | 14/02/2024
The FSA suspects that the competitive environment may have been distorted by the practice of insurers’ holding shares in client companies.
CBDCs
Philippines Plans to Launch Wholesale CBDC Within Two years
By Nithya Subramanian | 13/02/2024
BSP Governor Eli Remolona said the CBDC will operate on the central bank’s payment and settlement system and not use blockchain or DLT.
PEPs & Sanctions
EU Adopts New Rules for CSDs on Handling of Frozen Russian Assets
By Editors | 13/02/2024
The decision paves the way for the possible use of revenue generated from frozen Russian assets to aid in Ukraine’s reconstruction.
Trading & Investment
RBI Allows Banks at GIFT City to Trade on Bullion Exchange
By Ajoy K Das | 13/02/2024
Branches of domestic banks in GIFT City can be trading members of IIBX but not for proprietary trades.
PEPs & Sanctions
US VC Firms Accused of Supporting China’s Tech Ambitions
By Editors | 13/02/2024
A report released by a US congressional committee accuses Sequoia Capital China, Qualcomm Ventures and three other VC firms of supporting China’s military.
Payments & Settlements
India Launches UPI Services in Sri Lanka and Mauritius
By Ajoy K Das | 13/02/2024
Mauritius is the first country outside Asia where banks will be able to issue RuPay cards, and the first African country to connect to the UPI.
Structural Regulation
Korea to Enhance Rules on Corporate M&As to Protect Investors
By Mark Johnston | 13/02/2024
The FSC proposes to strengthen disclosure requirements for M&As and make third-party reviews mandatory.
Conduct, Culture & Accountability
RBI Increases Cap on Remuneration of Bank Executives
By Ajoy K Das | 13/02/2024
The higher cap applies to all private sector banks, including small finance banks, payment banks, and wholly-owned subsidiaries of foreign banks.
Conduct, Culture & Accountability
US SEC Fines 16 More Firms in WhatsApp Probe
By Editors | 11/02/2024
The broker-dealer and investment adviser firms, including Oppenheimer and US Bancorp, agreed to pay a combined $81mn.
CBDCs
RBI to Enable CBDC Programmability, Offline Functionality
By Ajoy K Das | 10/02/2024
RBI statement also said it will introduce a new principle-based framework for the authentication of digital payment transactions.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.