Markets & Infrastructure

Conduct, Culture & Accountability

Taiwan FSC Fines CTBC Units for Governance Failures

By Editors | 14/08/2023

CTBC Financial was regularly inviting a major shareholder to attend group meetings and executive dinners, though he was not an authorised person.

Structural Regulation

Inside ASIC’s Derivatives Reporting Rule Rewrite

By Manesh Samtani | 14/08/2023

ASIC’s Alex Orgaz-Barnier and DTCC’s Priya Kundamal spoke to Regulation Asia about the changes to the derivative transaction reporting regime in Australia.

Conduct, Culture & Accountability

Korea: Bank CEOs to Face Possible Liability for Internal Control Lapses

By Editors | 14/08/2023

The FSC is working directly with lawmakers to fast-track a bill that would allow it to punish bank CEOs for embezzlement and other crimes that occur under their watch.

Structural Regulation

DBS Completes Acquisition of Citi Consumer Businesses in Taiwan

By Editors | 14/08/2023

DBS chief Piyush Gupta said the integration accelerates the bank’s consumer business growth in Taiwan by at least ten years.

KYC & CDD

SEBI Streamlines KYC Process for Securities Market Onboarding

By Editors | 14/08/2023

SEBI directs KRAs to verify client information so that they gain portability, and clients to skip repetitive KYC steps with different intermediaries.

Trading & Investment

BSP Issues New Rules for UITFs on the Use of Benchmarks

By Editors | 14/08/2023

The BSP specifies a one-year transition period to allow unit investment trust funds to review their benchmarks and make changes where needed.

Trading & Investment

SFC, CSRC Agree to Allow Block Trading on Stock Connect

By Editors | 14/08/2023

Block trading will enhance price discovery and encourage more overseas investors to participate in the A-share market through Stock Connect, said the SFC’s Julia Leung.

Payments & Settlements

RBI Announces Planned Upgrades to UPI System

By Editors | 13/08/2023

One new feature will enable users to initiate UPI transactions by conversing with an AI-powered system. Japan is exploring a potential UPI linkage.

Structural Regulation

SEBI Proposes Reviewing Borrowing Framework for Large Corporates

By Ranamita Chakraborty | 11/08/2023

The Indian capital markets regulator has suggested increasing the minimum threshold for large corporates to at least INR 5 billion for outstanding long-term borrowings.