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Cloud & Infrastructure
India Launches Digital Banking Units to Advance Financial Inclusion
By Editors | 19/10/2022
The units were established by 24 banks to house digital infrastructure for the delivery of digital banking products and services in self-service and assisted mode.
Supervision & Enforcement
Malaysia SC Signs Regional MMoU on Supervisory Cooperation
By Editors | 19/10/2022
Malaysia’s SC now has a cooperative arrangement on supervisory matters with regional counterparts in Australia, Hong Kong, Japan, Singapore and Thailand.
Trading & Investment
South Korea Scraps Foreigner Tax on Government Bond Income
By Editors | 19/10/2022
The government was planning to waive the tax for non-residents and foreign corporations in January but decided to bring the measure forward.
Structural Regulation
CBIRC Approves BNP-AgBank Wealth Management JV
By Editors | 19/10/2022
BNP’s asset management arm will own 51 percent stake in the venture while Agricultural Bank of China’s wealth management unit owns the rest.
Structural Regulation
CSRC Mulls Measures to Increase Stock Trading by Foreign Firms
By Editors | 18/10/2022
The CSRC is considering relaxing a rule that currently prevents foreign institutions from engaging in short-term trading activity in onshore markets.
Trading & Investment
Malaysia is Liberalising Funds Industry, Says SC Chairman
By Editors | 18/10/2022
The SC is allowing retail funds to have exposure to digital assets and other alternative assets. Similar plans are intended for wholesale funds.
Anti-Bribery & Corruption
HK Regulator Urges Insurers to Cooperate with ICAC Investigations
By Editors | 18/10/2022
The Insurance Authority asks insurance CEOs to promptly respond to requests to produce evidence for corruption investigations.
Structural Regulation
CSRC Proposes to Relax Restrictions on Share Buybacks
By Editors | 18/10/2022
The rule changes relax some restrictions on share buybacks, enabling listed companies to better support their stock prices.
Structural Regulation
SEBI Sets Out Governance Requirements for Social Stock Exchanges
By Editors | 18/10/2022
A seven-member governing council must be constituted before SEBI will grant final approval for the launch of a social stock exchange.
Trading & Investment
RBI Directs Bank to Reduce Activity in Offshore Rupee Market
By Editors | 18/10/2022
The RBI started allowing local banks to participate in the NDF market in 2020, but their activity is adding further downward pressure on the rupee.
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