ADVERTISEMENT
Payments & Settlements
Bangladesh Bank to Enable FX Clearing via RTGS System
By Editors | 01/09/2022
Banks can clear USD, GBP, EUR, CAD and JPY through the RTGS system starting from 4 September. CNY clearing will be allowed “soon”.
Structural Regulation
PCAOB Picks Chinese Firms for First Audits Checks – Report
By Editors | 31/08/2022
Alibaba, Netease, Baidu, JD.com and Yum China are among the first Chinese firms selected for the PCAOB’s audit checks in Hong Kong
Trading & Investment
Japan FSA Seeks to Make NISA Programme Permanent
By Editors | 31/08/2022
NISA is a programme for small investments that offers time-based exemptions from capital gains and dividend tax.
Structural Regulation
China Merchants Securities Probe Prompts 23 IPO Halts
By Editors | 31/08/2022
China Merchants Securities is under investigation for violations in 2014, prompting suspensions of 23 IPOs it is sponsoring.
Structural Regulation
IBA Consults on Cessation of USD LIBOR ICE Swap Rate
By Editors | 31/08/2022
USD SOFR ICE Swap Rate settings are available for the same tenors for use as a benchmark in financial contracts and instruments.
Cryptocurrency
CME Group Launches Bitcoin, Ether Futures in Euro
By Editors | 31/08/2022
CME says the new contracts will provide institutional investors precise tools to trade and hedge their crypto exposures.
Conduct, Culture & Accountability
Bangladesh NBFIs to Require Approval for All Director Appointments
By Editors | 31/08/2022
The move is aimed at strengthening corporate governance, following a string of frauds and loan scandals in the NBFI sector.
Credit Risk
Korea Unveils Measures to Address Revolving Credit Concerns
By Editors | 31/08/2022
Credit card revolving services charge high interest rates, lead to poor credit scores for consumers, and raise the risk of delinquency.
Payments & Settlements
Singapore Industry Group Launches New Funds Settlement Utility
By Editors | 31/08/2022
The utility will reduce manual steps, centralise processing, and facilitate reconciliation, thereby reducing settlement time and improving efficiency.
Structural Regulation
Grab-Singtel Digital Bank Set to Launch First Financial Product
By Editors | 31/08/2022
GXS Bank will launch a savings account product on 5 September, and expand into wealth and credit products over the coming months.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.