ADVERTISEMENT
Structural Regulation
BNM Sets Deadline for Foreign Insurers to Reduce Stakes in Local Firms
By Editors | 21/07/2022
Most foreign insurers in Malaysia have not complied with a 70 percent limit set in 2009 on their ownership in local firms.
Payments & Settlements
Five ASEAN Central Banks to Link Payment Systems
By Editors | 21/07/2022
The central banks of Indonesia, Malaysia, the Philippines, Singapore and Thailand will formally sign an agreement on payment connectivity in November.
Cloud & Infrastructure
Philippines: Diokno Directs SEC to Further Digitalise Markets
By Editors | 21/07/2022
Finance Secretary Benjamin Diokno directed the SEC to use digital technologies to improve monitoring, build investor trust, protect the investing public, and better serve the economy.
Conduct, Culture & Accountability
NZ FMA Consults on New Licence Conditions Under CoFi
By Editors | 21/07/2022
Banks, insurers and non-bank deposit takers will need a ‘financial institution licence’ issued by the FMA starting in early 2025.
Supervision & Enforcement
SFC Fines RBC Investment Services for Mishandling Client Assets
By Editors | 21/07/2022
The SFC said RBC Investment Services failed to segregate client money and transferred securities from client accounts without valid standing authority.
Structural Regulation
FSC Korea Launches New Committee to Lead Reform Efforts
By Sanday Chongo Kabange | 21/07/2022
The committee is expected to ease rules for banks on investments in non-financial businesses, improve ESG disclosure rules, overhaul capital markets infrastructures.
Conduct, Culture & Accountability
ASIC Imposes Eight Year Bans Over Pressure Selling of CFDs
By Editors | 21/07/2022
Two executives have been banned for eight years after their firm engaged in “unconscionable conduct” including the use of pressure selling tactics.
Payments & Settlements
Singapore Finalises Key Settings of MAS Recommended Rate
By Editors | 20/07/2022
The MAS Recommended Rate is the fallback rate that will apply to outstanding SOR-based business loans and derivatives when Fallback Rate (SOR) is discontinued after end-2024.
Conduct, Culture & Accountability
OJK Indonesia Strengthens Regulations on Market Conduct
By Editors | 20/07/2022
The regulation focuses on ensuring consumers are provided information about financial products and services in a clear, accurate, correct, and easily accessible manner.
Trading & Investment
Taiwan FSC Relaxes Rules for Investors on Collateral Use
By Editors | 20/07/2022
Investors can use assets such as gold and mutual fund units as collateral to meet margin calls rather than be forced out of positions.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.