Markets & Infrastructure

Structural Regulation

China’s Overseas Listing Rules Reduce Regulatory Uncertainty

By Daniel Tang | 09/02/2022

The rules will reduce regulatory uncertainty but they may present challenges for some firms and intermediaries while raising the cost of compliance, say Daniel Tang and Joyce He.

Fraud, Scams & Cybercrime

ASIC Facing Resistance from Banks on Anti-Scam Measures – Report

By Editors | 09/02/2022

ASIC reportedly decided against including scam prevention as part of its ePayments Code review as a result of “fierce pushback” from major banks.

Conduct, Culture & Accountability

HKMA Further Extends Initiative to Nurture Banking Sector Talent

By Editors | 09/02/2022

The Banking Talent Programme provides fresh grads with short-term work opportunities and professional training, partly subsidised by the HKMA.

Structural Regulation

BOK Decision to Halt FSS Funding to Increase Costs for Industry

By Sanday Chongo Kabange | 08/02/2022

Financial firms are estimated to face increased costs of some KRW 20 million, on average, to make up for the loss of BOK funding.

CBDCs

China Showcases CBDC at Beijing Winter Olympics

By Sanday Chongo Kabange | 08/02/2022

Observers say China’s “zero Covid policy” has limited its ability to showcase the e-CNY to a wider population.

Supervision & Enforcement

Taiwan FSC to Revise Key Threshold Used in Compliance Checks

By Editors | 08/02/2022

The FSC will change a threshold it uses to determine whether to accept a financial institution’s application to start a new business.

Trading & Investment

BOT Encourages FIs to Adhere to FX Global Code

By Sanday Chongo Kabange | 07/02/2022

From 2025 onwards, adherence to the Code will become a prerequisite for the BOT’s foreign exchange counterparties.

Payments & Settlements

More Banks Join Indonesia’s New Fast Payments System

By Sanday Chongo Kabange | 07/02/2022

BI-Fast launched in December with an initial 21 entities; 21 additional banks and Indonesia’s CSD have now also enrolled.

Trading & Investment

Thailand Allows Fractional Trading in Depositary Receipts

By Editors | 07/02/2022

Rule revisions approved by the SEC amend the criteria for depositary receipts linked to overseas underlyings so that they do not have to be traded in whole number units.