Markets & Infrastructure

Conduct, Culture & Accountability

AFCA Launches Benchmarking Tool for Complaints Resolution

By Editors | 23/11/2021

The platform enables FIs to track complaints resolution and compare their performance against an anonymised set of similar financial firms.

Market Data & Technology

FSC Expands Access to Public Financial Data via Open APIs

By Sanday Chongo Kabange | 23/11/2021

The newly added data types include information about stocks, bonds, funds, insurance products and microloan products.

Structural Regulation

FSB Calls for Urgent Action Complete LIBOR Transition Steps

By Manesh Samtani | 23/11/2021

The FSB says transition should be “primarily to overnight RFRs” and that it is closely watching market developments regarding credit-sensitive rates.

Data Privacy

RBI Panel Suggests Increasing Regulation for Digital Lenders

By Sanday Chongo Kabange | 22/11/2021

The panel suggests the establishment of a self-regulatory organisation which would be charged with formulating a code of conduct for digital lenders.

Structural Regulation

BSP to Stop Accepting Applications for E-Money Issuer Licences

By Sanday Chongo Kabange | 22/11/2021

EMI licence applications received from non-bank institutions will be processed until 15 December on a first-come, first-served basis.

Credit Risk

Korea FSS Asks Banks to Review Rate Setting Practices

By Editors | 22/11/2021

Banks are also asked to allow borrowers to demand rate adjustments when their wealth increases or credit ratings improve.

Payments & Settlements

Taiwan FSC Raises Balance Limit for Third-Party Payment Providers

By Darien Choong | 22/11/2021

Third-party payment providers need not apply for a business licence from the FSC if they do not hold more than TWD 2 billion in custody.

Conduct, Culture & Accountability

Bursa Malaysia Appoints ICDM to Facilitate Director Accreditations

By Editors | 22/11/2021

First-time directors of listed companies and directors of newly-listed companies must complete an enhanced accreditation programme starting in 2022.

Conduct, Culture & Accountability

BOT Directs Banks to Halt Pressure Sales of Insurance

By Pongnut Thanaboonchai | 22/11/2021

The BOT has instructed banks to control the quality of their insurance sale practices, saying it is ready to implement “more intense” regulatory measures.