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Reporting on regulatory frameworks and rules governing market design, authorisation, and oversight of key financial market participants and infrastructures.

Payments & Settlements
China Asks Visa, Mastercard to Lower Fees on Domestic Transactions
By Editors | 24/06/2024
Visa and Mastercard were asked to reduce their fees so local merchants are more willing to accept card payments from foreign visitors to China.

Trading & Investment
Korea: Simpler Registration Requirement Yielding More Foreign Inflows
By Editors | 24/06/2024
Around 300-400 new accounts are now being opened each month by foreign investors, compared to just 105 monthly during 2023.

Trading & Investment
Korea Issues Best Execution Guidelines for Securities Firms
By Manesh Samtani | 23/06/2024
The guidelines are intended to help securities firms understand how they should allocate customer orders once the new ATS market is launched in March 2025.

Structural Regulation
China Give Small Banks Deadline to Establish Wealth Management Subsidiary
By Mark Johnston | 22/06/2024
The NFRA has reportedly given small banks until 2026 to establish a separate subsidiary if they wish to continue selling wealth management products.

Trading & Investment
HKEX to Introduce Measures to Boost Stock Connect – Report
By Sanday Chongo Kabange | 21/06/2024
New chair Carlson Tong said HKEX will introduce more measures to boost market turnover and new listings.

Payments & Settlements
Indian Banks Delayed in Joining Bharat Bill Pay System
By Ajoy K Das | 21/06/2024
Several major banks have not yet gone live on the BBPS despite a 30 June deadline for credit card payments to be processed on the interface.

Structural Regulation
NZ FMA Issues New Auditor Regulation and Oversight Plan
By Sanday Chongo Kabange | 21/06/2024
By ensuring a high standard of auditing we aim to increase investor confidence in the quality of the audited financial statements of reporting entities, the FMA said.

Structural Regulation
Bangladesh Tightens Norms for Appointment of Auditors
By Ajoy K Das | 20/06/2024
Market intermediaries are only allowed to appoint auditors from firms that are approved by BSEC. Errant auditors can be declared ineligible.

Trading & Investment
New Zealand Working to Improve KiwiSaver Scheme
By Editors | 20/06/2024
Recommendations for improving KiwiSaver include the introduction of a “default” contribution rate that is higher than the minimum.

Structural Regulation
Australia to Improve Outcomes for Home Loan Borrowers
By Editors | 20/06/2024
Reforms will make it easier to switch to better mortgage deals. A new review was launched to find ways to support additional competition in the banking sector.
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