Structural Regulation

AI Risk & Governance

RBI Considers Developing Regulatory Framework for Fintechs

By Editors | 07/07/2023

Deputy governor T Rabi Sankar Sankar indicated the RBI is committed to ensuring the fintech industry is provided adequate space to grow.

Trading & Investment

SEBI Proposes to Require FPIs to Route Bond Trades to RFQ Platforms

By Editors | 06/07/2023

SEBI intends to mandate FPIs to carry out at least 10 percent of their total secondary market trades in corporate bonds via RFQ platforms.

Structural Regulation

More Foreign Banks in UK May Have to Convert Branches to Subsidiaries

By Editors | 06/07/2023

The BOE is considering reducing the thresholds for requiring foreign banks to set up subsidiaries, as part of a review prompted by SVB’s collapse.

Trading & Investment

BSP Starts Publishing Temporary Replacement Rate for LIBOR

By Editors | 06/07/2023

The new reference rate is generated by translating the 28-day BSP bill rate to its overnight equivalent.

Trading & Investment

Bursa Malaysia Assumes Investor Relations Function

By Sanday Chongo Kabange | 06/07/2023

Bursa Malaysia will serve as the single point of reference for investor relations matters. MIRA is discontinued.

Payments & Settlements

RBI to Require Card Issuers to Offer Network Optionality

By Sanday Chongo Kabange | 06/07/2023

Banks and other card issuers will have to provide options for customers to freely choose which card networks processes their payments.

Structural Regulation

Korea Announces Plans to Allow New Entrants to Banking Industry

By Editors | 06/07/2023

This will be the first time in thirty years that new nationwide banks can be established in Korea, the FSC said.

Structural Regulation

Australia Launches New Foreign Ownership Register

By Editors | 06/07/2023

Investors need to notify the new Register within 30 days after they acquire or dispose of an interest or there is a change of at least 5 percent in the interest.

Reporting & Disclosures

Australia: New Report Calls into Question Credibility of Corporate Reporting

By Editors | 05/07/2023

The poor quality of disclosure suggests that directors are not taking their responsibility seriously, said Professor Peter Carey at Deakin University.