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Structural Regulation
Reporting on regulatory frameworks and rules governing market design, authorisation, and oversight of key financial market participants and infrastructures.
Structural Regulation
FSC Korea Designates KOFIA as CD Rate Administrator
By Sanday Chongo Kabange | 23/06/2023
With KOFIA designated as the administrator, the CD rate will begin to have legal effect as a critical benchmark rate starting on 2 October.
Cloud & Infrastructure
BSP Introduces Open Finance Pilot to Advance Financial Inclusion Objectives
By Ranamita Chakraborty | 23/06/2023
The pilot involves participation from FIs to co-develop an “open, interoperable, and scalable ecosystem”, supported by the BSP and IFC.
Structural Regulation
Philippines Sets Temporary Replacement Rate for LIBOR
By Editors | 23/06/2023
The temporary O/N reference rate to replace LIBOR will be based on the 28-day BSP bill rate. A permanent benchmark and “credible” yield curve will be developed by January 2024.
Structural Regulation
New Zealand to Probe Excessive Profits in Retail Banking
By Karen Ng | 23/06/2023
New Zealand’s Commerce Commission will conduct its first-ever study to assess competition in personal banking services.
Structural Regulation
Korea Set to Update Rules to Support Overseas Expansion by Financial Firms
By Sanday Chongo Kabange | 22/06/2023
The FSC said its regulatory overhaul will make it easier for Korean financial firms to acquire, establish, invest in, and operate overseas subsidiaries.
AI Risk & Governance
ASIC Chair Cautions Against Hasty Implementation of AI Tools
By Editors | 22/06/2023
ASIC plans to extend its automated order processing rules to futures markets and update its electronic trading guidance to reflect developments with AI.
Structural Regulation
CSRC Issues Guidelines to Improve Bond Registration System
By Editors | 22/06/2023
The guidelines streamline the debt issuance process, enhance information disclosure requirements, and tighten the responsibilities of issuers and intermediaries.
Structural Regulation
ASIC Proposes to Remake Derivative Trade Repository Rules
By Editors | 22/06/2023
ASIC proposes to remake the 2013 rules in substantially the same form with two minor updates ahead of sunset.
Structural Regulation
HKEX Expands Global Footprint with New York Office
By Editors | 22/06/2023
HKEX chief Nicolas Aguzin said the new office will better connect “two of the most important financial centres in the world”.
Trading & Investment
Korea Adopts Two Prong Approach to Boost Tech Listings
By Sanday Chongo Kabange | 21/06/2023
Regulators will run a month-long roadshow promoting stock listings by tech firms, and work to enact further facilitative rule changes.
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