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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
Philippine SEC to Raise Penalties for Late Filing of Reports
By Sanday Chongo Kabange | 03/05/2023
In addition to higher monetary fines, the SEC may label a company ‘delinquent’ or revoke its registration in case of repeated failures.
Structural Regulation
Hong Kong Virtual Banks Saw Narrower Losses in 2022 – Report
By Editors | 02/05/2023
ZA Bank and Mox Bank have the largest customer bases. None of the eight virtual banks are profitable yet, but their losses have mostly narrowed.
Payments & Settlements
Indonesia, Korea to Use Local Currency in Bilateral Transactions
By Editors | 02/05/2023
BI and BOK will enable direct exchange rate quotations between the Korean won and the Indonesian rupiah in interbank trading.
Payments & Settlements
Australia to Ban Use of Credit Cards for Online Gambling
By Editors | 02/05/2023
Bank Identification Numbers (BINs) will be used to identify and block credit card payments. The ACMA will enforce the ban.
Structural Regulation
SEBI Bans Brokers from Pledging Client Funds for Bank Guarantees
By Editors | 01/05/2023
Existing bank guarantees created from client funds must be wound down by 30 September, to prevent misuse of investors’ money.
Trading & Investment
New BOJ Governor to Review Past Monetary Policy Moves
By Editors | 01/05/2023
The review will look into various monetary policy moves taken over the past 25 years, and not be tied to near-term policy shifts.
Structural Regulation
China Outlines Plan for Shifting Enterprise Bond Oversight to CSRC
By Editors | 30/04/2023
Enterprise bonds, mainly issued by large state-owned enterprises, have to date been subject to oversight and supervision by the NDRC.
Trading & Investment
Korea Takes Measures to Address Fraudulent IPO Subscriptions
By Editors | 30/04/2023
IPO bookrunners must verify institutional investors can pay for stocks before allotment; risk weight for carbon emissions rights is reduced.
Payments & Settlements
China Uses CNY Cross-border More than USD for First Time
By Editors | 30/04/2023
The yuan was used in 48.4 percent of China’s cross-border transactions in March, compared to 46.7 percent for the dollar.
Structural Regulation
Singapore Raises ABSD Stamp Duties to Cool Property Market
By Editors | 28/04/2023
Foreigners buying any residential property in Singapore will see the Additional Buyer’s Stamp Duty double.
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