Structural Regulation

Structural Regulation

Regulators Order Tencent to Establish Financial Holding Company

By Editors | 27/05/2021

Like Ant Group, Tencent will have to submit a reorganisation plan to regulators specifying which businesses the new financial holding company will absorb.

Structural Regulation

S. Korea to Expand Microfinance Support Fund

By Sanday Chongo Kabange | 27/05/2021

Legislative revisions will expand the pool of microfinance funds available by requiring banks and other FIs to make mandatory contributions.

Cloud & Infrastructure

Malaysia Launches Islamic Fintech Accelerator Programme

By Editors | 26/05/2021

The FIKRA Islamic Fintech Accelerator Programme seeks to promote an Islamic fintech innovation ecosystem in Malaysia’s capital market.

Trading & Investment

Hong Kong Considers Replacing State Street as TraHK Manager

By Editors | 26/05/2021

Officials reportedly commissioned an independent study to review State Street’s role in managing Hong Kong’s Tracker Fund.

Trading & Investment

CBIRC Approves Goldman Sachs Wealth Management JV

By Editors | 26/05/2021

Preliminary approval will allow Goldman Sachs Asset Management to own a 51 percent stake in the joint venture with ICBC Wealth Management.

Structural Regulation

Bursa Malaysia Grants Extension for Issuing Financial Statements

By Editors | 25/05/2021

The announcement comes at a time when Malaysia is under a four-week nationwide lockdown until 7 June.

Payments & Settlements

China CIPS Expands to Include Corporate Participants

By Editors | 25/05/2021

The first batch of non-banks have joined CIPS. Officials say the network covers nearly 200 countries and over 3400 banks.

Payments & Settlements

ASIC Proposes Updates to Modernise ePayments Code

By Sanday Chongo Kabange | 25/05/2021

ASIC proposes to add flexibility to the code to allow it to tailor data requests based on priorities and issues of concern.

Structural Regulation

Australia: Senate Committee to Probe ‘Debanking’ of Fintechs

By Ranamita Chakraborty | 25/05/2021

The government needs to better understand the policy issues which may be leading to debanking so that they can be addressed, said Senator Andrew Bragg.