ADVERTISEMENT
Reporting on regulatory frameworks and rules governing market design, authorisation, and oversight of key financial market participants and infrastructures.
Structural Regulation
Over 40 Parties to Apply for Digital Bank Licence: BNM
By Editors | 11/02/2021
Applications are being accepted until 30 June 2021, with BNM planning to award up to five licences in the first quarter of 2022.
Cloud & Infrastructure
FSC Korea to Allow Platform Operators Sell Insurance Products
By Editors | 11/02/2021
A new framework will be introduced to allow firms like Kakao and Naver to sell digital insurance products under sandbox-like conditions.
Trading & Investment
BSP Lowers Minimum Balance for Investment Management Accounts
By Editors | 11/02/2021
BSP Governor Benjamin Diokno said the revised regulations are aimed at expanding investment opportunities for the public.
Trading & Investment
Philippines to Launch Short Selling Upon Resolution of SBL Issues
By Ranamita Chakraborty | 10/02/2021
The Philippines Stock Exchange will launch short selling once issues related to securities borrowing and lending are resolved, president Ramon Monzon.
Liquidity Risk
PBOC Directs Regional Banks to Only Seek Local Customers
By Editors | 10/02/2021
The PBOC told regional banks to focus on serving local customers and to not accept deposits from customers outside their regions.
Payments & Settlements
PayNow Now Available on GrabPay, Singtel Dash, Liquid Pay
By Editors | 10/02/2021
The Association of Banks in Singapore says PayNow has been made available to non-bank financial institutions for the first time since its launch in 2017.
Structural Regulation
G-SIBs to Spend Over $100m on IBOR Budget in 2021: EY
By Manesh Samtani | 09/02/2021
Banks of all sizes felt most of their budget would be spent on technology, followed by legal contract repapering. A shortage of legal resources remains a clear risk.
Structural Regulation
HKEX Appoints JP Morgan’s Nicolas Aguzin as New CEO
By Manesh Samtani | 09/02/2021
Aguzin is expected to help HKEX continue to build its competitiveness and support the ongoing growth and development of Hong Kong’s financial markets.
Trading & Investment
RBI Allows Indian Residents to Open GIFT City Accounts
By Editors | 09/02/2021
Funds deposited in GIFT City foreign currency accounts by Indian residents can only be used for investment purposes and not for spending.
Structural Regulation
China Finalises Anti-monopoly Rules for Internet Platforms
By Editors | 09/02/2021
The rules prohibit platform operators from abusing their market dominant positions through behaviour designed to reduce or restrict competition.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.