Structural Regulation

Structural Regulation

BSEC Needs to Step Up Its Game, say Market Participants

By Duruthu E Chandrasekera | 25/07/2020

BSEC is working to speed up the IPO process and barriers to listing, amid calls for more diversified products and better transparency and governance in the capital market.

Structural Regulation

Covid Disrupts APAC LIBOR Transition, But Market Participants Unfazed

By Editors | 23/07/2020

A poll of APAC corporate treasury, finance and legal executives by APLMA and Bloomberg showed most participants still aim to be on track for the move to risk-free-rates by end-2021.

Operational Risk

‘Business As Usual’ for Hong Kong Banks, says HKMA Chief

By Editors | 23/07/2020

Chief executive Eddie Yue said the HKMA does not see that the national security law would affect the normal conduct of business in Hong Kong, provided it is permissible under existing regulations.

Structural Regulation

BOJ, FSA Again Urge FIs to Step Up Preparation for LIBOR Transition

By Editors | 23/07/2020

Financial institutions are urged to continue to take the necessary steps to ensure a smooth transition from LIBOR, even as they allocate resources to support Japanese businesses and households.

Capital Adequacy

Korean Regulators Approves K Bank Recapitalisation Plan

By Editors | 23/07/2020

K Bank’s recapitalisation plan was halted last April, forcing Korea’s first internet-only bank to stop offering loan products. It is now looking to regain ground lost to Kakao Bank.

Conduct, Culture & Accountability

ASIC Commences Civil Penalty Proceedings Against FX Firm

By Sanday Chongo Kabange | 22/07/2020

Forex Capital Trading and its sole director allegedly used high pressure sales tactics, false or misleading statements, and conflicted remuneration to maximise trading volume and client deposits.

Market Data & Technology

Refinitiv Launches Term SONIA Reference Rate Prototype

By Editors | 22/07/2020

Refinitiv’s announcement follows the launch of a beta version of term SONIA reference rates by ICE Benchmark Administration earlier this month.

Cybersecurity

FSC Korea Targets Fair Competition, Data Safeguards for Financial Sector

By Editors | 22/07/2020

FSC chairman Eun Sung-soo is eyeing regulatory reforms to ensure fair competition, data security, and consumer protection as bigtechs enter financial services.

Structural Regulation

Singapore: ACRA Proposes Amendments to Companies Act

By Editors | 22/07/2020

An ACRA working group recommends reforms to facilitate digitalisation, review financial reporting requirements, and safeguard shareholders’ interests, among other proposals.