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Reporting on regulatory frameworks and rules governing market design, authorisation, and oversight of key financial market participants and infrastructures.
Capital Adequacy
Sea and Grab-Singtel “Leading Singapore Digital Bank Race”
By CorporateTreasurer | 12/02/2020
S&P Global Market Intelligence believes digital banking contenders Sea and the Grab-Singtel consortium are the most likely to gain coveted digital bank licences in Singapore.
Structural Regulation
CBIRC’s New Rules for Trust Companies to Take Effect in March
By Editors | 11/02/2020
When the measures take effect, a $1bn asset threshold required of foreign financial institutions to hold shares in domestic trust companies will be effectively cancelled.
Trading & Investment
Sri Lanka Should Start LIBOR Transition ‘Immediately’ – ICRA
By Editors | 11/02/2020
The central bank, financial institutions, and companies must assess the impact, and the LIBOR transition should start “immediately”, says ICRA Lanka, a Moody’s group company.
Structural Regulation
Quarterly Reporting Required for 109 Companies: SGX
By Editors | 11/02/2020
94 companies required to use quarterly reporting are issuers with audit concerns, 6 have outstanding regulatory concerns, and 9 are named under both categories.
Trading & Investment
S. Korea’s KakaoPay Green-lit to Offer Brokerage Services
By Editors | 10/02/2020
The FSC has granted final approval to KakaoPay allowing it to acquire Baro Investment & Securities and enter the brokerage services space.
Structural Regulation
SGX to Allow Some Issuers to Delay AGM, Audited Results
By Editors | 10/02/2020
The extension is for issuers whose principal place of business or significant operations are in China, and whose audits have been affected by coronavirus-related measures.
Structural Regulation
SGX RegCo Offers Guidance as New Disclosure Rules Take Effect
By Editors | 07/02/2020
Listed companies should have robust and effective internal controls in place to assess material information requiring disclosure, says SGX RegCo chief Tan Boon Gin.
Structural Regulation
Cabinet Approves Amendments to Bring Co-op Banks Under RBI Oversight
By Editors | 07/02/2020
Under the amendments, the RBI gain powers to supersede the board of a cooperative bank under stress, with government approval.
Payments & Settlements
RBA Considers Mandating ‘Least Cost Routing’ – Reports
By Editors | 07/02/2020
Forcing banks to route payments through EFTPOS rather than Visa or Mastercard could save retailers an estimated A$500mn a year.
Conduct, Culture & Accountability
Banks Against Penalties Proposed in New Accountability Regime
By Editors | 07/02/2020
Australia’s new Financial Accountability Regime will subject accountable persons to penalties up to A$1.05mn per breach, or three times the benefit derived or detriment avoided, whichever is higher.
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