Securities / Derivatives

Regulatory Change a Challenge for Hong Kong Fund Managers

10/06/2020

Overregulation is an issue for some fund managers in Hong Kong, but the industry is also calling for greater regulatory clarity around GBA initiatives and ESG standards, according to a KPMG-HKIFA survey report.

Fintech / Regtech

BOK to Form Dedicated Digital Innovation Division

09/06/2020

The new division will study the use of AI and big data to deliver more sophisticated economic forecasts and statistical data, and ramp up efforts to develop CBDC capabilities.

Market Infrastructure

China to Develop Hainan Province into Global Free Trade Port

09/06/2020

The first phase of the plan will focus on liberalising trade and cross-border investment, starting with the launch of QDLP and QFLP pilot programmes.

Securities / Derivatives

SFC Proposes to Grant Greater Investment Flexibility to REITs

09/06/2020

REITs will be given more flexibility to invest in minority-owned properties and property development projects, and borrowing limits will be increased.

Securities / Derivatives

Taiwan FSC Lifts Ban on Short-selling Ten Days Early

09/06/2020

South Korea, Malaysia and Indonesia are the remaining Asian nations that still have short-selling bans in place. Malaysia’s is due to be lifted at the end of June.

Fintech / Regtech

FSC Korea Opens Access to Public Financial Institution Data

09/06/2020

The public release of the data is expected to contribute to the advancement of the data economy and fintech industry, while also creating more jobs in data-driven innovative services.

Fintech / Regtech

BOT Launches Regulatory Sandbox for P2P Lending Platforms

09/06/2020

The BOT will seek to use sandbox testing to ensure P2P lending platform providers adopted appropriate risk management and user protection practices.

Securities / Derivatives

Taiwanese, Russian CSDs to Cooperate on Capital Markets

09/06/2020

The TDCC and NSD have agreed to support constructive dialogue and cooperation in areas such as electronic voting, fintech and information services, among other areas.

AML / KYC

Korea: Details of 900,000 Credit Cards Leaked, Sold Overseas

09/06/2020

The leaked information included card numbers, expiration dates and the three-digit security code on the back of cards. About 410,000 of the leaked cards are still active.