Securities / Derivatives

Bursa Malaysia Revamps Rules for Derivatives Market Participants

15/08/2019

The updated rules allow non-face-to-face onboarding, remove voice logging for client orders, and introduce higher governance standards, among others.

Capital / Liquidity

APRA Orders Allianz to Raise Capital Level by A$250m

15/08/2019

APRA wants to send a message to the insurance and super sectors that it expects the same high standards of risk management, including for non-financial risks, as it does for banks.

Crypto / Digital Assets

RBI Issues Enabling Framework for Regulatory Sandbox

14/08/2019

The RBI has set a minimum net worth criteria of $35,000 for sandbox participants, half the amount specified in April’s draft.

Fintech / Regtech

Korea to Ease Entry of Innovative Businesses in Finance

14/08/2019

The FSC and FSS have jointly announced a set of measures designed to simplify the approval process for innovative businesses in finance.

Market Infrastructure

RBNZ Publishes New Data Series for Measuring Mortgage Risk

14/08/2019

The release of the new debt-to-income data comes as the government considers including it as an additional tool in the RBNZ’s macro-prudential toolkit.

Market Infrastructure

Philippines to Relaunch OF Bank to Create Digital-only Bank

14/08/2019

The Overseas Filipino Bank was launched in January to cater to overseas Filipino workers, who will more easily be able to access digital-only services.

Capital / Liquidity

RBI Props Up NBFCs Through On-Lending Guidance

14/08/2019

Banks are mandated to lend a portion of their funds to priority sectors. Allowing NBFCs to serve as middlemen for such lending provides them a liquidity backstop.

Market Infrastructure

Myanmar to Set Up Alternative Market for Unlisted Companies

14/08/2019

The so-called ‘Myanmar Public Companies Board’ will serve as a stepping stone for domestic companies to list on the YSX, which still lists only 5 companies.

Enforcement

FSS Korea to Probe Major Banks for Mis-sold Financial Products

14/08/2019

Woori, KEB Hana and Shinhan are subject to the FSS investigation for selling high-risk private equity investment products and derivative-linked securities.