Fraud, Scams & Cybercrime

China P2P Lenders Ordered to Share Data with Credit Bureaus

06/09/2019

The move is part of a broader crackdown on irregular practices and risks in the P2P sector, and will provide greater protection to investors in online lending platforms.

Structural Regulation

FSC Korea to Ease Major Shareholder Notification Rule

06/09/2019

Institutional investors will be exempt from disclosing major shareholding changes when exercising their rights to remove law-breaking executives or to push for improved governance.

Trading & Investment

RBI Task Force Urges Development of Secondary Market for Loans

05/09/2019

The task force recommends easing rules for loan asset securitisation, and to allow secondary market participation from funds and insurers.

Structural Regulation

Thailand to Digitise Capital Market Processes with DLT

05/09/2019

The project aims to reduce the documentary procedures required in processes related to share issuances and offerings, securities registration, settlement and delivery, and KYC.

Resolution & Recovery

SBV Lists Criteria for Assuming Control of Troubled Banks

05/09/2019

The State Bank of Vietnam has issued a circular outlining seven conditions under which it will impose ‘special control’ over credit institutions.

Structural Regulation

Sri Lanka Proposes Easing of Stock Market Listing Criteria

05/09/2019

Companies will no longer be required to have three years of consecutive profits to list on the main board of the Colombo Stock Exchange.

Cloud & Infrastructure

MAS Proposes New Format for Reporting Financial Advisor Complaints

05/09/2019

Collecting data in a machine-readable format will increase efficiency by removing the need for manual processes and reducing the risk of human errors, MAS says in a consultation paper.

Cloud & Infrastructure

Korea Eases Fintech Investment Rules for Financial Firms

05/09/2019

Under new guidelines, rules limiting how much financial firms can invest in non-financial sector tech firms will be lifted, and investment will be allowed in a wider range of fintech firms.

Conduct, Culture & Accountability

Japan FSA to Revise Standards For Auditors of Listed Companies

05/09/2019

The revised standards will require auditors to disclose the reasons for issuing a qualified opinion in financial statements starting from March 2020.