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.

Conduct, Culture & Accountability

ASIC Sues Regional Banks Over Unfair Loan Contracts

05/09/2019

ASIC says the terms in Bank of Queensland and Bendigo and Adelaide Bank loan contracts could cause detriment to small businesses.

AI Risk & Governance

India Government Panel Pushes for Fintech, Regtech Adoption

04/09/2019

The panel has also proposed the development of a marketplace model for P2P lending, and the introduction of virtual banking in India.

Conduct, Culture & Accountability

Compliance Training Failing to Deliver Meaningful Outcomes

04/09/2019

Efforts to shape employee behaviour through compliance training have failed to deliver meaningful outcomes, says a new report from Quinlan & Associates.

Capital Adequacy

Capital Adequacy Deteriorates at Korean Internet-only Banks

04/09/2019

The capital adequacy ratios of K Bank and Kakao Bank have fallen to 10.62% and 11.74%, respectively, compared 15.34% at Korea’s other institutions.

Reporting & Disclosures

GRI Sets Up in Singapore to Promote Sustainability Reporting in ASEAN

04/09/2019

The new ASEAN hub will generate valuable know-how for ESG reporting and sustainable finance, and contribute to Singapore’s development as a financial centre, says SGX CEO Tan Boon Gin.