MARKET INFRASTRUCTURE

Market Infrastructure

American Express Set to Enter China Market

By JP Reimann | 30/04/2018

Amex application to operate in China through a joint venture with domestic mobile-payment provider Lianlian has reportedly been accepted by PBOC.

Capital / Liquidity

Taiwan to Debut Internet Only Banks by End-2019

By JP Reimann | 30/04/2018

Internet only banks must be at least 50 percent owned by a traditional lender, and subject to the same capital requirements.

Market Infrastructure

Thailand Targets Bank Mergers to Boost Regional Competitiveness

By Manesh Samtani | 28/04/2018

BOT supports incentives for merged banks including extra deductions for corporate income tax and waivers from other tax obligations.

Market Infrastructure

FSB Publishes Second UPI Governance Consultation

By JP Reimann | 27/04/2018

Consultation covers fee models and cost recovery, intellectual property, standardisation, competition among UPI service providers, arrangements for UPI reference data library.

Market Infrastructure

HKEX Appoints Laura Cha as Chairman

By Editors | 27/04/2018

Industry veteran Laura Cha is first female chairman for a two-year term, subject to approval by chief executive Carrie Lam.

Market Infrastructure

HKEX New Listing Regime Adds Dual-Class Shares

By JP Reimann | 26/04/2018

In biggest rule changes in two decades, innovative and emerging companies with weighted voting rights structures will be able to list in Hong Kong from Monday.

AML / KYC

ACAMS 2018: HKMA Calls on Financial Industry in Fight Against Crime

By Manesh Samtani | 26/04/2018

Deputy chief Arthur Yuen highlighted technological innovation, increased information sharing and the application of a risk-based approach as the key issues to implementing effective AML systems.

Capital / Liquidity

Policy Tools Sufficient to Reduce Financial Sector Leverage – PBOC

By Garima Chitkara | 26/04/2018

PBOC governor said Chinese economic fundamentals were strong and that the central bank had enough tools to bring down financial leverage and mitigate systemic risks.

Enforcement

Australia Consults on ASIC Industry Funding Levy Amendments

By JP Reimann | 26/04/2018

Australia released new draft regulations to make technical amendments to the levies in the industry funding framework; consultation closes on 14 May 2018.