Asia & South America

November 19, 2019

Dubai: Proposals on money services businesses

The Dubai Financial Services Authority has released Consultation Paper No. 125 – Proposals for Money Services.   Stakeholders are required to provide comments on the consultation paper by December 15, 2019.   Photo Credit: Paule_Knete from Pixabay  
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November 19, 2019

South Korea: Measures to strengthen investor protection

The Financial Services Commission and the Financial Supervisory Service have unveiled measures to strengthen investor protection regarding high-risk financial investment products.    The measures come after recent derivatives-linked funds mis-selling cases in the country.  They are aimed at enhancing consumer protection and maintaining stability in the financial system, without jeopardizing
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November 10, 2019

Kuwait: Central Bank unveils liquidity management and forecasting dashboard

The Central Bank of Kuwait (CBK) has announced a liquidity management and forecasting dashboard.   According to CBK, the dashboard will enhance the ability to forecast liquidity conditions more accurately and at an earlier point in time.  This will, in turn, lead to more efficient utilization of monetary policy instruments.
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October 2, 2019

Qatar: QFC Regulatory Authority consults on corporate governance rules

The QFC Regulatory Authority has published for consultation, draft Governance and Controlled Functions Rules 2019 (Governance Rules).   The draft Governance Rules will replace the Governance and Controlled Functions Rules 2012 and the Guide to Corporate Governance for QFC authorized firms.    According to the regulator, ‘the draft Governance Rules
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September 17, 2019

India: Reserve Bank consults on Guidelines for Payment Gateways and Payment Aggregators

The Reserve Bank of India (Reserve Bank) has published a discussion paper on ‘Guidelines for Payment Gateways and Payment Aggregators.’   The discussion paper seeks public comments on comprehensive guidelines covering payments-related activities of payment gateways and payment aggregators (PGPAs).   PGPAs are entities that:   provide technology infrastructure to
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