Posts By Darien Choong, Regulation Asia
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501Taiwan FSC Revises Guidelines on Financial Industry Disclosures
Darien Choong, Regulation Asia January 5, 2022The amendments will enhance disclosures on environmental and social issues, board diversity and independence, and information security policies and risks.
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661China to Require Mandatory Disclosure of Environmental Information
Darien Choong, Regulation Asia January 4, 2022New rules taking effect in February will require companies to compile annual environmental information disclosure reports for submission by 15 March of each year.
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423CBIRC Targets Disorderly Expansion of Credit Card Market
Darien Choong, Regulation Asia January 3, 2022Under new draft rules, banks are required to reduce interest and fee charges, prevent excessive credit usage, and better control credit risk in card operations.
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594CBIRC Finalises Liquidity Management Rules for WMPs
Darien Choong, Regulation Asia December 30, 2021The rules emphasise the integration of liquidity risk management throughout the entire process of wealth management business operations.
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516CBIRC Lifts Market Entry Restrictions for Foreign Insurance Brokers
Darien Choong, Regulation Asia December 28, 2021Requirements to first establish a representative office in China and have more than 30 years operating experience have been lifted.
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585Taiwan FSC to Inspect Real Estate Credit Controls at FIs
Darien Choong, Regulation Asia December 28, 2021The central bank has further tightened real estate credit controls. The FSC will conduct inspections on 20 financial institutions to ensure they are complying.
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344Singapore, Shanghai Bolster Collaboration in Finance, Innovation
Darien Choong, Regulation Asia December 22, 2021A public private sector workgroup was established by MAS and the Shanghai Municipal Financial Regulatory Bureau to deepen bilateral financial cooperation and connectivity.
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176CBIRC Asks Banks, Insurers to Finance Technology Innovation
Darien Choong, Regulation Asia December 22, 2021The CBIRC says it actively supports direct and indirect financing of tech enterprises, on the premise of "controllable risks and compliance with laws and regulations".
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337CBIRC Details Consumer Rights Infringements by Huaxia Bank
Darien Choong, Regulation Asia December 22, 2021The bank used credit card contracts to “force” customers to accept cross-selling, which infringes on consumers' right to fair transactions, the CBIRC said.
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Taiwan FSC Directs Banks to Enhance Wealth Management Controls
Darien Choong, Regulation Asia December 21, 2021The FSC found deficiencies in banks' implementation of internal controls to prevent misappropriation of client funds by wealth management specialists.
