Enforcement

SEBI Probes Nippon Mutual Fund, Yes Bank Transactions – Report

20/01/2023

SEBI is investigating whether investments in Yes Bank perpetual bonds were made as part of a special deal to benefit Ambani Group companies.

Securities / Derivatives

JPMorgan, StanChart Win New China Approvals

20/01/2023

JPMorgan won approval to take full ownership of its fund management venture. StanChart won approval to set up a new securities brokerage.

Securities / Derivatives

CSRC Optimises Rules for PE Funds by Securities, Futures Firms

19/01/2023

The rules are aimed at improving the ability of private equity investments to serve the real economy and support innovative businesses.

Market Infrastructure

BOJ Seeks Greater Control Over Yield Curve With Rule Change

19/01/2023

Under the revised rules, the BOJ can provide FIs both fixed and variable-rate loans across a range of tenors up to 10 years.

Crypto / Digital Assets

BSP’s CBDC Testing to Continue in Sandbox Until 2024

19/01/2023

The BSP is testing large value CBDC transactions among a limited number of FIs. A retail  CBDC is not being explored.

India Proposes Changes to Insolvency and Bankruptcy Code

19/01/2023

The simplified process currently available to small firms under the IBC will be expanded to some larger firms, among other changes.

Enforcement

Australia: Three Law Firms Join Forces for Medibank Class Action

19/01/2023

The class action seeks compensation for Medibank customers who had their personal and health data stolen by Russia-linked hackers in last year.

Taiwan Approves Merger Between Taipei Fubon and Jih Sun Bank

19/01/2023

Taipei Fubon Bank as the surviving entity will be Taiwan’s third-largest bank by assets after Bank of Taiwan and CTBC Bank.

Capital / Liquidity

Implementation of 2013 NBFI Reforms Are Incomplete: FSB

19/01/2023

Jurisdictions have not finished implementing Basel III reforms to mitigate spillovers between banks and non-bank financial entities.