CBIRC Relaxes Rules on Non-Capital Bond Issuance by Banks

27/09/2022

The requirement for banks to seek approval for individual issuances of non-capital bonds is removed. Qualifications of senior executives also no longer need approval.

Market Infrastructure

SEBI Orders Separation Between CRAs and Non-Rating Affiliates

27/09/2022

Credit rating agencies are directed to strengthen their internal firewalls and formulate a policy on their separation/firewall practices by January 2023.

ESG / Sustainability

APAC Study Group Publishes Transition Finance Guidance

27/09/2022

Lenders should assess whether financed projects meet ICMA’s transition finance criteria and align with sectoral pathways identified by government or other globally recognised bodies.

China Construction Bank to Set Up Fund to Buy Property

27/09/2022

The CNY 30 billion fund will be used to buy property from developers and turn them into rental housing, supporting efforts to contain China’s real estate crisis.

AML / KYC

Deutsche Bank to Settle US Shareholder Lawsuit for $26m

27/09/2022

Shareholders said Deutsche Bank made false statements about its KYC and AML processes and caused losses to investors when its client list was made public.

ESG / Sustainability

Bursa Malaysia Updates Sustainability Reporting Framework

27/09/2022

By 2025, all Main Market listed issuers will be reporting TCFD-aligned disclosures and internalising climate change considerations in their business strategies.

Crypto / Digital Assets

RBA to Commence CBDC Pilot Tests Early Next Year

26/09/2022

The CBDC will be called eAUD. Industry participants are invited to propose CBDC use cases, and to participate in testing. Expressions of interest are due by 31 October.

Fintech / Regtech

HKMA Launches Fintech Training Subsidy Scheme

26/09/2022

The scheme will provide training subsidies to around 1,500 industry practitioners who have attained professional qualifications in fintech.

BOE, FCA to Consult on Removing Banker Bonus Cap

26/09/2022

The cap, which limits bonuses to twice basic salary, was introduced in the EU in 2014 to curb excessive risk-taking.