Capital / Liquidity

Property Crisis Prompts Unexpected Rate Cuts from PBOC

16/08/2022

Property developers have lost about $55bn in share value and $35bn in their debt value since the beginning of the year.

Uncategorised

Bursa Malaysia to Launch VCM Exchange by Year-End

16/08/2022

The exchange said the VCM will encourage investments in high-quality offsetting projects that can generate positive environmental and societal benefits.

Fintech / Regtech

Chinese Tech Giants Submit App Algorithm Details to CAC

16/08/2022

Companies including Alibaba, Tencent, Meituan, ByteDance and Baidu submitted algorithm information to regulators to comply with requirements adopted in March.

ESG / Sustainability

Australia Needs National Carbon Market Strategy – Report

16/08/2022

The government should publish a national strategy that helps embed decarbonisation in everyday decision-making and upholds the integrity of offsets, the Climate Change Authority says.

Crypto / Digital Assets

ISLA May Revise GMSLA to Cater to Digital Assets

15/08/2022

ISLA has appointed Ashurst to assess whether the standard master agreements used in securities lending may need to be extended or revised.

BSP Urged to Regulate Away ‘Exorbitant’ Bank Transfer Fees

15/08/2022

Lawmaker Joey Salceda is calling on the BSP to set a cap on transfer fees charged by banks for the use of interbank payment systems.

RBI Directs Lenders to Clean Up Debt Collection Practices

15/08/2022

Regulated entities must ensure they and their agents do not resort to intimidation or harassment of any kind against any person in their debt collection efforts.

Australia Commences Review of ASIC’s Industry Funding Model

15/08/2022

The review will be “forward looking” and focused on identifying refinements to the funding model to ensure its settings remain “appropriate”.

Capital / Liquidity

China Banking Association Offers Guidance on Accounting Standards

15/08/2022

The guidelines will help to standardise banks’ practices for valuing financial instruments and improve the comparability of reported financial indicators.