Reporting & Disclosures

ISSB Forms Working Group to Prevent Jurisdictional Fragmentation

28/04/2022

The working group will seek to align work being done across jurisdictions to set standards in the field of sustainability-related financial disclosures.

Anti-Money Laundering

AUSTRAC Enhances MOU with Victoria Casino Regulator

27/04/2022

The Victorian Gambling and Casino Control Commission will be provided designated access to AUSTRAC’s financial intelligence database.

Credit Risk

PBOC Directs FIs to Finance Distressed Developers: Report

27/04/2022

About 12 developers will be supported by banks and distressed debt managers in the first wave of the programme.

Capital Adequacy

BSP Proposes Higher Capital Requirements for Rural Banks

27/04/2022

The BSP says higher capital requirements will enable rural banks to enhance risk management, upgrade resources, and accelerate digital transformation.

Reporting & Disclosures

New UK Taskforce to Set Standards for Climate Transition Plans

27/04/2022

The taskforce will develop policy recommendations, sector-specific transition planning templates and guidance, and measures to tackle greenwashing.

Market Abuse

Taiwan: Foreign Brokers Cleared of Wrongdoing in Trading Probe

27/04/2022

A probe into foreign brokerage firms was launched last month after they sold shares in TSMC while also issuing “buy” recommendations in research reports.

Fraud, Scams & Cybercrime

Hong Kong: ICAC Charges Three Over Mortgage Fraud

27/04/2022

A property buyer and two estate agents understated the purchase price so the mortgage would be subject to a lower LTV cap.

Sustainable Finance

CBIRC Directs Banks to Finance Green Highway Construction

27/04/2022

Banks are asked to provide financing support for government highway projects and optimise the repayment arrangements for such projects.

Payments & Settlements

Myanmar Exempts Foreign Firms from FX Conversion Rule

27/04/2022

An order requiring all foreign currency held in bank accounts to be converted into local currency will not apply to businesses in special economic zones and most other foreigners.