Enforcement

Philippines Passes New Financial Consumer Protection Act

02/02/2022

The law empowers financial regulators to enforce standards of business conduct by financial entities and adjudicate on consumer complaints.

Securities / Derivatives

CSRC Offers Reassurances to Foreign Institutional Investors – Report

02/02/2022

CSRC vice chairman Fang Xinghai told global banks and asset managers to expect a “positive surprise” on Sino-US capital markets cooperation by June.

Securities / Derivatives

Japan FTC Warns of Possible Antitrust Breaches in IPO Pricing

02/02/2022

The FTC expressed concerns that securities firms could use their superior bargaining power to set IPO prices excessively low and disadvantage issuers.

Market Infrastructure

SEBI Temporarily Suspends Overseas Investments by Mutual Funds

02/02/2022

The mutual fund industry is reportedly close to breaching a USD 7 billion industry-wide limit on overseas investments.

Fintech / Regtech

BSP Launches Open Finance Roadmap, Financial Inclusion Strategy

02/02/2022

The open finance roadmap paves the way for greater collaboration and data sharing between FIs and fintechs, which will help boost financial inclusion.

Fintech / Regtech

Thailand Finalises Tax Policy for Income from Crypto Trading

02/02/2022

Individuals will have to include profits from cryptocurrency trading as assessable income when filing personal income tax returns.

ESG / Sustainability

Japan Considers Removing Quarterly Reporting Requirements

02/02/2022

A summary report setting out key considerations for the removal of quarterly reporting is expected to be released in the coming months.

Capital / Liquidity

APRA Commences Initiative to Modernise Prudential Architecture

02/02/2022

APRA says there will be a need for innovation in regulation and new rules, including to address how crypto-assets are treated for prudential purposes.

Market Infrastructure

China Issues New Rules to Promote Overseas Lending in RMB

02/02/2022

The new rules expand the ability of Chinese banks to lend RMB overseas and cooperate with overseas banks in their loan businesses.