Structural Regulation

Thai SEC Revises Definitions for Institutional, HNW Investors

16/03/2022

Institutional investors will include those with the ability to analyse and absorb risks in complex and high-risk products, such as VC and PE firms, investment analysts, and company directors.

Anti-Money Laundering

INTERPOL Launches Financial Crime and Anti-Corruption Centre

16/03/2022

The new centre will adopt a multi-agency approach to drive a coordinated global response to transnational financial crime and corruption.

Cybersecurity

FS-ISAC Warns of Cyber Risk ‘Trifecta’ in 2022 and Beyond

15/03/2022

Boards, auditors, and regulators will demand that firms level up their incident response playbooks, tools, and platforms.

Payments & Settlements

RBI Launches New Services to Drive Digital Payments Adoption

15/03/2022

UPI-based instant payments can be enabled on some 400 million feature phones in India that do not have an internet connection.

Sustainable Finance

PBOC to Set Up New Funding System to Drive Energy Transformation

15/03/2022

The PBOC will provide financial support for the development of new energy sources such as wind power, photovoltaics and other forms of energy transformation.

Structural Regulation

MAS Issues New Compliance Toolkits for Fund Managers, CMS Licensees

15/03/2022

The compliance toolkits will provide regulated entities with a simple reference on the common applications, forms and submission requirements.

Structural Regulation

Hong Kong IA Relaxes Rules on Online Sale of Insurance

15/03/2022

ILAS (investment-linked assurance schemes) can now also be distributed using non-FTF methods, with a fast track authorisation process.

Emerging Prudential Risks

PBOC Outlines Achievements to Resolve Financial Risks

14/03/2022

The PBOC cited as examples the measures taken in relation to TMRW Group, Anbang, HNA Group, Baoshang Bank, Bank of Jinzhou and Hengfeng Bank, among others.

Cryptocurrency

Thailand to Offer Tax Exemptions on Crypto Trades

14/03/2022

Traders will be allowed to offset annual losses against crypto gains for taxes purposes. Crypto trades will also be exempt from a 7 percent VAT.