Climate Risk

SBTi Offers Guidance to FIs on Setting Net Zero Targets

19/04/2022

SBTi’s new paper provides principles, definitions, metrics, and target formulation considerations for FIs to set quantitative net-zero targets.

Credit Risk

Bangladesh Bank Issues Provisioning Policy for ‘Other Assets’

19/04/2022

Banks will have to hold ‘bad debt’ level provisions against funds allocated for certain business expenditures if they sit on the balance sheet as ‘other assets’ for over a year.

Anti-Bribery & Corruption

China to Step Up Corruption Crackdown in Capital Markets

19/04/2022

So far this year, nine financial officials were expelled from the CCP, with some facing other disciplinary punishments including criminal prosecution.

Climate Risk

FSA Issues Guidance to Japanese FIs on Using NGFS Scenarios

19/04/2022

The guidance will help Japanese financial institutions use of the NGFS scenarios to conduct climate-related financial risk analysis, the FSA said.

Structural Regulation

Japan to Remove Quarterly Reporting Requirements

19/04/2022

Legislation will be introduced in 2023 to remove a requirement for listed companies to provide the government with audited quarterly financial statements.

Structural Regulation

China to Unify Domestic Markets to Prevent Unfair Competition

19/04/2022

China will cultivate a unified national ecological and environment market and create unified carbon emissions and water rights trading markets.

Trade Based Money Laundering

APAC Banks Need to Increase Vigilance to TBML Risks

19/04/2022

Panellists at a recent Regulation Asia webinar discussed the need for greater vigilance to TBML risks and how workflow enhancements can improve outcomes.

PEPs & Sanctions

US Treasury Sanctions Lazarus Entities Over ‘Ronin Bridge’ Hack

19/04/2022

OFAC has added a list of entities associated with Lazarus to its sanctions list, including a specific Ethereum wallet address associated with the attackers.

Credit Risk

Enhancements to HK Personal Loan Guarantee Scheme Take Effect

19/04/2022

The maximum loan amount per borrower under the 100% Personal Loan Guarantee Scheme is increased. The maximum repayment period and principal moratorium arrangement are extended.