Fintech / Regtech

BIS Announces Pablo Hernández de Cos as Next General Manager

12/11/2024

Pablo Hernández de Cos, the former Governor of the Bank of Spain, will take over from Agustín Carstens starting 1 July 2025.

Capital / Liquidity

Levies for NZ’s Depositor Compensation Scheme to be ‘Risk-based’

12/11/2024

New Zealand’s four largest banks will pay about three-quarters of the total levies collected to fund the Depositor Compensation Scheme.

Securities / Derivatives

Taiwan FSC to Relax Rule on Discretionary Investment Accounts

12/11/2024

The proposed amendment removes a rule that limits the discretionary investment services that local investment firms can provide.

Market Infrastructure

RBI Issues Framework for Reclassifying FPI Investment as FDI

11/11/2024

The framework sets out a process for FPIs that breach the 10% ownership limit and wish to convert their stakes in Indian companies to FDI.

Uncategorised

Chinese SOE Sinosure Refusing to Insure Exports to Russia – Report

11/11/2024

Sinosure has reportedly begun to refuse to insure exports of certain goods to Russia, with some Chinese suppliers being blacklisted.

Capital / Liquidity

China Approves Debt Swap Plan to Address LGFV Debt

11/11/2024

The CNY 10 trillion plan is not expected to directly impact economic growth as it doesn’t include measures to incentivise consumption or stimulate the property market.

Capital / Liquidity

ECB May Impose Capital Charge on Banks With Excess Russia Exposure

11/11/2024

The ECB is considering adjusting capital requirements for Raiffeisen Bank International and UniCredit to account for Russia-related risks.

HKMA Mandates Cooling-off Period for Unsecured Consumer Credit

11/11/2024

Retail banks including digital banks have until end-June 2025 to implement at least a 7-day cooling-off period for all unsecured consumer credit products.

Crypto / Digital Assets

RBA Invites Industry to Participate in Digital Money Experiments

11/11/2024

The project will explore how different forms of digital money and associated infrastructure could support the development of wholesale tokenised asset markets in Australia.