Structural Regulation

CSRC to Promote China-US Cooperation on Audit Supervision

24/08/2021

The CSRC said it will create conditions to promote China-US cooperation on audit supervision, strengthen market communication, and stabilise policy expectations.

Anti-Money Laundering

FMA Identifies AML Breaches by Investment Platform Sharesies

23/08/2021

The FMA has ordered Sharesies to amend its onboarding process and implement a process to complete identity verification at onboarding.

Structural Regulation

BSP to Close Application Window for Digital Banks

23/08/2021

The application window will be closed for three years. Applications received by 31 August will be processed on a first-come, first-served basis.

Structural Regulation

China: New State Pension to Boost Retirement Savings

23/08/2021

The establishment of the new state pension company is waiting for regulatory approval from the CBIRC.

Sustainable Finance

Thailand: Regulators Set Out Sustainable Finance Initiatives

22/08/2021

The strategic initiatives include the development of a sustainable finance taxonomy, the ESG data environment, and sustainable finance products.

Market Data & Technology

US SEC Allows API Access to Financial Disclosure Data

22/08/2021

The APIs aggregate financial statement data and make corporate disclosures quicker and easier for developers and third-party services to use

Structural Regulation

OJK Indonesia Introduces Digital Banking Framework

22/08/2021

Digital banks should have a minimum paid-up capital of IDR 10 trillion (USD 694 million). However, the capital deposit required at the time of application is IDR 3 trillion.

Capital Adequacy

Bangladesh Bank Raises Leverage Ratio Requirement

22/08/2021

A higher leverage ratio will help banks reduce import costs, increase quality capital, and enhance their ability of banks to absorb riskes, Bangladesh Bank said.

Structural Regulation

Taiwan FSC Eases Rules for Overseas Branches of Securities Firms

22/08/2021

Securities firms will be allowed to offer foreign currency custody services at overseas branches with a net value of TWD 4 billion, compared to TWD 10 billion previously.