Credit Risk

CBIRC Launches New Initiatives to Support SMEs, Rural Areas

12/04/2022

The CBIRC is encouraging banks and investment firms to explore new models of financing, where they provide both credit and direct investment to innovative firms.

Cryptocurrency

Singapore Crypto Firms Offered Clarity on Advertising Ban

12/04/2022

Industry bodies have formed a task force to draft a code of practice to address issues around marketing and advertising of crypto services, as suggested by MAS.

Resolution & Recovery

PBOC Unveils Draft Law to Establish Financial Stability Fund

10/04/2022

The law will support the establishment of a guarantee fund for financial stability, while also strengthening accountability for regulatory violations and improving protections for market entities.

Conduct, Culture & Accountability

Taiwan FSC Directs FIs to Protect Elderly Consumers

08/04/2022

FIs have been selling unsuitable products to elderly customers without conducting a proper risk assessment and sometimes categorising them as professional investors.

Credit Risk

China to Use ‘Social Credit’ Scores in Lending Market

07/04/2022

Authorities say they are seeking to use the social credit system to improve financing opportunities and increase lending to businesses and individuals.

Sustainable Finance

Taiwan FSC Ramps Up Efforts to Promote Green Finance

06/04/2022

The FSC will encourage FIs to use their capital, investment and financing decision-making power to guide enterprises towards sustainable development.

Structural Regulation

CSRC Proposes Rule Amendments to Resolve US Audit Dispute

05/04/2022

The draft amendments will allow US regulators to inspect the audit working papers of Chinese companies listed in the US.

KYC & CDD

EU Lawmakers Vote to Adopt KYC Rules for Unhosted Crypto Wallets

04/04/2022

The European Parliament voted to adopt requirements for crypto firms to gather and verify personally identifiable information of users of unhosted crypto wallets.

Sustainable Finance

ADGM to Launch Regulated Carbon Exchange and Clearinghouse

31/03/2022

ADGM will launch a carbon trading exchange and clearinghouse, offering trading in tokenised carbon credits, carbon credit futures and green energy contracts.