Enforcement

China CCDI Rebukes Financial Regulators Following Inspections

05/03/2022

Following inspections that began last October, financial regulators and state owned institutions have been directed to rectify problems identified.

CBIRC Expands Private Pension Trial to 10 Banks and 10 Cities

02/03/2022

The pilot scheme began in September with 4 domestic banks being allowed to offer retirement wealth management products in four cities.

Capital / Liquidity

Taiwan Raises Risk Weights Banks Have to Apply to Mortgages

27/02/2022

Banks whose capital adequacy falls below the regulatory minimum as a result of the new risk weights will have to reduce risk-weighted assets or raise new capital.

Enforcement

Former Bank of Qinghai Executive Jailed 18 Years For Corruption

24/02/2022

A former chairman of China Postal Savings Bank and a former vice chairman of the CBRC have also been arrested on corruption charges.

Fintech / Regtech

CBIRC Warns of Metaverse-related Investment Scams

22/02/2022

The CBIRC warns of criminals luring the public to invest in high-tech projects related to the metaverse and profiting from “fake virtual currencies”.

Securities / Derivatives

CSRC Relaxes Rules for Appointing Securities and Fund Personnel

22/02/2022

Passing a proficiency test is no longer a prerequisite qualification for personnel with certain work experience, and educational requirements have been scrapped.

Securities / Derivatives

Singapore Has No Plans to Restrict Retail Investment in SPACs

20/02/2022

Regulatory safeguards and educational efforts mounted by SGX should provide “adequate protection for retail investors and enable them to assess the risk-return trade-offs”.

Fintech / Regtech

Singapore Continues Work to Bolster Digital Banking Security

18/02/2022

New measures include expanding the use of biometric technology, strengthening fraud surveillance and detection algorithms, and enabling customers to trigger account freezes.

Securities / Derivatives

CBIRC Issues New Rules to Manage Trust Industry Risks

18/02/2022

The rules set out requirements for ‘guarantee funds’ and ‘liquidity mutual aid funds’ to help the trust industry manage risk.