Reporting & Disclosures

Taiwan FSC Directs Fund Managers to Review Arms-related Exposure

10/11/2021

Fund managers are asked to review their offshore funds, including funds sold in China, and disclose exposures to weapons-related industries.

Reporting & Disclosures

Project Greenprint: MAS Unveils Plans to Boost Green Finance

09/11/2021

To support the green finance ecosystem, MAS and the industry will together develop four interoperable platforms under Project Greenprint.

Structural Regulation

China: Regulators Order City Commercial Banks to Cap WMPs – Report

09/11/2021

New rules are coming into effect at the end of the year which require banks to have separate units for their wealth management business.

Anti-Bribery & Corruption

CCDI Draws Lessons on Corruption from Ex-ICBC Bankers

08/11/2021

The two ex-bankers have relaxed risk controls and used customised rules to facilitate loan approvals for certain borrowers in exchange for bribes.

Payments & Settlements

Singapore Banks to Automate GIRO Application Process

08/11/2021

The current GIRO application process takes three to four weeks to complete. The eGIRO service will reduce turnaround time to a few minutes for consumers.

Anti-Bribery & Corruption

CCDI Official Offers Glimpse of PBOC-linked Corruption Cases

07/11/2021

Financial corruption and financial risks are intertwined, said senior inspector Xu Jiaai, speaking about corruption cases involving PBOC officials.

Structural Regulation

PBOC Declares Offshore Online Brokers Illegal in China

05/11/2021

Offshore online brokerages have been offering Chinese investors trading services for US and Hong Kong securities, without first obtaining a licence in China.

Climate Risk

Singapore Opens Local Chapter of WEF Climate Governance Initiative

04/11/2021

The local chapter, called Climate Governance Singapore, will seek to raise board-level awareness and promote decision-making based on the impacts of climate change.

Structural Regulation

China: Regulatory Crackdown on Internet Platforms Not Yet Complete

02/11/2021

About half China’s major Internet platforms have implemented plans to restructure their financial businesses. More progress is expected by year-end.