Structural Regulation

UPDATED – China to Establish Central Register for Movable Assets Pledged for Loans

21/12/2020

The change is reportedly seen as a significant step for China to bolster movable assets-backed financing, a key funding channel for SMEs.

Structural Regulation

China Seeks to Improve Market Quality with New Delisting Rules

21/12/2020

Companies will be automatically delisted if their shares close below 1 yuan, or their market value remains below 300mn yuan, for 20 consecutive trading days.

Capital Adequacy

APRA to Maintain Zero Percent CCyB Through to End-2021

21/12/2020

APRA cites “the risk of further stresses to come” as a determining factor, including the threat of new Covid-19 outbreaks and the withdrawal of financial assistance measures.

Structural Regulation

SFC Unveils New Electronic Licensing Functions On WINGS

21/12/2020

The new online licensing platform marks an important milestone in the modernisation of the SFC’s gatekeeping function, said chief executive Ashley Alder.

Alternative Markets

HKMA Surveys PE Firms Seeking to Help Manage HK Growth Portfolio

21/12/2020

Interested private equity firms, local and overseas, are invited to take part in the survey on or before 22 January 2021.

Supervision & Enforcement

APRA Intensifies Scrutiny of Underperforming Super Funds

21/12/2020

APRA will issue notices requiring eight trustees to provide information on the actions being taken to address underperformance. Formal enforcement powers may be used “where appropriate”.

Credit Risk

CBIRC Grants Launch Approval to New National Bad Debt Manager

21/12/2020

China Galaxy Asset Management will receive its licence within ten days, and proceed with the necessary procedures to open for business in early 2021.

Fraud, Scams & Cybercrime

Taiwan to Lower Payment Thresholds for Customer Notification

21/12/2020

The move is aimed at combatting rising financial fraud as consumers increasingly prefer e-payments over the use of credit cards.

Cloud & Infrastructure

APRA Sets September Go-Live for New Data Collection Solution

21/12/2020

The timing of regulatory data reporting commencing in APRA Connect will vary by industry. Existing data collections for banks will continue through D2A for the time being.