Capital / Liquidity

CBIRC Warns of Worsening Asset Quality, Rising Bad Loans

13/07/2020

NPLs will appear in the next period and rise, the CBIRC said, citing deteriorating asset quality, accumulated risks and weaker profitability at small and medium-sized banks.

Market Infrastructure

OCBC Launches First SORA-based Home Loan Package

13/07/2020

The 90-Day SORA home loan package is available to buyers of completed private properties with a minimum loan size of S$1mn.

Market Infrastructure

Thailand Proposes Rule Changes to Enable Hong Kong MRF

13/07/2020

The mutual recognition of funds scheme will help promote the competitiveness of Thai fund managers and increase investment options for investors in both markets.

Fintech / Regtech

FSC Korea Opens Applications for New MyData Licences

13/07/2020

MyData businesses will allow financial firms and fintechs to offer financial advice to customers using the data they make available through the MyData platform.

Market Infrastructure

SFTR Reporting Regime Goes Live for Sell-Side Firms

13/07/2020

Banks, investment firms, CSDs and CCPs started reporting securities financing transactions to approved trade repositories on Monday.

AML / KYC

China Imposes Retaliatory Sanctions Against US Officials

13/07/2020

The US President said that a phase two trade deal with China isn’t under consideration, though China has continued to meet its commitments under the phase one deal signed in January.

Market Infrastructure

SEBI Allows Foreign Stock Exchanges to Set Up in Gift City

13/07/2020

Indian or foreign stock exchanges can set up a majority-owned subsidiary with other investors to provide stock exchange services in Gift City.

Fintech / Regtech

MAS, Temasek, JPM Complete Final Phase of Project Ubin

13/07/2020

The prototype that was built can integrate with other blockchain-based platforms and be used for cheaper, faster and safer cross-border payments and to settle foreign exchange transactions.

Enforcement

CSRC Imposes Underwriting Restrictions on GF Securities

13/07/2020

14 GF Securities officers have also been barred from investment banking. The enforcement action is related to a $12.6bn fraud at drugmaker Kangmei Pharmaceutical.