Capital / Liquidity

HKMA Eases LTV Rule for Commercial Real Estate Loans

19/08/2020

Effective from 20 August, the loan-to-value ratio cap is being raised from 40 to 50 percent. The 40 percent cap was introduced in 2009 as a market cooling measure.

Market Infrastructure

India Planning Specialised Cyber Agency for Financial Sector

19/08/2020

The specialised agency was proposed in 2017 by then finance minister Arun Jaitley. On Saturday, Prime Minister Narendra Modi said India will soon have a new cyber security policy.

AML / KYC

PEPs in the Limelight: Three Components to Mitigate Risk

19/08/2020

To understand the money laundering risks they face, financial firms need a robust and scalable approach to PEP identification and due diligence, says Refinitiv’s Michael Meadon.

Market Infrastructure

China to Promote Cross-Border Use of Renminbi, says PBOC

19/08/2020

China will facilitate trade and investment using the renminbi, the PBOC said in its annual RMB Internationalization Report.

Market Infrastructure

Taiwan to Tighten Rules on Investments from Mainland China

19/08/2020

A draft amendment will expand the definition used to determine whether a Taiwanese firm is considered Chinese-owned or under the control of a Mainland company.

Securities / Derivatives

SEBI Consults on New Format for Sustainability Reporting

18/08/2020

The top 1,000 listed entities by market cap can adopt the new format voluntarily for the financial year 2020-21. It will become mandatory from the financial year 2021-22.

AML / KYC

WWF, ACAMS Launch New Initiative Targeting Illegal Wildlife Trade

18/08/2020

The partnership seeks to bridge gaps in the financial systems that criminals exploit to move, hide and launder the proceeds of the illegal trade in wildlife.

Market Infrastructure

RBI Issues Draft Framework on Recognition of Payments SROs

18/08/2020

Recognised self-regulatory organisations would be responsible for establishing minimum benchmarks and standards for the proper functioning of their member entities.

Market Infrastructure

RBI Allows Formation of New Umbrella Entities for Retail Payments

18/08/2020

The framework allows private firms to apply to set up a new umbrella entity to operate retail payment systems. Currently, only the NPCI operates such an entity.