Capital / Liquidity

RBI Defers Implementation of NSFR, Final Tranche of CCB

02/10/2020

The delays are a result of “continuing stress on account of Covid-19”, giving banks a further six months until 1 April 2021 to meet the higher requirements.

Fintech / Regtech

ACCC Concludes Refinitiv-LSEG Merger Review

02/10/2020

The ACCC examined horizontal overlaps and vertical relationships between LSEG and Refinitiv, as well as potential competition issues, and is not opposed to the transaction.

Market Infrastructure

SWIFT Developing Low-Value Cross-Border Payments Service

02/10/2020

The new initiative will improve the payments experience for consumers and SMEs, making them faster, more transparent, easier and competitively priced.

AML / KYC

Taiwan to Set New AML/CFT Rules for Accountants

01/10/2020

Accountants will not be allowed to establish business relationships or conduct transactions with clients until their identities and actual beneficiaries are verified.

Securities / Derivatives

SEBI Orders Faster Liquidation of Defaulting Brokers’ Assets

01/10/2020

Stock exchanges and clearing corporations should sell brokers’ securities if debit balances are not cleared in 5 days, and to sell other broker assets six months after the default.

Securities / Derivatives

Korea to Amend Law to Protect Private Equity Fund Investors

01/10/2020

The revisions will enhance oversight and risk assessment of private equity funds, and prevent illiquid funds from being marketed to retail investors.

Fintech / Regtech

RegTech Asia 2020: Regulatory Reporting & Data Management

01/10/2020

How have regulatory reporting requirements been changing in APAC, and what has this meant for data management practices at financial institutions?

SAFE Eases Administrative Burden of Bank Statistical Reporting

01/10/2020

Rule revisions relax requirements for banks to print foreign payment and collection vouchers, while also clarifying electronic forms and vouchers may be used in submissions.

ESG / Sustainability

First Chinese Sustainability Bond on Display at LuxSE’s Green Exchange

01/10/2020

The new $300mn issuance on display at LGX makes China Merchants Bank the first Chinese commercial bank to issue a sustainability bond.