Structural Regulation

BSP Targets September Issuance of Digital Banks Framework

06/09/2020

Separately, new legislation is under development to expedite the digital banking sector, targeted to pass by the end of 2020.

Liquidity Risk

RBI Loosens Constraints on Banks’ Bond-buying Activities

06/09/2020

The move will provide banks additional liquidity to buy more government bonds and help calm investors who are nervous about a sudden spike in yields.

Conduct, Culture & Accountability

Taiwan FSC Orders Probe into Securities Firm Over Broker Suicide

06/09/2020

The brokerage firm is reportedly under scrutiny because a stock broker claimed in a suicide note that he was instructed to place orders for clients through a separate laptop in the office.

Credit Risk

SEBI Asks Rating Agencies Not to Classify Restructured Debt as Default

06/09/2020

Credit rating agencies are asked not to consider debt restructured as a result of Covid-19 related stress as a default event.

Conduct, Culture & Accountability

CBIRC Issues Action Plan to Enhance Governance at Banks, Insurers

06/09/2020

The action plan outlines a series of targeted measures and an implementation timetable to improve corporate governance at banks and insurers.

Structural Regulation

CSRC Issues New Norms for Public Sale of Investment Funds

05/09/2020

The revisions will further improve the conduct for fund sales and strengthen internal controls at fund sales institutions, the CSRC says.

Structural Regulation

New Zealand Extends Overseas Investment Notification Requirement

04/09/2020

The notification regime allows the government to impose conditions on or block transactions that are contrary to New Zealand’s national interest.

Cloud & Infrastructure

Australia Senate Committee on Fintech, Regtech Publishes Interim Report

04/09/2020

The committee has categorised the material presented under: Covid-19 issues, tax, regulation, access to capital, skills and talent, and culture.

Trading & Investment

China Issues Draft Rules Easing Foreign Access to Bond Market

04/09/2020

The rules simplify application procedures for foreign bond investors, unify rules governing various investment channels, and optimise remittance and foreign exchange operations.