Trading & Investment

Australia: Banks Fail to Pass Rate Cuts to Credit Card Customers

10/06/2020

The credit cards with the largest rate increases are those backed by Citigroup, Members Equity Bank, Police Credit Union, and ANZ, according to consumer advocacy group CHOICE.

Sustainable Finance

ICMA Releases Guidance for Issuers of Sustainability-Linked Bonds

10/06/2020

Sustainability-linked bonds are performance-based bond instruments where the issuer is committing to future improvements in sustainability outcomes within a predefined timeline.

Trading & Investment

Thailand SEC Supports LuxSE Listings by Domestic Firms

10/06/2020

Thai bond issuers can list their securities on LuxSE’s BdL or Euro MTF; or alternatively obtain a profile listing on the SOL to gain visibility on the Luxembourg Green Exchange.

Supervision & Enforcement

Indian Court Halts Franklin Templeton Fund Liquidation

10/06/2020

Franklin Templeton had planned to allow unitholders to vote on whether to allow six shuttered funds to be liquidated, but the Court says it must first release a forensic audit report on the funds in question.

Data Privacy

FSC Korea Opens Applications for New Data Specialist Designation

10/06/2020

Designated ‘data specialising institutions’ will be able to use anonymised and pseudonymised customer data for statistical and industry research and for public documentation purposes.

Credit Risk

CBIRC Eases Loan Loss Provisioning Requirements – Report

10/06/2020

The CBIRC has reportedly told small and midsize banks they can reduce the amount of capital they need to set aside to cover potential losses from loan defaults.

Structural Regulation

Regulatory Change a Challenge for Hong Kong Fund Managers

10/06/2020

Overregulation is an issue for some fund managers in Hong Kong, but the industry is also calling for greater regulatory clarity around GBA initiatives and ESG standards, according to a KPMG-HKIFA survey report.

AI Risk & Governance

BOK to Form Dedicated Digital Innovation Division

09/06/2020

The new division will study the use of AI and big data to deliver more sophisticated economic forecasts and statistical data, and ramp up efforts to develop CBDC capabilities.

Structural Regulation

China to Develop Hainan Province into Global Free Trade Port

09/06/2020

The first phase of the plan will focus on liberalising trade and cross-border investment, starting with the launch of QDLP and QFLP pilot programmes.