Structural Regulation

SEBI Finalises Amendments to Investment Adviser Rules

07/07/2020

The final rules increase the net worth, qualification and experience requirements for investment advisers and introduce client-level segregation of advice and distribution activities.

Fraud, Scams & Cybercrime

FSS Korea Considers Legal Action Against HK Hedge Fund

07/07/2020

Large losses on leveraged positions at Hong Kong-based Gen2 Partners earlier this year prompted a liquidity squeeze and a freeze on early redemptions.

Anti-Money Laundering

S. Korea Uses AI, Big Data Analytics to Detect Tax Evasion

07/07/2020

A new AI-based big data analytics system will be used by the National Tax Service to detect cases of tax evasion using borrowed-name accounts.

Data Privacy

China Progresses Development of Data Security Law

07/07/2020

The draft law says the government will protect the rights of individuals and organisations over the use of their data.

Credit Risk

China Issues Final Rules on Handling Corporate Bond Defaults

07/07/2020

The final rules establish trustee managers, bondholder meetings and intermediaries as investor safeguards in the disposal of defaulted corporate bonds.

Credit Risk

CBIRC to Grade Banks on SME Credit Provisioning

07/07/2020

The first evaluation of how effectively banks are providing financial services to SMEs will cover 2019, and be completed by 31 October 2020.

Climate Risk

BOE Sets Deadline for UK Firms to Embed Climate Risk

07/07/2020

By end-2021, financial firms will have to be able to demonstrate that their approaches to managing climate-related financial risk have been implemented and embedded in their organisations.

Capital Adequacy

Taiwan FSC Proposes Rules Changes for Foreign Bank Branches

07/07/2020

The FSC proposes to allow loan loss provisions and reserves to be used in calculating net worth, accumulated losses and total deposits, which have a bearing on lending capacity.

Structural Regulation

BSP Set to Issue Digital Bank Licensing Framework

07/07/2020

Foreign individuals will be allowed to own up to 40% of a digital bank, while qualified foreign banks can own up to 100%.