Capital / Liquidity

Japan Passes Law to Allow Intangible Assets as Loan Collateral

12/06/2024

The law will enable businesses to obtain loans backed by future cash flows and other intangible assets such as intellectual property.

Capital / Liquidity

Japan FIs Asked to Be “Sympathetic” When Covid Measures End

12/06/2024

FIs are asked to continue supporting business revitalisation efforts when the pandemic support measures expire at the end of June.

Crypto / Digital Assets

FSC Korea to Establish Dedicated Virtual Assets Division

12/06/2024

The new division is being created as a temporary organisation to establish an effective disciplinary system for the virtual asset market.

Hong Kong, Singapore to Strengthen Cooperation on Scam Calls

11/06/2024

Hong Kong’s OFCA and Singapore’s IMDA have signed an MoU to strengthen their cooperation in combating scam calls and messages.

Uncategorised

HSBC Agrees to Raise Stake in China Fund Venture

11/06/2024

HSBC will raise its stake in HSBC Jintrust Fund Management from 49 to 80 percent, subject to regulatory approval.

HSBC Completes Acquisition of Citi’s China Wealth Business

11/06/2024

HSBC has completed the acquisition of Citigroup’s mainland retail wealth management portfolio, a deal that was announced last October.

Enforcement

Industry Body Sues US SEC for Records on WhatsApp Probe

11/06/2024

The American Securities Association seeks to force the SEC to disclose information that was considered when determining the penalties.

Enforcement

China: Four More Officials Facing Prosecution for Taking Bribes

11/06/2024

A former banking regulator and two other ex-officials from ICBC and Citic Group were found to have accepted bribes, the CCDI said.

Fintech / Regtech

UK PSR Rejects Calls to Delay Fraud Reimbursement Rules

11/06/2024

Interim head of the PSR, David Geale, said there was a need to “act quickly” on APP fraud and that the new rules would be introduced in October as planned.