Capital / Liquidity

PBOC Directs State Banks to Extend More Credit to LGFVs

17/10/2023

State-owned banks are instructed to roll-over loans to local governments at reduced interest rates and to issue new loans to LGFVs so they can repay maturing debt.

AML / KYC

LEI Now Being Used in Digital Email Certificates

17/10/2023

GLEIF and Shanghai-based TrustAsia collaborated to issue the first S/MIME Certificate with an embedded LEI.

Securities / Derivatives

US SEC Publishes 2024 Examination Priorities Report

17/10/2023

Focus areas will include crypto-related securities, automated investment tools, artificial intelligence, trading algorithms, and investment adviser conduct.

Market Infrastructure

China Formally Shifts Some PBOC Responsibilities to NFRA

17/10/2023

The PBOC will no longer be responsible for financial consumer protection and supervision of financial holding companies.

Fintech / Regtech

US, Singapore to Deepen Collaboration on Responsible AI Innovation

17/10/2023

The US and Singapore completed a joint mapping exercise to make their AI governance frameworks interoperable.

Securities / Derivatives

China: First Insurance AMCs Allowed to Pilot Listed ABS Products

17/10/2023

Five insurance AMCs will be allowed to pilot the issuance of ABS and REIT products and list them on the SSE and SZSE.

ESG / Sustainability

Lessons on Green Banking from Crédit Agricole CIB

16/10/2023

New paper shares practices adopted by Crédit Agricole CIB to set up its green development strategy and integrating climate and sustainability into core banking.

Enforcement

MAS Issues Prohibition Orders Against Two Former Insurance Agents

16/10/2023

The former insurance representatives submitted a claim for a leg injury despite knowing it occurred before the insurance policy application.

Securities / Derivatives

Singapore, Shanghai to Collaborate on Asset Management

16/10/2023

IMAS and the Asset Management Association of Shanghai will collaborate to advance the development of their asset management industries.