Chinese Regulators Uneasy Over Surge in Early Mortgage Repayments

09/02/2023

The mortgages are being repaid early due to high interest rates and low returns from wealth management products. Early repayment affects bank profits and reduces consumption.

Fintech / Regtech

Thailand Securities Depository Enhance Digital Services

09/02/2023

TSD enhanced its Investor Portal and launched a new service that provides shareholder meeting notices and documents in electronic format.

Korea Enhances Loan Refinancing Programme for Small Business

09/02/2023

From March, the programme can be used by more small businesses. Loan limits and the permitted tenure will also be doubled.

Fintech / Regtech

US Treasury Calls for Caution When Adopting Cloud Tech

09/02/2023

Treasury’s report highlights concerns over market concentration in cloud service offerings, among other challenges that could detract from their benefits.

Capital / Liquidity

Korea FSS to Target Bank Governance in 2023 Workplan  

09/02/2023

Among the key tasks in the workplan, the FSS will work to strengthen governance structures, compensation systems, and internal control capabilities of banks.

Enforcement

ASIC to Restructure to Enable Faster Enforcement Decisions

09/02/2023

ASIC will streamline its business groups and reduce the number of divisions to make its enforcement approach more strategic and free up funding for technology investments.

Crypto / Digital Assets

US SEC Close to Settling Probe Against Crypto Firm Kraken

09/02/2023

Commissioner Hester Peirce says the SEC “has not done a good job” in providing regulatory clarity on crypto.

ESG / Sustainability

Carbonplace Gets Further Backing from Nine Banks

09/02/2023

The investment will go towards the development of a global carbon credit transaction network that will launch later this year.

Market Infrastructure

ION Brings Traders Back Online Following Ransomware Attack

09/02/2023

Exchanges are reporting business as usual, though ION is said to be rebuilding its systems. Cybersecurity firm Crowdstrike will validate.