Capital / Liquidity

BSP Amends Rules on Single Borrower Limit to Boost Lending

09/01/2023

Banks won’t need approval to exclude credit exposures from the SBL if they are covered by credit risk transfer arrangements such as guarantees or credit derivatives.

Crypto / Digital Assets

US SEC Probes Due Diligence Practices of FTX Investors

09/01/2023

Venture capital firms and investment funds that invested in FTX may face scrutiny about whether they met their fiduciary duties to their own investors.

AML / KYC

Korea FSS Offers Guidance for Auditors on Detecting Corporate Fraud

09/01/2023

The FSS produced the guidance by analysing three years of cases where fraud and embezzlement were detected by external auditors.

Securities / Derivatives

China Planning to Relax Borrowing Restrictions for Developers – Report

09/01/2023

Regulators are reportedly planning to ease borrowing caps on some property firms and extend the deadline for meeting debt targets set by the “three red lines” policy.

Crypto / Digital Assets

Indonesian Regulator Bappebti Seeks to Launch Crypto Exchange

09/01/2023

Bappebti is seeking to establish a new crypto exchange for Indonesian users before its regulatory powers over the sector are transferred to the OJK.

ESG / Sustainability

India to Issue First Sovereign Green Bonds on 25 January

09/01/2023

There will be no limit on overseas investment in the $1.9bn sovereign green bond issuance. Five percent of the sale will be reserved for retail investors.

ESG / Sustainability

Hong Kong Raises $5.8b in Asia’s Largest Green Bond Issuance

09/01/2023

Hong Kong is the first government issuer in Asia to issue green bonds in three currencies concurrently, said Financial Secretary Paul Chan.

HKMA Raises Bar on Banks’ Complaints Handling Protocols

08/01/2023

Banks are expected to proactively make use of alternate dispute resolution channels when complaints cannot be resolved through their internal mechanisms.

Sanctions

Taiwan Expands Export Controls Against Russia, Belarus

08/01/2023

The export controls are aimed at preventing Taiwan’s high-tech products from being used for military purposes.