Capital / Liquidity

China Tightens Rules for ‘Major’ Money Market Funds

21/02/2023

Money market funds with over CNY 200 billion in net assets or over 50 million investors will have to meet additional regulatory requirements and enhance their ability to resist risks.

Financial Firms Must Keep Better Accounting Records: NZ FMA

21/02/2023

The guidance is designed to help financial service providers address “emerging and persistent issues” in financial reporting, the FMA said.

Australia Proposes Enhanced Protections for SACC Consumers

21/02/2023

The amendments are designed to ensure consumers of SACCs and consumer leases are not left unable to meet their basic needs or other financial commitments.

Fintech / Regtech

Singapore, India Launch Real-time Payments Linkage

21/02/2023

The service is available in Singapore via DBS and Liquid Group, and in India via Axis Bank, DBS India, ICICI Bank, Indian Bank, Indian Overseas Bank and State Bank of India.

Enforcement

CBIRC Imposes Fines on Five Banks for Regulatory Violations

21/02/2023

China Construction Bank, Bank of China, Standard Chartered China, China Minsheng Bank and China Bohai Bank were fined a combined CNY 387.9 million.

Fintech / Regtech

RBI Launches Second Global Digital Innovation Hackathon

21/02/2023

The problem statements relate to digital banking services, priority sector lending, CBDC transactions, and blockchain scalability.

ESG / Sustainability

Bursa Malaysia to Drive Carbon Market Ecosystem Development

21/02/2023

A handbook on generating carbon credits will be developed, as well as a directory of carbon industry service providers to facilitate collaboration.

Market Infrastructure

PBOC Issues Draft Rules for Northbound Swap Connect Trading

20/02/2023

To participate in Swap Connect and trade interest rate derivatives with Mainland investors, foreign investors will need approval to access the interbank bond market.

Securities / Derivatives

CSRC Issues New Rules for Overseas IPOs by Mainland Firms

20/02/2023

The rules allow companies to choose an overseas listing destination for their IPOs, but require them to first register the intention with the CSRC, which will vet the applications.