Taiwan FSC to Propose New Regulations for BNPL Sector

08/01/2023

Lawmakers are concerned that the growth of the BNPL sector could lead to a crisis similar to the 2005/2006 credit card crisis in Taiwan.

Securities / Derivatives

First Bangladesh ETFs Secure Regulatory Approval – Report

07/01/2023

The ETFs will be actively managed, one by LankaBangla Asset Management and the other by Frontier Asset Management.

Fintech / Regtech

Korean Payment Firms Required to Improve Fee Transparency

07/01/2023

Ten payment services are required to disclose payment commission rates charged to businesses, including Naver Pay, Kakao Pay and Toss Pay.

Securities / Derivatives

China to Probe Corporate Bonds to Prevent Defaults

07/01/2023

Corporate bonds found to have debt repayment risks will be listed as “key focus objects” and subject to additional supervision by a special risk response team.

Crypto / Digital Assets

US SEC Objects to Binance Acquisition of Bankrupt Crypto Lender

07/01/2023

The SEC may be concerned about a possible co-mingling of funds between Binance’s US and global entities to fund the acquisition.

Capital / Liquidity

Indian Banks Can Withstand Even Severe Stress Conditions: RBI

07/01/2023

RBI stress tests for credit risk showed that commercial banks can meet minimum capital requirements even under severe stress situations.

CBIRC Proposes Updated Rules for Auto Finance Sector

07/01/2023

Auto finance companies will be allowed to set up overseas subsidiaries to provide financial services to Chinese automakers pursuing international expansion.

Market Infrastructure

China Allows Cities With Falling Home Sales to Lower Mortgage Rates

06/01/2023

China’s FSDC has also told banking and securities regulators to ensure extra support is provided to “systemically important” property developers.

Enforcement

Taiwan FSC Fines Cathay United Bank Again Over Outages

06/01/2023

The fine is the highest ever imposed against a bank by the FSC for IT-related issues. The bank’s president will also have his salary cut for three months.