Fintech / Regtech

Korea to “Significantly Expand” MyData Information Items

25/10/2022

The MyData service will be expanded to include information on tax payments, public pensions, loan deferrals, and more insurance data.

Enforcement

Credit Suisse Clears Litigation Docket Ahead of Overhaul

25/10/2022

Credit Suisse has been cleared of FX rigging charges and settled separate cases with French and US prosecutors.

Capital / Liquidity

RBNZ Defers Dual Reporting Requirements for IRB Banks

25/10/2022

Dual reporting requirements for IRB banks are now expected to come into force for disclosure statements with reporting dates of 30 June 2023 or later.

Securities / Derivatives

Thai SEC to Improve Efficiency of Private Placements

25/10/2022

The SEC proposes to scrap requirements for firms to seek approval for private placement offerings, provided other investor protections are in place.

Capital / Liquidity

Taiwan FSC Defers New Capital Rules for Non-life Insurers

25/10/2022

Implementation of requirements for non-life insurers to set aside more capital to guard against catastrophe risks have been postponed.

Securities / Derivatives

SEBI Permits Stockbrokers to Place Client Bids on RFQ Platforms

25/10/2022

Stockbrokers will be allowed to place bids on stock exchanges’ RFQ platforms on behalf of clients from 1 January 2023.

Capital / Liquidity

MAS Proposes Methodology to Assess Systemic Importance of Insurers

25/10/2022

D-SIIs will be required to meet higher capital and enhanced corporate governance requirements, and establish RRPs and robust risk management information systems.

Fintech / Regtech

Thai SEC, DFSA Sign MOU on Fintech, Innovation Cooperation

25/10/2022

The agreement will help to promote cooperation on financial services regulation and fintech and regtech innovations.

Bangladesh Bank Directs Banks, NBFIs to Prepare Citizen’s Charters

25/10/2022

Citizen’s charters should be displayed on the websites of banks and NBFIs, as well as in their head offices and every branch.