Australia Releases Report Addressing Bank Branch Closures

05/10/2022

The report says banks need to improve communication and support provided to local communities when regional branches close or their hours are reduced.

AML / KYC

Basel AML Index: Progress in AML/CFT Remains “Paralysed”

05/10/2022

New Zealand, Australia, Taiwan and Singapore received the best ML/TF risk scores among APAC jurisdictions in the latest Basel AML Index.

ESG / Sustainability

Thai Stock Exchange Launches New ESG Data Platform

05/10/2022

Phase one allows listed companies to submit ESG data to the platform. Phase two will enable the distribution of ESG data to the public domain within the Q2 2023.

ESG / Sustainability

MAS Announces Initiatives to Promote Blended Finance

05/10/2022

S$5mn in grants will fund innovations in blended finance. The GFANZ APAC Network will develop guidance for FIs on phasing out coal power.

Australia Consults on Possible Changes to ASIC Funding Model

04/10/2022

Discussion paper asks whether there are opportunities to simplify the design, structure, and legislative framework for ASIC’s industry funding model.

Capital / Liquidity

RBI Categorises 16 Large NBFCs in Upper Layer

04/10/2022

The NBFCs are directed to put in place a board approved policy for adoption of the RBI’s enhanced regulatory framework for NBFCs within 24 months.

Enforcement

China FX Regulator Fines Ten Banks for Violations

04/10/2022

China Development Bank was handed the largest penalty, amounting to CNY 42.7 million. The other nine banks were fined a combined CNY 6.6 million.

Securities / Derivatives

HKSCC Calls for Applicants to Become Authorised Brokers

04/10/2022

Authorised brokers will deal in securities on HKSCC’s behalf. Up to 10 participants will be appointed and expected to start providing services tentatively in Q3 2023.

ESG / Sustainability

TWSE Issues Governance Guidance for Listed Company Directors

04/10/2022

The guidance provides a reference for how independent directors should be selected, how they should perform their duties, and their role in audit committees.