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Fintech / Regtech
Singapore-India Real-time Payments Launch Delayed to December
12/09/2022
At least five Indian banks are reportedly in talks with Singapore’s DBS regarding the PayNow-UPI linkage, which was initially meant to launch in July 2022.
Securities / Derivatives
Credit Suisse Secures Deal to Fully Acquire China Securities JV
12/09/2022
The deal would make Credit Suisse the latest global bank to control 100% of its onshore securities venture after JP Morgan and Goldman Sachs.
Fintech / Regtech
HKMA, BOT Exploring Cross-border Payments Arrangement
12/09/2022
Visitors would be able to use their home faster payment system to pay for shopping and food in each other’s markets via their mobile phones.
Capital / Liquidity
PBOC, CBIRC Publish 2022 List of D-SIBs
12/09/2022
China Minsheng Banking Corp was moved from Group 2 to Group 1, lowering its additional capital requirement.
US Appeals Court Rules for Citi in Revlon Dispute
12/09/2022
The court ruled that Revlon lenders cannot keep USD 500 million they were sent in error by Citigroup, which was acting as the loan agent.
Enforcement
Taiwan FSC Fines Taishin Bank Over Debt Collection Mistakes
12/09/2022
The bank has been incorrectly sending debt collection notices to non-debtors for ten years due to poor internal controls, the FSC said.
Fintech / Regtech
BOT Orders TMBThanachart to Improve Following Two-day Outage
12/09/2022
The bank is directed to submit a report to BOT explaining the two-day mobile banking app outage, and to prepare a plan to prevent a recurrence.
Crypto / Digital Assets
DBS to Expand Crypto Offerings to More Clients – Report
11/09/2022
CEO Piyush Gupta says DBS will soon offer crypto services to 300,000 other clients across Asia such as private banks, accredited investors, exchanges and funds.
Capital / Liquidity
China: Big Four Banks Report 50pc Increase in Property NPLs
11/09/2022
Beyond the more than 50 percent increase in bad property loans year-on-year, the banks are also seeing weaker loan demand from corporate and retail clients.
ESG / Sustainability
Thailand Publishes CFA’s ESG Disclosure Guidelines for Local Use
09/09/2022
SEC secretary-general Ruenvadee Suwanmongkol said the guidelines would enhance ESG disclosures, improve capital markets, and mitigate greenwashing.
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