Capital / Liquidity

EU Regulators to Assess Bank Dividend Plans ‘Case-by-Case’

17/10/2022

Steven Maijoor, who serves on the ECB’s supervisory board, said regulators are asking banks to be restrained with dividends and share buybacks.

Fintech / Regtech

India Establishes Protocols for Interoperable Regulatory Sandbox

17/10/2022

The interoperable regulatory sandbox will enable firms to test innovative products and services that fall under multiple financial sector regulators.

Fintech / Regtech

China to Interlink All Credit Reporting Systems Nationwide

17/10/2022

The PBOC will establish connectivity between all credit reporting systems and platforms nationwide, so data on each economic entity can be combined into a single “credit file”.

Securities / Derivatives

Philippine SEC Authorises Country’s First Corporate Debt Vehicle

17/10/2022

The fund will exclusively invest in debt securities such as bonds, notes, commercial paper, debentures, and other evidence of indebtedness.

Securities / Derivatives

SEBI Issues Framework for Dealing with CRA Licence Cancellations

17/10/2022

The new framework comes after SEBI for the first time cancelled the licence of a CRA, Brickwork Ratings India, and ordered it to wind down its operations within six months.

ESG / Sustainability

ABS Launches Sustainability Guidelines for Private Banking

17/10/2022

A common industry training benchmark has also been established to help upskill private banking relationship managers in the area of sustainability.

Securities / Derivatives

Taiwan: 12 Fund Managers Selected to Receive Policy Concessions

17/10/2022

Ten foreign fund managers and two investment trust companies will receive preferential treatment for one year.

Enforcement

Hong Kong Court Convicts Former Fulbright Securities AE

17/10/2022

The former account executive, banned for life in 2017, pleaded guilty to employing a fraudulent scheme involving securities transactions in eight stocks.

AML / KYC

FCA Fines UK Challenger Bank for Weak AML Controls

17/10/2022

Gatehouse Bank failed to perform appropriate checks on customers based in high-risk countries and customers that were classified as PEPs.