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.

Securities / Derivatives

NZ FMA Concerned Over Retail Involvement in Stock Lending

09/09/2022

The FMA says investors should make sure the risks and returns are properly explained before they allow their shares to be lent out.

Australia to Reverse Regulations for Litigation Funders

09/09/2022

Litigation funding schemes will regain exemptions from requirements to hold an AFS licence and be subject to the same regulations as managed investment schemes.

Capital / Liquidity

Korea FSS Conducting Daily Checks on Bank FX Liquidity

09/09/2022

While foreign currency liquidity levels at local banks have remained high, the FSS wants to be able to detect signs of a future liquidity shortage early.