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.

Securities / Derivatives

SEBI to Amend IPO Framework, Introduce Bond Platform Rules

04/10/2022

At its board meeting, SEBI also decided to allow net settlement between the cash and derivatives segments, which will enable netting benefits and reduce margins.

China: Banks Directed to Boost Movable Asset-Based Financing

04/10/2022

New regulatory guidance calls on banks to offer businesses movable property- and rights-based financing, and to expand the types of collateral they accept for loans.

Fintech / Regtech

ISDA Nears Completion of Work to Digitise CFTC Reporting Rules

04/10/2022

ISDA working groups are transforming CFTC swap data reporting rules into machine-executable code ahead of implementation on 5 December.