ESG / Sustainability

ABS Launches Environmental Risk Questionnaire for Banks

21/04/2022

The ABS has launched an industry standard template to help banks engage corporate clients in the assessment and mitigation of environmental risk issues.

Market Infrastructure

LIBOR Transition Challenges Remain in APAC Loans Market

21/04/2022

In a survey of APLMA member institutions, more than half of respondents said they would not complete remediation of their legacy book until H1 2023.

Capital / Liquidity

Thailand Asks State Banks to Help Debtors with NPLs

21/04/2022

Five state banks are asked to grant defer repayments and grant new loans to debtors who are already past due on old debt.

Crypto / Digital Assets

Australia to Launch First Crypto ETFs Next Week

21/04/2022

Cosmos Asset Management will issue an ETF offering indirect exposure to Bitcoin. 21Shares will offer direct crypto exposures through a Bitcoin ETF and an Ether ETF.

RBI Issues New Rules on NBFC Compliance Function

21/04/2022

Upper and middle layer NBFCs have until 1 October 2023 to install a compliance function and chief compliance officer.

Fintech / Regtech

Japan FSA Publishes Research on Overseas Data Collection Platforms

20/04/2022

A survey of overseas authorities was conducted to inform the development of a “joint data platform” that will be used by both the FSA and BOJ.

AML / KYC

20 Year Old Pleads Guilty in OCBC Phishing Scam Case

20/04/2022

The individual worked with other youths to provide overseas syndicates control of bank accounts that were used to receive and dissipate funds obtained through scams.

Big Picture

WFE Publishes Paper on Human Rights Disclosure Practices

19/04/2022

The paper addresses social washing concerns and offers guidance for exchanges on reporting against human-rights related reporting frameworks.

Capital / Liquidity

PBOC, SAFE Step Up Support for Covid-Hit Economy

19/04/2022

Banks are asked to increase lending, delay loan repayments, defer overdue loan reclassification, and support infrastructure projects and property developers.