BNM Proposes Rules for Hiring Insurance, Takaful Agents

30/04/2022

Insurers and takaful operators must undertake a due diligence process that includes reference checks with all of an agent’s current and former employers.

Market Infrastructure

CSRC Proposes to Tighten Rules on Cybersecurity Management

30/04/2022

Securities and futures firms will have to establish risk monitoring and early warning systems, and strengthen daily vulnerability scanning and security assessments.

ESG / Sustainability

Philippine SEC Implores Listed Firms to Improve Board Diversity

29/04/2022

The SEC said having women represented on the board is a good corporate governance practice and more listed companies should strive to achieve greater boardroom diversity.

Capital / Liquidity

Bangladesh Banks Warned Against Overly Generous Interest Waivers

29/04/2022

The central bank says some banks are waiving interest on loans too generously, a practice which could lead clients to lose interest in timely repayment.

ESG / Sustainability

FSB Issues Guidance for Regulators on Climate-related Risks

29/04/2022

The report offers recommendations for monitoring, managing and mitigating climate-related risks to promote consistent approaches across sectors and jurisdictions.

Fintech / Regtech

BNM Awards Digital Bank Licences to Five Applicants

29/04/2022

The licence winners include Axiata’s Boost Holdings, RHB Bank, Grab-Singtel’s GXS Bank, Kuok Brothers, Sea Limited, YTL Digital Capital, AEON, MoneyLion, and KAF Investment Bank.

HKMA Launches New Initiative to Address Banking Talent Gap

29/04/2022

The initiative is aimed at growing the banking sector talent pool in three areas, namely fintech, green and sustainable finance, and GBA business.

Enforcement

MAS Offers Update on Major Ongoing Investigations

29/04/2022

MAS’ latest enforcement report includes a new section providing updates on cases relating to Noble Group, Hyflux, Eagle Hospitality Trust, and Hui Xun Asset Management.

Crypto / Digital Assets

ASX to Align Rulebooks for Investment Products

29/04/2022

Having three different rulebooks for investment products opens the door to inconsistent treatment, rule arbitrage, and confusion for issuers and investors.