Hong Kong Enhances, Extends SME Financing Guarantee Scheme

31/03/2022

The maximum loan amount per enterprise under the Special 100% Loan Guarantee will be raised and the maximum repayment period will be extended.

ESG / Sustainability

Indian Banks ‘Unprepared’ to Fight Climate Change: Report

31/03/2022

A report from Climate Risk Horizons finds that most Indian banks have not yet factored climate change into their business strategies.

Enforcement

CSRC Revokes Licences of Two Investment Consulting Firms

31/03/2022

The two well-established securities investment consulting firms were found to have disseminated false or misleading information to investors.

Capital / Liquidity

MAS Proposes Revisions to Bank Capital Disclosure Requirements

31/03/2022

The changes reflect the final Basel III reforms and will improve the consistency and comparability of disclosures across Singapore incorporated banks.

Securities / Derivatives

HKEX Enhances Third Party Clearing Arrangement for HKFE Contracts

31/03/2022

As of Monday, non-clearing participants can appoint more than one general clearing participant to clear and settle HKFE contracts.

Fintech / Regtech

RBI to Require Geo-Tagging of Payment System Touch Points

31/03/2022

Banks and payment system operators will have to capture, maintain and report the geographical coordinates of all payment touch points deployed by merchants.

Securities / Derivatives

HKMA Updates Trade Reporting Specifications for OTC Derivatives

30/03/2022

A revised Administration and Interface Development Guide will take effect from 19 December 2022, taking into account pandemic-related operational challenges.

AML / KYC

US Lawmakers Probe Credit Suisse Russia Business

30/03/2022

The lawmakers are concerned that Credit Suisse may be concealing information about sanctions evasion by Russian oligarchs.

Crypto / Digital Assets

BOT Offers Update on Transition to Sustainable Digital Economy

29/03/2022

The BOT will publish a virtual bank licensing framework by Q2 2022, and directions on its open banking policy in Q3 2022.