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.

Securities / Derivatives

Singapore Tightens Requirements for Family Office Tax Breaks

19/04/2022

The new requirements are expected to slow the market’s growth but over time attract larger and more wealthy families to set up in Singapore.

Big Picture

SBTi Offers Guidance to FIs on Setting Net Zero Targets

19/04/2022

SBTi’s new paper provides principles, definitions, metrics, and target formulation considerations for FIs to set quantitative net-zero targets.

Capital / Liquidity

Bangladesh Bank Issues Provisioning Policy for ‘Other Assets’

19/04/2022

Banks will have to hold ‘bad debt’ level provisions against funds allocated for certain business expenditures if they sit on the balance sheet as ‘other assets’ for over a year.

Enforcement

China to Step Up Corruption Crackdown in Capital Markets

19/04/2022

So far this year, nine financial officials were expelled from the CCP, with some facing other disciplinary punishments including criminal prosecution.

ESG / Sustainability

FSA Issues Guidance to Japanese FIs on Using NGFS Scenarios

19/04/2022

The guidance will help Japanese financial institutions use of the NGFS scenarios to conduct climate-related financial risk analysis, the FSA said.

Securities / Derivatives

Japan to Remove Quarterly Reporting Requirements

19/04/2022

Legislation will be introduced in 2023 to remove a requirement for listed companies to provide the government with audited quarterly financial statements.

Market Infrastructure

China to Unify Domestic Markets to Prevent Unfair Competition

19/04/2022

China will cultivate a unified national ecological and environment market and create unified carbon emissions and water rights trading markets.