Fintech / Regtech

Vietnam to Develop Legal Framework for Virtual Assets

31/03/2022

Vietnam’s prime minister has asked government ministries and the central bank to develop a legal and regulatory framework for virtual assets and electronic money.

Securities / Derivatives

MAS Publishes New Compliance Toolkit for CMS Licensees

31/03/2022

The toolkit is applicable to CMS licensees that deal in capital markets products, advise on corporate finance, or provide product financing, custodial services or credit rating services.

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.