ASIC Finalises New Complaints Data Reporting Framework

31/03/2022

Under the framework, 11 large financial firms will be required to report internal dispute resolution data to ASIC for the first time by 28 February 2023.

Vietnam Considers Allowing Organisation to Lend Overseas

31/03/2022

Economic organisations will be allowed to provide offshore loans provided they comply with relevant laws and receive approval from the Prime Minister’s office.

Enforcement

Singapore Police, Banks Step Up Scam Intervention Efforts

31/03/2022

In a four-day operation last week, the police and five banks intervened in 150 scam cases, which resulted in the arrests of 35 individuals.

Capital / Liquidity

RBNZ Satisfied with ANZ NZ Governance Improvements

31/03/2022

ANZ has “invested heavily” in its director attestation framework remediation uplifted its overall governance capabilities.

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.