Securities / Derivatives

India Mutual Funds to Start Ind AS Reporting from April 2023

10/02/2022

From 1 April 2023, all AMCs will be required to prepare the financial statements in accordance with Indian Accounting Standards, known as Ind AS.

ESG / Sustainability

Thai SEC, UNDP Agree to Support Sustainable Capital Markets

10/02/2022

The UNDP and SEC will co-create a web-based tool to help listed companies measure and manage their impact on the SDGs, among other tools.

AML / KYC

PBOC Fines MYbank for AML and Other Violations

10/02/2022

MYbank failed to perform customer identification obligations, preserve identity information and transaction records, and report suspicious transactions.

Capital / Liquidity

PBOC Eases Rules on Loans for Affordable Housing Construction

10/02/2022

Loans to fund public rental housing projects will no longer be subject to rules that require banks to reduce their loan exposures to the property sector.

ESG / Sustainability

MAS, IBF Develop Skills Framework for Sustainable Finance

10/02/2022

Technical skills and competencies have been set out for FIs to use to upskill finance professionals and build deeper talent pools for sustainable finance.

Market Infrastructure

China Issues Five Year Plan for Financial Standardisation

10/02/2022

The plan envisions the development of a financial standard system that is in line with international standards and driven by market forces, led by the government.

AML / KYC

Thai SEC Calls on Crypto Businesses to Improve Cybersecurity

09/02/2022

The SEC reminds crypto businesses to bolsters their cybersecurity systems, safeguard customer assets, and comply with IT audit and penetration testing requirements.

Capital / Liquidity

Korean Banks Resist Pressure to Increase Loan Loss Provisions

09/02/2022

Banks are concerned that higher provisions for loan losses will hamper their growth momentum and end up reducing shareholder dividends.

Securities / Derivatives

Bursa Malaysia Teams Up with HSBC Islamic Bank on ESG Adoption

09/02/2022

Under a new MoU, Bursa Malaysia will collaborate with HSBC Amanah in developing sustainability-linked Islamic financial products and ESG solutions for listed companies.