RBI Allows More NBFCs to Undertake Factoring Business

23/01/2022

The change will increase the number of NBFCs eligible to undertake factoring business from 7 to 182.

Securities / Derivatives

ASIC Proposes Revisions For ETP Naming Conventions

23/01/2022

ASIC proposes to revise the ETP naming conventions by dividing them into two levels of labelling: primary labels and secondary labels.

Fintech / Regtech

Korea FSS Vows to Increase Support for Fintech Industry

23/01/2022

The FSS will push for the enactment of a so-called “Fintech Nurturing Act”, which will ease restrictions on investment in fintech firms by financial companies.

Securities / Derivatives

TAIFEX to Raise Margin Levels on All Futures Contracts

23/01/2022

Margin levels on equity index, commodity, FX and ETF contracts will be raised by 10 percent from 26 January.

Crypto / Digital Assets

Laos Central Bank Authorises Crypto Exchange Platforms

23/01/2022

Cryptocurrency exchange platforms Lao Digital Assets Exchange and Bitqik are expected to start providing services in April.

Fintech / Regtech

Singapore, Indonesia to Deepen Cooperation on Payments, AML

22/01/2022

MAS and Bank Indonesia will deepen cooperation on payments innovation, monetary policy, macroprudential policy, financial stability, and AML/CFT.

Chinese Private Banks Violating New Online Lending Rules

21/01/2022

New rules which took effect from 1 January prohibit local and regional banks from extending online loans to borrowers outside of their operating territories.

PBOC Cuts Benchmark Rates to Spur Lending, Economy

21/01/2022

The LPR was lowered for the first time since April 2020 after data showed a worsening outlook for the property sector and weaker consumer activity.

AML / KYC

Malaysia Receives KPMG Payment to Settle 1MDB Claims

21/01/2022

The 1MDB funds recovered so far are only enough to pay off the principal owed for 2022. The remaining debt will continue to be bourne by the government.