RBNZ Proposes to Reduce ‘Burden’ of Preparing Assurance Reports

20/01/2022

The RBNZ proposes changes to make assurance reports on bank disclosure statements easier to navigate, more readable, and easier to prepare.

AML / KYC

MAS, ABS Announce Measures to Bolster Online Banking Security

20/01/2022

Singapore banks will put in place the more stringent measures within the next two weeks, and work on more permanent solutions in the coming months.

Securities / Derivatives

CMB Backed SPAC Applies for Hong Kong Listing

20/01/2022

The SPAC listing application was made by Aquila Acquisition Corporation, whose ultimate parent is China Merchant Bank.

Securities / Derivatives

Bursa Malaysia Enhances Rules on Board Independence, Diversity

19/01/2022

The rule amendments limit board tenure to 12 years, require the appointment of at least one woman director, and enhance transparency on board appointments.

ESG / Sustainability

Deutsche Börse, GFEX to Cooperate on Carbon Market Development

19/01/2022

Deutsche Börsem, including European Energy Exchange, will explore opportunities to cooperate with and Guangzhou Futures Exchange to develop green finance products and services.

Fintech / Regtech

BSP to Enhance Policy Formulation Through Big Data

19/01/2022

The BSP has partnered with the University of the Philippines to develop a News Sentiment Index, which will lead to more targeted policy formulation.

Crypto / Digital Assets

IOSCO Calls for Greater Use of Global Supervisory Colleges

19/01/2022

Global supervisory colleges can help strengthen cooperation between regulators, promote information sharing, and address market fragmentation.

Vietnam, Laos to Step Up Cooperation in Banking Supervision

18/01/2022

The SBV and BOL will cooperate on the sharing of information, cross-border banking supervision, on-site examinations, and crisis management.

Enforcement

Taiwan to Raise Penalties for Violations by Securities Firms

18/01/2022

The FSC is also lowering the threshold that triggers substantial shareholding declarations to promote greater transparency.