APRA Revises Reporting Frequency for New Operational Risk Standard

24/01/2022

APRA is revising the reporting frequency for the new operational risk standard from quarterly to annually.

China Considers Measures to Free Up Real Estate Cash

24/01/2022

Regulators are considering allowing real estate developers to access cash held in escrow from pre-sales of uncompleted properties.

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.