China Banks Directed to Ramp Up Lending for Property Projects

24/11/2021

Financial regulators have reportedly instructed banks to issue more loans to property firms for project development, and accelerate loan approvals.

Fintech / Regtech

India: GIFT City Regulator Wins Approval to Set Up Suptech Fund

24/11/2021

The IFSCA also received approval for a new headquarters building. GIFT City’s new gold bullion exchange is expected to launch in January.

Securities / Derivatives

CSRC to Expand Sponsor Obligations on Due Diligence

24/11/2021

New draft guidelines seek to ensure better quality information disclosures for listed companies by expanding the scope of sponsors’ responsibilities.

AFCA Launches Benchmarking Tool for Complaints Resolution

23/11/2021

The platform enables FIs to track complaints resolution and compare their performance against an anonymised set of similar financial firms.

Securities / Derivatives

IOSCO Issues Final Report on Regulating ESG Ratings & Data

23/11/2021

Regulators should promote more transparency regarding the methodologies that ESG ratings and data product providers use, IOSCO says.

Capital / Liquidity

FSB Publishes 2021 List of Global Systemically Important Banks

23/11/2021

JP Morgan, BNP and Goldman have moved to higher buckets, meaning they will have to hold larger capital buffers from 1 January 2023.

Korea FSS Asks Banks to Review Rate Setting Practices

22/11/2021

Banks are also asked to allow borrowers to demand rate adjustments when their wealth increases or credit ratings improve.

Securities / Derivatives

Philippines Set to Issue First Sovereign Green Bonds

22/11/2021

The Department of Finance is finalising a sustainable finance framework for the issuance of the Philippines’ first-ever sovereign green bonds.

Securities / Derivatives

Bursa Malaysia Appoints ICDM to Facilitate Director Accreditations

22/11/2021

First-time directors of listed companies and directors of newly-listed companies must complete an enhanced accreditation programme starting in 2022.