PBOC Modifies Re-Lending Support Facilities for Small Businesses

04/01/2022

The two new tools are more market-based versions of measures that have already been in place to help small and micro enterprises.

Enforcement

Mizuho Bank Reports 9th System Failure for 2021

04/01/2022

The failure was attributable to an error in Mizuho’s system settings for transactions occurring at night and on holidays, impacting ATM and online banking operations.

PBOC Disburses First Loans to Fund Emission Reduction Projects

04/01/2022

CNY 85.5 billion was distributed under a lending facility that allows banks to apply for cheap funding to lend out to businesses for emission reduction projects.

Securities / Derivatives

JSDA to Propose Shorter Time-to-Market for Japan IPOs – Report

04/01/2022

The JSDA will propose that IPO subscriptions be allowed during book-building, rather than having investors wait until the offer price is determined.

Securities / Derivatives

BOK Selects 2022 Market Makers for Won-Yuan Direct Market

04/01/2022

Six domestic banks and five foreign banks were selected to serve as market makers of the KRW-RMB direct trading market in 2022.

Securities / Derivatives

Malaysia Raises Stamp Duty on Stock Transactions

03/01/2022

The stamp duty on share contract notes has been raised from 0.1 percent to 0.15 percent, subject to a MYR 1,000 cap.

Enforcement

Taiwan FSC Fines Three Banks Over Client Fund Embezzlement

03/01/2022

CTBC Bank was fined TWD 14 million, Bank SinoPac was fined TWD 4 million, and Bank of Panhsin was fined TWD 2 million.

Fintech / Regtech

IndusInd Bank, NPCI Partner on UPI-based Cross Border Payments

03/01/2022

Initially, real-time remittances from Thailand to India will be enabled via DeeMoney, a Thailand-based money transfer operator and partner of IndusInd Bank.

Securities / Derivatives

CCB Issues First Green Bond Under Common Ground Taxonomy

03/01/2022

$500mn worth of floating rate senior green notes were issued by China Construction Bank’s Macau branch using the China-EU Common Ground Taxonomy.