Capital / Liquidity

UK Postpones Consultation Signalling Basel III Implementation Delay

03/11/2021

Implementation of the final Basel III requirements will not take place in the UK according to the globally agreed timeline.

Big Picture

Regtech Can Boost Development of Green Finance Markets – Report

03/11/2021

Regulatory challenges are hindering widespread acceptance of green finance products, says a new paper from FTAHK and LITE Lab@HKU.

AML / KYC

Japan to Require Companies to Disclose Major Shareholders

03/11/2021

Banks will be able to ask companies to submit information about their major shareholders when opening accounts or making loans.

Hong Kong Ends Quarantine Exemptions for Senior Finance Execs

03/11/2021

Listed company directors and senior financial industry executives will no longer be able to skip hotel quarantine procedures upon entry into Hong Kong.

Securities / Derivatives

IOSCO Finalises Guidance on Preventing Greenwashing in Funds

03/11/2021

IOSCO provides five recommendations for regulators to consider as they develop sustainability-related rules and regulations for asset managers.

Securities / Derivatives

Japan Unifies Licensing System for Financial Services

03/11/2021

The change will allow agents of financial service firms to sell financial products such as loans, investments and insurance under a single license.

Fintech / Regtech

OJK Indonesia Directs Banks to Prioritise Digital Transformation

02/11/2021

OJK says banks need to prioritise digital transformation to improve their competitiveness and ensure the overall resilience of the banking sector.

Capital / Liquidity

PBOC, CBIRC Establish Final TLAC Rules for Chinese G-SIBs

02/11/2021

China’s G-SIBs must have total loss-absorbing capacity amounting to at least 16% of RWA and a leverage ratio of 6% by 1 January 2025.

Enforcement

SFC Fines Fulbright Securities Over Internal Control Failures

02/11/2021

Fulbright Securities breached regulatory requirements when processing placement subscription applications for a Hong Kong-listed company in August 2018.