Fintech / Regtech

PBOC Outlines 2022-2025 Fintech Development Plan

07/01/2022

The plan includes measures to strengthen fintech governance, enhance data capabilities, and establish a new ‘green’ data centre.

Securities / Derivatives

SEBI Finalises Tighter Rules on Use of IPO Proceeds

06/01/2022

Anchor investors can only sell 50 percent of their allocated shares after 30 days. The remaining portion has a 90-day lock-in period.

Capital / Liquidity

RBI Publishes List of Indian D-SIBs for 2022  

05/01/2022

SBI, ICICI Bank and HDFC Bank continue to be identified as D-SIBs, under the same bucketing structure as in the 2020 list.

Fintech / Regtech

China Releases CBDC Wallet on Mobile App Stores

05/01/2022

The app is available in 12 cities and regions as well as the host cities for the Winter Olympics. Until now the app has only been available for download via private links.

CBIRC Grants Approval for HSBC to Fully Own China Insurance Unit

05/01/2022

HSBC reached an agreement with its joint venture partner to a remaining 50% equity interest in HSBC Life China in May 2020.

AML / KYC

BSP Directs Banks to Help Curb Vote-Buying Ahead of National Election

05/01/2022

Banks should “at a minimum” consider four scenarios when calibrating their fraud management systems and account and transaction monitoring rules/parameters.

Enforcement

Singapore Police, MAS Launch Probe into Unlicensed Trading Platform

05/01/2022

Three arrests have been made amid suspicions that “irregular trading activities have been carried out on the platform”.

Thailand Unveils New Measures to Support Debt Restructuring

05/01/2022

The BOT has relaxed its rules on loan classification and provisioning to enable specialised financial institutions to provide greater long-term support to debtors.

Market Infrastructure

PBOC, SAFE Call on Banks to Facilitate Offshore Trade

05/01/2022

A new notice encouraging banks to support the development of new models of international trade comes just as RCEP took effect on 1 January 2022.