Enforcement

FSS Korea Warns KB Savings Bank Over Lax Lending Controls

08/09/2021

KB Savings Bank increased its household lending by raising internal limits and discounting interest rates, without a strict review process and proper oversight.

Securities / Derivatives

China: AMAC Approved Launch of First Pictet QDLP Fund

08/09/2021

The new fund will enable domestic investors in China to invest offshore in financially stressed and distressed companies, predominantly in Europe.

Market Infrastructure

SEBI to Introduce Optional T+1 Settlement Cycle from January

08/09/2021

Stock exchanges may choose to offer T+1 settlement on any scrip, after providing the market advance notice of at least one month.

Fintech / Regtech

IOSCO Publishes Final Guidance on Supervising AI/Machine Learning

08/09/2021

IOSCO members are encouraged to consider six measures carefully in the context of their legal and regulatory frameworks.

Capital / Liquidity

OJK Indonesia Extends Debt Restructuring Relief for One Year

07/09/2021

Banks are still required to ensure adequate risk management procedures are in place and that only debtors who are eligible are given the option to restructure their debt.

Securities / Derivatives

HKEX to Roll-out New Workflow for Derivatives Position Adjustments

07/09/2021

The enhancement will allow clearing participants to submit position adjustments requests directly at DCASS Online, replacing the existing paper-based workflow.

MAS Forms Sustainability Group, Appoints Chief Sustainability Officer

07/09/2021

The new group will coordinate MAS’ green finance and sustainability agenda to strengthen the financial sector’s resilience against environmental risks.

AML / KYC

AUSTRAC Outlines Common Reporting Mistakes – Report

06/09/2021

Reporting mistakes have included incorrectly-used fields, late filings, inconsistent data input, and defensive reporting.

Market Infrastructure

CSRC Issues Draft Rules for Beijing Stock Exchange

06/09/2021

SMEs trading on the NEEQ for at least 12 months will qualify to list on the Beijing Stock Exchange, which will adopt the registration-based IPO system.