Taiwan FSC Issues Guidelines on Bank Inspections

02/08/2021

The FSC says a key objective of the guidelines is to introduce innovative technology including big data analysis into the inspection process.

Market Infrastructure

SWIFT Launches Instant Cross-border Payments for SME, Retail

02/08/2021

Seven banks that have launched ‘SWIFT Go’ – BBVA, BNY Mellon, DNB, MYBank, SberBank, Société Générale, and UniCredit.

Fintech / Regtech

Thailand, Luxembourg Sign MoU on Fintech Innovation

02/08/2021

The MoU provides a framework for cooperation between the SEC and CSSF with respect to promoting innovation in financial services.

Securities / Derivatives

APRA Raises Expectations on Superannuation Entities

02/08/2021

APRA has written to RSE licensees describing their key obligations in light of the introduction of the Your Future, Your Super reforms.

Fintech / Regtech

SEC Philippines Launches New Fintech Innovation Office

01/08/2021

The PhiliFintech Innovation Office will serve as the first point of contact for existing fintech companies and help the SEC regulate fintech activities.

ESG / Sustainability

PBOC to Guide Long Term Funds Towards ESG Investments

01/08/2021

The PBOC will guide pension funds, insurance, social security and asset managers towards investing in ESG products, officials said at a recent forum.

Enforcement

Westpac Insider Trading Case May Not Be Heard Until 2023

01/08/2021

A proposed February 2022 trial date will not be feasible as Westpac will have to be allowed sufficient time to review expert evidence.

Capital / Liquidity

PBOC Caps Short-term Debt Financing by Securities Firms

01/08/2021

The outstanding balance of short-term financing instruments issued by securities companies shall not exceed 60 percent of net capital.

Securities / Derivatives

DBS, Temasek to Launch Debt Financing Platform, EvolutionX

01/08/2021

The new platform will help founder entrepreneurs avoid dilution of share equity in their companies’ initial stages of development.