Market Infrastructure

APRA Issues Draft Prudential Practice Guide on Remuneration

01/05/2021

The guidance will assist entities in complying with APRA’s new standard on remuneration, which is expected to be finalised later this year.

Enforcement

CBIRC Warns Banks of Stronger Penalties for Shareholder Violations

01/05/2021

Banks and insurers are asked to conduct self-assessments and improve their accountability standards and procedures to guard against illegal behaviour.

Enforcement

SG Police Issue Forgery Charges in Nickel Trading Fraud Case

30/04/2021

With the latest charges, Ng Yu Zhi now faces a total of 11 counts of cheating, fraudulent trading and forgery. He will return to court on 17 May.

Enforcement

SEC Thailand Seeks Investigative, Prosecutorial Powers

29/04/2021

The SEC seeks powers to investigate and prosecute its own cases and speed up enforcement against capital market violations.

CBIRC Orders Big Banks to Increase SME Loans by 30pc

29/04/2021

The CBIRC has asked China’s five largest banks to increase their inclusive loans to SMEs by over 30 percent for the year.

ESG / Sustainability

RBI Joins Network for Greening the Financial System

29/04/2021

The RBI expects to benefit from the membership of NGFS by learning from and contributing to global efforts on green finance.

ESG / Sustainability

Malaysia SC Publishes Updated Corporate Governance Code

29/04/2021

The update focuses on selection and nomination processes for directors, including to address issues with board diversity and sustainability.

Enforcement

China Government Probes Ant Group IPO Approval Process

29/04/2021

Ant Group founder Jack Ma and his relationships with state firms and local officials are also being examined as part of the government’s investigation.

RBI Issues New Rules for Senior Bank Executives, Board Members

29/04/2021

Banks will have until 1 October 2021 to comply with new rules capping the tenure of top executives at 15 years.