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.

CBIRC Grants Approval to Allianz Insurance Asset Management

01/08/2021

The approval will make Allianz China IMAC the first fully foreign-owned insurance asset management company on the Chinese mainland.

Capital / Liquidity

APRA to Formalise Regulatory Support for Covid Loans

01/08/2021

APRA intends to formalise regulatory support measures for banks offering Covid-19 loans through a temporary amendment to APS 220.

Securities / Derivatives

CSRC Grants Citigroup Approval to Launch Custody Business

01/08/2021

The licence allows Citi to provide custody services for fund products issued by fund firms or other asset managers in China.

Enforcement

China: Another Ex-Banking Regulator Under Corruption Probe

01/08/2021

Cai Esheng served as CBRC vice chairman for eight years. He was in charge of supervising non-bank financial institutions.