AML / KYC

SEBI Proposes New Process for KYC in Securities Market

17/01/2021

Under the proposal, KYC Registration Agencies, stock exchanges and depositories would be responsible for client KYC processes.

Enforcement

30 Firms Reprimanded Over Data Privacy Violations in Guangdong

16/01/2021

The Guangdong Communications Administration ordered 30 firms including banks and securities firms to fix the breaches and revamp their mobile phone apps.

ESG / Sustainability

Korea to Require ESG Disclosures from Listed Companies

15/01/2021

Large companies will have to disclose ESG information from 2025. This will expand to all KOSPI-listed companies from 2030.

Big Picture

Calls to Recalibrate CCP Margin Models Are Misplaced: WFE

14/01/2021

The procyclicality of initial margin models is a property of the system as a whole and so requires system-wide solutions, the WFE says in a new paper.

Fintech / Regtech

Philippine SEC Approves First Crowdfunding Platform

14/01/2021

Investree Philippines is the first crowdfunding intermediary and funding portal to register with the SEC since rules covering the activity took effect in July 2019.

Capital / Liquidity

RBI Warns of Deteriorating Asset Quality, Capital Buffers

14/01/2021

Stress tests indicate 4 banks may fail to meet minimum capital requirements by September 2021 under the baseline scenario.

Fintech / Regtech

Chinese Regulators to Force Ant, Tencent to Share Borrower Data

14/01/2021

Ant Group affiliate Alibaba and Tencent have so far been resistant to sharing their loan data with credit databases such as Baihang.

Fintech / Regtech

PayPal Acquires Full Control of China Payments Business

14/01/2021

PayPal is the first foreign firm to own a 100% stake in a payment platform in China, having obtained a licence to operate in the country a year ago.

ESG / Sustainability

JPX Issues New ESG Handbook to Listed Companies

14/01/2021

The handbook explains how to identify ESG issues that are relevant, how to connect the issues to a business strategy and how to best disclose achievements.