Crypto / Digital Assets

SGX-Temasek JV to Digitalise Bond Issuance Workflows

31/01/2021

The JV will partner with Covalent Capital to streamline the listing, straight-through processing and settlement of bonds and activities in bond lifecycle management.

CBIRC Flags Continued Governance Issues at Banks, Insurers

30/01/2021

Major shareholders at some small and medium-sized institutions are deliberately concealing their affiliate relationships and using the institutions as ‘cash machines’.

RBI Enhances Rules for Banks’ Grievance Redress Mechanisms

30/01/2021

The framework provides a mechanism for the ombudsman to recover the cost of redressal from banks whose complaints exceed their peer group average.

Market Infrastructure

Legislative Advisors Advocate Merger of Shanghai Financial Markets

29/01/2021

Under the proposal, a holding group would comprise the SSE, CFFEX, various securities depository and clearing companies, and a new options exchange.

Capital / Liquidity

CBIRC Issues Draft Rules for Banks on Managing Liability Quality

29/01/2021

The draft rules set out six aspects of debt quality management that banks will have to incorporate in their systems, as part of efforts to prevent risks.

HSBC Inaugurates IBU Branch at India’s GIFT City

29/01/2021

HSBC was the first global bank to obtain a licence from the IFSCA, set up in April 2020 as a unified authority for GIFT City financial services.

ESG / Sustainability

Singapore Taskforce Proposes Taxonomy for Identifying Green Activities

29/01/2021

The taxonomy draws on the theoretical underpinnings of the EU taxonomy and proposes a traffic-light system which sets out how activities are classified.

Capital / Liquidity

FSC Korea Imposes Cap on Bank Dividend Payouts

29/01/2021

In an L-shaped scenario, the capital buffer and D-SIB ratios of numerous banks fell short of the required levels in stress tests, the FSC said.

Enforcement

US Regulator Fines Goldman Over Employee Fingerprinting

28/01/2021

FINRA said Goldman failed to maintain a reasonable system to identify and properly screen individuals who became associated with the firm in a non-registered capacity.