Capital / Liquidity

APRA to Maintain Zero Percent CCyB Through to End-2021

21/12/2020

APRA cites “the risk of further stresses to come” as a determining factor, including the threat of new Covid-19 outbreaks and the withdrawal of financial assistance measures.

SFC Unveils New Electronic Licensing Functions On WINGS

21/12/2020

The new online licensing platform marks an important milestone in the modernisation of the SFC’s gatekeeping function, said chief executive Ashley Alder.

Securities / Derivatives

HKMA Surveys PE Firms Seeking to Help Manage HK Growth Portfolio

21/12/2020

Interested private equity firms, local and overseas, are invited to take part in the survey on or before 22 January 2021.

Securities / Derivatives

APRA Intensifies Scrutiny of Underperforming Super Funds

21/12/2020

APRA will issue notices requiring eight trustees to provide information on the actions being taken to address underperformance. Formal enforcement powers may be used “where appropriate”.

Capital / Liquidity

CBIRC Grants Launch Approval to New National Bad Debt Manager

21/12/2020

China Galaxy Asset Management will receive its licence within ten days, and proceed with the necessary procedures to open for business in early 2021.

AML / KYC

Taiwan to Lower Payment Thresholds for Customer Notification

21/12/2020

The move is aimed at combatting rising financial fraud as consumers increasingly prefer e-payments over the use of credit cards.

Fintech / Regtech

APRA Sets September Go-Live for New Data Collection Solution

21/12/2020

The timing of regulatory data reporting commencing in APRA Connect will vary by industry. Existing data collections for banks will continue through D2A for the time being.

Securities / Derivatives

Hong Kong Bourse to Introduce Paperless IPO Regime in July

21/12/2020

From 5 July 2021, listing documents must be published solely in an electronic format, and new subscriptions must be made through online channels only.

AML / KYC

Intermediaries Should Lay Down Anti-bribery Policies: SFC

21/12/2020

Intermediaries should draw reference from the sample code of conduct issued by the ICAC and provide appropriate training to directors, staff members and agents.