Enforcement

S. Korea Amends Bill to Protect Private Equity Fund Investors

11/03/2021

The revision bill addresses issues with feeder funds, cross investing between PEFs managed by the same entity, and inappropriate sales activities involving coercive sales tactics.

Fintech / Regtech

BOT Unveils Results of ‘CBDC for Business’ Project

11/03/2021

The BOT found that DLT increases efficiency for B2B payments, despite limitations in supporting large transaction volumes and preserving transaction privacy.

Securities / Derivatives

Bangladesh Amends Listing Rules to Appease Retail Investors

11/03/2021

BSEC is proposing revisions to the listing rules to make the capital market more attractive for individual investors.

APRA Demands Sustainable Insurance in Superannuation

11/03/2021

APRA is concerned about premium volatility, the availability and provision of data, and tender practices used by insurers to win business.

Sanctions

Myanmar Banks Fail to Resume Operations Despite CBM Order

11/03/2021

The banking sector is not fully operational due to staff shortages as employees take part in nationwide protests against the military government.

BSP Advocates Passage of New Consumer Protection Law

09/03/2021

The proposed law will allow financial regulators to issue consumer protection rules, conduct market surveillance and examination, and adjudicate complaints.

Enforcement

FSS Chief Faces Resignation Calls over Personnel Management

09/03/2021

Yoon Suk-heun, whose three-year term ends in two months, allegedly promoted certain officials who had been punished for hiring irregularities.

Capital / Liquidity

BSP Issues Draft Guidelines on New ‘Bad Bank’ Law

09/03/2021

Banks can stagger the booking of losses from the discounted sale of NPAs to FIST corporations over five years, provided proper disclosures are made.

ESG / Sustainability

SGX Acquires Stake in Rubber Trading Platform HeveaConnect

08/03/2021

The investment will bolster HeveaConnect’s capability as a price discovery platform for sustainable natural rubber, in line with SGX’s recent focus on sustainability.