Securities / Derivatives

Korea to Require Advance Disclosure of Insider Stock Trades

15/09/2022

Board members and principal shareholders will be required to disclose information about planned stock trades least 30 days before the expected trading date.

Thailand Banks Request Lower FIDF Contribution Fees

14/09/2022

The TBA says lower FIDF contribution fees would enable banks to slow down interest rate increases for borrowers.

Singapore BNPL Code On Track to Launch This Year

13/09/2022

BNPL providers are exploring a mechanism to share information with one another on customers’ outstanding amounts and their delinquency status.

Evergrande Works to Quell Mortgage Boycott Concerns

13/09/2022

Construction on 38 pre-sold property projects will resume by the end of September. Work will accelerate on 62 other projects already restarted.

Securities / Derivatives

ASIC Highlights Industry Action to Correct Misleading Fund Marketing

12/09/2022

Responsible entities and trustees voluntarily took action once ASIC expressed concerns over their funds’ marketing materials.

AML / KYC

BSP Issues New Guidance on TFS Implementation

09/09/2022

The guidance sets out the BSP’s regulatory expectations and identifies emerging typologies, including the use of virtual assets to finance terrorism.

Capital / Liquidity

BSP Raises Minimum Capital Requirement for Rural Banks

06/09/2022

The PHP 10 million minimum capital requirement was raised to PHP 50 million, which is less than was proposed in May.

AML / KYC

RBI Issues New Guidelines on Digital Lending

06/09/2022

The guidelines are applicable to existing customers availing fresh loans and new customers getting onboarded. Existing digital loans must be in compliance by 30 November.

ESG / Sustainability

Thai Banks Pledge to Accelerate Action on ESG, Climate

03/09/2022

Thai banks adopt “ESG Declaration”. Government sets new carbon neutrality and net zero timelines. Climate Change Bill to become law in 2023.