ESG / Sustainability

EBA Finalises Pillar 3 Disclosure Rules for ESG Risks

28/01/2022

Once approved by the European Commission, EU banks will have to start making ESG disclosures in 2023, with full phase-in by June 2024.

Fintech / Regtech

China Launches Data Platform for Wealth Management Sector

27/01/2022

The platform is expected to help wealth management companies expand and enhance their product sales channels – especially the WMC units of smaller-scale banks.

ESG / Sustainability

SEBI Proposes Regulatory Framework for ESG Rating Providers

27/01/2022

SEBI says reliance on unregulated ESG rating providers poses risks to investors, transparency and the efficiency of securities markets.

AML / KYC

Faster Transactions Impeding Scam Loss Recoveries: HK Police

27/01/2022

Online banking, electronic payment services and cryptocurrency wallets have made it more difficult to recover scam proceeds.

Big Picture

BIS Paper Offers Guidance on Regulating Tech Firms

26/01/2022

The paper offers guidance for prudential authorities in deciding whether to allow tech firms to enter into banking, and what requirements to impose on them.

Market Infrastructure

Guangdong to Establish New International Bank Under GBA Plan

26/01/2022

A futures exchange centre also be established to support the SZSE in implementing a whole-market registration system.

Capital / Liquidity

Bangladesh Bank Reduces Limits on Borrower Exposures

26/01/2022

The exposure limits have been tightened to strengthen the banks’ credit risk management and ensure stability of the sector.

Fintech / Regtech

China Tightens Rules on Internet Platform Companies

26/01/2022

The rules tighten restrictions on internet platform companies investing in financial services firms and ask them to implement capital and leverage ratio requirements.

Fintech / Regtech

ASIC to Enhance Corporate Disclosures Through Regtech

24/01/2022

Five regtechs are tasked with conducting a feasibility study to help ASIC analyse corporate disclosures and assess compliance by listed companies.