Big Picture

Emerging Markets Rapidly Progressing Sustainable Finance Frameworks

03/11/2021

The Sustainable Banking and Finance Network says 32 member countries have launched national frameworks that set expectations for FIs to manage ESG risk.

Fintech / Regtech

US Regulators Call for Powers to Regulate Stablecoins

02/11/2021

US regulators are calling for the enactment of legislation to ensure that stablecoin issuers are insured and subject to appropriate supervision and regulation.

Hong Kong Makes Fixed-Rate Mortgage Scheme Permanent

01/11/2021

The scheme was announced as a pilot in the 2020-2021 budget and extended last November. Fixed-rate mortgage loans totalling around HKD 400 million have so far been approved.

Fintech / Regtech

FSC Korea Pledges to Support Digital Transformation of Banks

31/10/2021

FSC chairman Koh Seungbeom said the entry of tech giants into financial services has added fuel to market competition.

Capital / Liquidity

S. Korea Unveils More Measures to Contain Household Debt

28/10/2021

Among the measures, the FSC will monitor how banks are applying suitability and adequacy principles in their lending, and impose fines for violations.

HK Passes Legislation to Expand FRC’s Regulatory Functions

28/10/2021

The FRC will become a full-fledged independent regulatory body for the accounting profession, performing inspections, investigations and disciplinary work.

Big Picture

Breakthrough Decarbonisation Tech Urgently Needs Financing – WEF

27/10/2021

The mobilisation of finance to breakthrough technologies represents the “only viable path forward” to avoid irreversible damage to the planet, the WEF says.

ESG / Sustainability

RBNZ Outlines Action Plan for Addressing Climate Risks

27/10/2021

The RBNZ will develop a guidance note to support regulated entities in managing climate risks, focusing on physical, transition and liability risks.

FSC Korea to Launch New Initiative to Boost Microfinance

27/10/2021

The new credit card-based microloan service seeks to expand opportunities for lower income earners without access to traditional credit finance channels.