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.

ESG / Sustainability

HK Financial Sector Calls for Easing of Covid Restrictions

25/10/2021

Nearly half of surveyed FIs are considering moving staff or functions away from Hong Kong due to operational challenges, including travel and quarantine uncertainty.

Securities / Derivatives

HKMA Amends Requirements on Share Margin Financing

25/10/2021

The HKMA says continued enforcement of the requirement to observe market norms in the setting of maximum LTV ratios is no longer appropriate.

ESG / Sustainability

New Zealand Passes Climate Reporting Legislation in World First

24/10/2021

Mandatory climate disclosures will be required from early 2024, for annual reporting periods that start on or after 1 January 2023.

Securities / Derivatives

New Rules for PE Funds Take Effect in South Korea

23/10/2021

The revised rules improve investor protection and subject private equity funds to increased monitoring and external audits.