Skills Gap a Key Bottleneck for Macao Financial Sector: IMF

02/02/2022

The IMF proposes a multi-prong approach to bridge the skills gap and support the development of modern financial services in Macao.

Capital / Liquidity

India: Unity Small Finance Bank Takes Over PMC Bank Branches

01/02/2022

Unity Small Finance Bank is offering immediate repayment of PMC Bank deposits up to INR 500,000, which makes whole 96 percent of depositors.

Fintech / Regtech

Korea FSS Amends Rules to Facilitate Lending by Internet-only Banks

30/01/2022

Internet-only banks will be allowed to use a lower weight for existing household loans when calculating calculating loan-to-deposit ratios.

AML / KYC

Europol Outlines Different Ways Criminals Use Cryptocurrency

29/01/2022

A new Europol report highlights that the illicit use of crypto includes “all types of crime that require transfers of monetary value”.

Securities / Derivatives

KRX Chief Vows to Improve Investor Protection in Stock Market

28/01/2022

Sohn Byung-doo suggests lockup periods be imposed on executives following an IPO, and that companies be required to consider retail investors when processing spinoff IPOs.

Crypto / Digital Assets

Myanmar to Ban Crypto Under New Cybersecurity Law

28/01/2022

Under the proposed law, using cryptocurrency may lead to imprisonment of 6-12 months in prison or fines up to USD 2800.

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.