Enforcement

CBIRC Warns Small Banks to Rein In Property Lending

02/06/2021

The CBIRC will punish lenders that help borrowers to circumvent regulations prohibiting the use of business loans to buy real estate.

Market Infrastructure

CBIRC Issues Final Rules on Evaluating Bank Director Performance

02/06/2021

The new rules, effective 1 July, will strengthen and standardise performance evaluations of directors and supervisors of banks and insurers, the CBIRC said.

AML / KYC

2018 Circular Prohibiting Crypto Dealings Not Valid, RBI Clarifies

01/06/2021

The RBI has clarified that its 2018 circular prohibiting cryptocurrency dealings is no longer valid, and should not be cited or quoted from.

Crypto / Digital Assets

DBS Issues First STO on New Digital Exchange

01/06/2021

The issuance paves the way for other issuers to access the capital markets through STO issuances as asset tokenisation turns mainstream, DBS says.

Cambodia: NBC Extends Debt Relief Measures to Year-End

01/06/2021

The NBC has committed to maintaining the RRR at 7 percent “until further notice” and removed a three-time limit on debt restructuring.

Fintech / Regtech

PBOC Explores New Financial Data Sharing Ecosystem

01/06/2021

The so-called “data-sharing hub” will allow data sharing between trusted institutions in a way that ensures that the source data can be used but not seen or moved.

Crypto / Digital Assets

Leveraged Crypto Trading Threatens Financial System: BOK

31/05/2021

High leverage, price volatility and increased trading in crypto assets puts households at risk of financial damages, which could impact the financial system.

Taiwan Central Bank More Offers Financing Support to SMEs

31/05/2021

The central bank will provide TWD 100 billion for loans to SMEs. State-owned banks have set aside a further TWD 550 billion to support business lending.

HK to Exempt Top Execs of Financial Firms from Quarantine

31/05/2021

Senior executives of licensed financial corporations or their overseas affiliates who are fully vaccinated, and meet the eligibility criteria, may apply for the exemption.