ESG / Sustainability

US Fed Creates Financial Stability Climate Committee

29/03/2021

The Financial Stability Climate Committee will compliment the Supervision Climate Committee, which focuses on addressing risks at individual banks.

China Regulators to Punish Property Speculators for Loan Misuse

29/03/2021

Banks are instructed to identify borrowers misusing business loans for property speculation. A nationwide regulatory inspection will run until 31 May.

Thailand Unveils More SME Support, ‘Asset Warehousing’ Scheme

29/03/2021

The asset warehousing scheme allows debtors to transfer assets for debt settlement while allowing them the right to buy back these assets at a later date.

Big Picture

NGFS Offers Climate Risk Guidance for Central Bank Monetary Operations

29/03/2021

The report outlines nine options for central banks to adjust their operational frameworks for monetary policy to account for climate-related risks.

Securities / Derivatives

US Securities Regulator Opens Inquiry into SPAC Listings

29/03/2021

The SEC has reportedly written to banks seeking information on how underwriters are managing the risks involved.

Market Infrastructure

Cboe Global Markets to Acquire Chi-X Asia Pacific

28/03/2021

The acquisition will provide Cboe with a single point of entry into Australia and Japan and bring block trading capabilities to the APAC region.

Fintech / Regtech

China to Ban Collection of ‘Irrelevant’ Personal Data By Mobile Apps

25/03/2021

Under new guidelines, mobile apps cannot deny users access to their services if users refuse to share unnecessary personal information.

AML / KYC

Compliance Costs Impacted by Technology, Covid: Report

25/03/2021

Firms across APAC that allocate a higher percentage of compliance spend to technology have comparatively lower overall compliance cost.

Fintech / Regtech

Line Pay to Bring Data Stored Overseas Back to Japan

25/03/2021

Line must submit detailed reports to Japanese authorities explaining how it protects personal data, after employees at a China affiliate were found to have access to user information.