Structural Regulation

FSC Korea to Enhance Tech Financing Performance Evaluations

30/11/2021

The FSC will adjust the evaluation criteria it uses to assess banks’ tech financing performance to promote more lending to innovative SMEs.

Credit Risk

New Responsible Lending Laws Take Effect in New Zealand

30/11/2021

The new law requires lenders to act responsibly at all times. They can be forced to refund interest, fees and damages for failing to do so.

Credit Risk

Ant Group Separates Loan Services from Partner Lending

30/11/2021

Consumers must give consent for their credit data to be shared with the PBOC to use Ant Group’s lending services.

Climate Risk

APRA Finalises Guidance on Climate Change Financial Risks

29/11/2021

The new climate change prudential practice guide covers governance, risk management, scenario analysis and disclosure.

Sustainable Finance

South Korea Set to Launch Second ‘New Deal’ Fund

27/11/2021

The KRW 100 billion fund will comprise KRW 80 billion from the private sector and retail investors and KRW 20 billion from the government.

Trading & Investment

ASIC Imposes Licence Conditions on ASX Over 2020 Outage

26/11/2021

ASIC wants market participants to be able to re-route trades to alternative venues such as Chi-X in the event of a future market outage.

Fraud, Scams & Cybercrime

FSC Korea Cancels Business Licence of Optimus Asset Management

25/11/2021

The FSC has also fined Optimus and ordered board member removals, over “numerous counts of violations and inappropriate fund management activities”.

Structural Regulation

SEBI Relaxes Rule on Daily Fines for Disclosure Violations

25/11/2021

Stock exchanges may choose not to impose daily fines on companies for non-compliance with disclosure obligations if investors are not adversely affected.

Trading & Investment

GBA Wealth Connect Pilot Records ¥200m in Transactions

24/11/2021

Net investment via Wealth Connect has exceeded CNY 200 million so far, with participation from around 11,500 retail investors.