Anti-Bribery & Corruption

China Bank Official Expelled from CCP Amid Corruption Probe

24/06/2021

The ex-president of China Development Bank’s Chongqing branch has been expelled from the CCP and removed from all public posts amid a corruption probe.

Trading & Investment

SEC Thailand Revises Guidelines on Depositary Receipts

24/06/2021

The revisions seek to facilitate the introduction of more depositary receipt products in the Thai capital market.

Resolution & Recovery

CBSL to Require Banks to Maintain Recovery Plans from 2022

24/06/2021

Starting in 2022, Sri Lankan banks with assets above LKR 1 trillion must formulate and submit their recovery plans to the CBSL annually.

Data Privacy

BSP Unveils Open Finance Framework, Plans Tiered Implementation

23/06/2021

The framework promotes consent-driven data portability, interoperability, and collaborative partnerships between FIs and fintech players, the BSP said.

Credit Risk

Korea to Introduce 40-Year Mortgages from 1 July

23/06/2021

Young adults and newly married couples will be eligible to apply for 40-year home mortgage loans under a government-sponsored programme.

Clearing & Post-Trade

CSRC Standardises Assignment of Settlement Participant Codes

23/06/2021

The new standards will facilitate data sharing between FIs and within settlement participants, thereby promoting standardisation and enhancing data governance.

Sustainable Finance

Shenzhen to Establish Fund to Manage Carbon Credit Sales Proceeds

22/06/2021

The fund will manage the income generated from selling carbon credits, primarily using it to finance green projects in Shenzhen.

Trading & Investment

SEBI Allows Mutual Funds to Trade IRS for Hedging

22/06/2021

SEBI says mutual fund schemes may enter into plain vanilla interest rate swaps for hedging purposes.

Cryptocurrency

China’s Sichuan Province Bans Crypto Mining Activity

22/06/2021

Over 90% of China’s bitcoin mining capacity has effectively been shut down, after bans were imposed in key mining hubs in the country.