Emerging Prudential Risks

CBIRC Issues Draft Rules for Major Bank Shareholders

21/06/2021

Major shareholders cannot use borrowed funds to invest in banks, take out loans from the banks they invest in, or have cross-shareholdings with other banks.

Structural Regulation

SEBI Planning Dedicated Framework For SPACs – Report

21/06/2021

To allow SPACs in India, SEBI would have to either introduce a separate law or amend current regulations.

Anti-Bribery & Corruption

Basel Institute on Governance Takes Stock of Illicit Enrichment Laws

21/06/2021

While some intricacies regarding illicit enrichment laws are yet to be properly tested in courts, they have “remarkable potential” in the field of asset recovery.

Cloud & Infrastructure

InvestHK Launches 2021 Fintech Fast Track Programme

21/06/2021

Selected companies will be showcased prominently at Hong Kong Fintech Week 2021 which takes place from 1 to 5 November.

Credit Risk

AmCham Praises Taiwan For Easing Financial Sector Constraints

20/06/2021

Taiwan was praised for easing rules on loan-loss reserves for foreign bank branches and for allowing foreign institutional investors to invest in ETFs.

Liquidity Risk

US Fed Extends Swap Lines with Nine Central Banks

20/06/2021

The Fed has extended facilities provided to the central banks of Australia, Korea, Singapore and New Zealand, among others.

Anti-Money Laundering

Korea Extends AML Compliance Deadline for Crypto Sector

20/06/2021

The extension is primarily being allowed to ensure regulators can process applications received before the 24 September deadline.

Reporting & Disclosures

Taiwan FSC to Make Environmental Disclosures Mandatory

18/06/2021

Listed companies will be required to make mandatory disclosures on their carbon emissions, water usage and waste management starting next year.

Anti-Bribery & Corruption

Former CBIRC Official Expelled from CCP for Corruption

17/06/2021

Liu Wenyi’s case is said to be linked to the failure of Bank of Jinzhou as well as a corruption investigation involving a former head of Bank of Huludao.