Credit Risk

Korean Banks Move to Lower Lending Limits for Overdraft Accounts

25/11/2020

Major Korean banks have started lowering limits on overdraft account products, amid a move by financial regulators to curb the accumulation of household debt.

Cryptocurrency

Consortium of Japanese Firms to Test Digital Currency in April

24/11/2020

The consortium, which includes Japan’s three megabanks as members, aims to address a lack of interoperability between digital payment platforms in the country.

Trading & Investment

China Set to Allow Foreign Access to DCE Palm Oil Futures

24/11/2020

Dalian Commodity Exchange palm oil futures will become China’s seventh commodity futures product available to foreign investors.

Conduct, Culture & Accountability

SEBI Consults on Extra Disclosure Rules for Listed Companies

24/11/2020

The proposals will ensure listed companies publicly disclose information shared in meetings and conference calls with institutional investors.

Sustainable Finance

SEC Thailand Proposes Rules to Support Sustainability-Linked Bonds

24/11/2020

The proposed regulations, based on ICMA’s Sustainability-Linked Bond Principles, will help issuers fund the sustainable transformation of their businesses

Conduct, Culture & Accountability

Australian Court Fines Responsible Entity Over Product Disclosures

23/11/2020

Theta Asset Management and its ex-managing director were fined a combined A$2.1mn for authorising the issue of five defective product disclosure statements.

Structural Regulation

RBI Working Group Proposes New Rules on Bank Ownership

23/11/2020

The RBI working group suggests corporates be allowed to own up to 26% of banks, and NBFCs be allowed to convert to a banking licence.

Climate Risk

Malaysia, Japan Authorities Appointed to NGFS Steering Committee

23/11/2020

The inclusion of Japan’s FSA, BNM and Bank of Canada on the steering committee will widen the NGFS’ global reach and strengthening its geographical representation.

Conduct, Culture & Accountability

Industry Body Urges ASIC to Reconsider Reference Checking Model

23/11/2020

The Stockbrokers and Financial Advisers Association urges ASIC to look at the central register model used in the US, which treats advisers more fairly.