Resolution & Recovery

SEC Thailand Targets Recovery Objective in New Strategic Plan

16/02/2021

The plan includes a ‘recovery and strengthening’ objective, and measures to support the use of liquidity enhancement tools for businesses affected by Covid-19.

Structural Regulation

KRX to Ease Requirements for Listing on KOSPI

12/02/2021

The new rules are expected to facilitate the realisation of the “Korean version of Tesla”, the US automaker which listed on the Nasdaq in 2010 based on market cap.

CBDCs

Japan Finance Minister to Take CBDC Debate to G7 Meeting

11/02/2021

Taro Aso said at a press conference that he thinks it’s important to “thrash out” policy measures regarding digital currency issued by central banks.

CBDCs

BOK Calls for Review of Legal Framework to Enable CBDC Issuance

10/02/2021

In a new research paper, the BOK discusses key issues relevant to the issuance of a CBDC, including its design elements and legal and policy implications.

Fraud, Scams & Cybercrime

Leaked Report Reveals Credit Suisse Culpability in Lescaudron Fraud

09/02/2021

The case involved Patrice Lescaudron, a French banker who was jailed for defrauding clients in 2018 before committing suicide last year following his early release.

Capital Adequacy

FSC Korea Defends Restrictions on Bank Dividend Payouts

09/02/2021

The FSC noted that 27 of 40 major global economies are taking similar measures to restrict dividends and share buybacks to ensure financial sector stability.

Emerging Prudential Risks

Korea: FSC Financial Sector Focus to Include Risk, Competition, Innovation

07/02/2021

The FSC’s 2021 policy agenda for the financial sector will include measures to bolster risk management while also strengthening competitiveness and facilitating digital innovation.

Operational Risk

RBI Issues Guidance to Enhance Internal Audit Function at NBFCs, UCBs

07/02/2021

Internal audit frameworks of select NBFCs and UCBs will have to include an evaluation of the risk management systems and control procedures used in various areas of operations.

Sustainable Finance

FSC Korea Outlines Additional Green Finance Initiatives

29/01/2021

The FSC plans to draw up a climate risk management and oversight plan for FIs by March and develop a green taxonomy within H1.