Taiwan

The FSC proposes to allow loan loss provisions and reserves to be used in calculating net worth, accumulated losses and total deposits, which have a bearing on lending capacity.

Taiwanese financial firms are asking the FSC to allow identity authentication methods other than the unwieldy government-issued Citizen Digital Certificates.

New rules will empower Taiwan's government to investigate whether funds from Hong Kong or other countries are actually from Chinese investors.

The Covid-19 pandemic has affected companies' financial performance in the first half of the year, making them ineligible to list on the stock market.

Despite the delays, operations are still likely to commence by year-end at the three new digital banks - Line Bank, Next Bank, and Rakuten Bank.

Taiwan's FSC says only a few banks did not pass their stress tests, but they would have if new capital raised this year was taken into account.

The CSA sandbox allows firms to obtain exemptive relief from securities law requirements to test new products and services in the Canadian market on a time-limited basis.

South Korea, Malaysia and Indonesia are the remaining Asian nations that still have short-selling bans in place. Malaysia's is due to be lifted at the end of June.

The TDCC and NSD have agreed to support constructive dialogue and cooperation in areas such as electronic voting, fintech and information services, among other areas.

The FSC has also clarified its expectations on ECL estimates under IFRS 9 and reiterated its relaxation of the D-SIB surcharge requirement.