Markets & Infrastructure

Emerging Prudential Risks

RBNZ Returns to Single Mandate, Renewing Focus on Inflation

By Editors | 14/12/2023

The RBNZ was tasked with a dual mandate in 2018, targeting both low inflation and full employment. “This change was a mistake,” said Finance Minister Nicola Willis.

Trading & Investment

Japan Publishes Conclusions from Asset Management Task Force

By Manesh Samtani | 14/12/2023

The FSA published a report outlining proposals to develop Japan’s asset management industry and encourage households to invest their savings.

Conduct, Culture & Accountability

Taiwan Sets Requirements on Disclosure of Director Remuneration

By Editors | 13/12/2023

Financial holding companies, banks, securities firms and insurers will have to disclose director remuneration under specified conditions.

Anti-Bribery & Corruption

SFC Bans Ex Employee of OCBC Wing Hang Bank

By Sanday Chongo Kabange | 13/12/2023

The employee was earlier convicted for offering a colleague a bribe to refer mortgage refinancing clients to an external party.

Supervision & Enforcement

China NFRA to Apply More Discretion in Penalty Decisions

By Editors | 13/12/2023

The NFRA says it will strictly abide by the principles of legality, proportionality, and due process when handing out penalties to banks and insurers.

Payments & Settlements

PBOC Establishes Yuan Clearing Arrangement With Serbia

By Editors | 13/12/2023

Agreements to establish yuan clearing arrangements have also recently been signed with Cambodia, Brazil, Kazakhstan, Laos and Pakistan.

Structural Regulation

Taiwan FSC Completes Review to Identify Outdated Regulations

By Editors | 13/12/2023

Nearly 9,000 letters and orders will be removed as of 20 December. Four new measures will be adopted in 2024 to improve the regulatory environment.

Trading & Investment

Philippines Lists Maiden Sukuk Issuance on Nasdaq Dubai

By Nithya Subramanian | 13/12/2023

Benjamin Diokno said the enhances the Philippine Islamic finance market and strengthens economic ties with the Middle East.

Payments & Settlements

RBI Enhances E-mandate Limit for Recurring Transactions

By Ajoy K Das | 13/12/2023

The limit for processing e-mandates for recurring payments was increased for credit card bills, insurance premiums and mutual fund subscriptions.