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Conduct, Culture & Accountability
RBI Unveils New Penal Charges Regime to Promote Fair Lending
By Sanday Chongo Kabange | 21/08/2023
The RBI said penal charges in loan accounts should be used to promote credit discipline and not as a “revenue enhancement tool”.

Climate Risk
UNDP Launches Open Source Carbon Registry Software
By Ranamita Chakraborty | 21/08/2023
The registry is the first of its kind in allowing countries to duplicate and customise its open-source code to suit their specific requirements.

Emerging Prudential Risks
FSB Launches Review to Assess MMF Reform Progress
By Editors | 21/08/2023
The objective of the review is to take stock of the progress made by jurisdictions to assess and address money market fund vulnerabilities.

Payments & Settlements
RBI Launches Digital Portal for Unclaimed Deposit Recovery
By Ranamita Chakraborty | 21/08/2023
Users can utilise the portal to locate their unclaimed deposits and subsequently choose to either claim the funds or reactivate their deposit accounts with their respective banks.

Trading & Investment
Abaxx Seeks to Launch World’s First Nickel Sulphate Futures in Singapore
By Mark Johnston | 21/08/2023
Nickel sulphate is a key ingredient of EV batteries. The launch of the new futures contract is subject to review by MAS.

Trading & Investment
China Unveils Package of Measures to Reinvigorate Stock Market
By Manesh Samtani | 21/08/2023
The measures include reducing transaction fees, encouraging stock buybacks by listed companies, and a possible extension of trading hours.

Conduct, Culture & Accountability
FSS Korea Targets Internal Controls, Lending Compliance at Banks
By Manesh Samtani | 20/08/2023
Bank presidents asked to inspect their institutions’ internal control systems, and to do more to contain rising levels of household indebtedness.

Trading & Investment
FSC Korea Outlines Policy Initiatives Planned for H2
By Editors | 20/08/2023
The initiatives focus on restoring investor trust, strengthening capital market structure, and ensuring financial stability.

Structural Regulation
Bangladesh Bank Receives 52 Digital Bank Licence Applications
By Editors | 20/08/2023
The number of applications substantially exceeds projections by Bangladesh Bank, which initially intends to only grant two or three licences

Liquidity Risk
Evergrande Files for Bankruptcy Protection in New York Court
By Editors | 20/08/2023
The Chapter 15 filing is intended to protect Evergrandes US assets while it works to secure approval from creditors for an offshore debt restructuring plan.
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