ADVERTISEMENT
Structural Regulation
FSC Korea to Enhance Tech Financing Performance Evaluations
By Sanday Chongo Kabange | 30/11/2021
The FSC will adjust the evaluation criteria it uses to assess banks’ tech financing performance to promote more lending to innovative SMEs.
Payments & Settlements
BSP Allows Digital Banks to Participate in Monetary Operations
By Editors | 30/11/2021
Digital banks and unit investment trust funds can also participate in the secondary market for central bank securities.
Trading & Investment
SEBI Sets Out Guidelines for Operating Silver ETFs
By Editors | 30/11/2021
Silver ETFs will have to allocate at least 95 percent of assets to silver and silver-related exchange-traded commodity derivatives.
Trading & Investment
ICBC, CCB Approved to Commence Private Pension Trials
By Darien Choong | 30/11/2021
The banks will pilot new wealth management products across four selected cities to help address China’s retirement savings gap.
Credit Risk
New Responsible Lending Laws Take Effect in New Zealand
By Sanday Chongo Kabange | 30/11/2021
The new law requires lenders to act responsibly at all times. They can be forced to refund interest, fees and damages for failing to do so.
Conduct, Culture & Accountability
ASIC Files Multiple Court Proceedings Against Westpac
By Editors | 30/11/2021
Westpac has already agreed to admit to the allegations, remediate A$80mn to customers, and pay A$113mn in penalties, subject to court approval.
Credit Risk
Ant Group Separates Loan Services from Partner Lending
By Sanday Chongo Kabange | 30/11/2021
Consumers must give consent for their credit data to be shared with the PBOC to use Ant Group’s lending services.
Conduct, Culture & Accountability
MAS, IBF Offer Support to Enhance Family Office Skillsets
By Editors | 29/11/2021
New skills maps have been launched as a resource for training providers and FIs to design family office-related training.
Clearing & Post-Trade
CPMI, IOSCO Consider Client Clearing Access Models
By Editors | 29/11/2021
Improving access to client clearing is “critical” to ensuring all standardised OTC derivatives contracts are cleared through CCPs.
Supervision & Enforcement
European Commission Proposes to Strengthen Supervisory Bodies
By Editors | 29/11/2021
In the aftermath of the Wirecard scandal, German regulator BaFin was accused of being beholden to banking industry lobbyists and the finance ministry.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.