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Structural Regulation
China Cracks Down on Listed Company Business with Finance Companies
By Darien Choong | 04/06/2022
The CSRC and CBIRC are jointly cracking down on related-party and affiliated transactions involving listed companies and finance companies.
Fraud, Scams & Cybercrime
Singapore Banks to Adopt More Scam Prevention Measures
By Darien Choong | 02/06/2022
The measures include an emergency self-service ‘kill switch’, enhancements to fraud surveillance systems, and additional customer confirmations.
Capital Adequacy
RBNZ to End Bank Dividend Restrictions on 1 July
By Sanday Chongo Kabange | 02/06/2022
The RBNZ expects banks to continue to be prudent in determining the appropriate size of dividends paid to their shareholders.
Emerging Prudential Risks
SAFE Allows High-tech Firms to Increase Overseas Borrowing
By Editors | 02/06/2022
High-tech companies in 17 provinces/cities can borrow funds from overseas to finance R&D and accelerate their development.
Stablecoins
UK Proposes Framework for Dealing with Stablecoin Failures
By Editors | 02/06/2022
HM Treasury proposes to give the BOE powers to appoint administrators to oversee insolvency arrangements with failed stablecoin issuers.
Emerging Prudential Risks
BCBS Progresses Work on Climate Risk, Crypto Assets
By Editors | 01/06/2022
The BCBS will soon publish its final set of principles on managing climate-related financial risks, and a second consultation on the treatment of banks’ crypto-asset exposures.
Operational Risk
HK Banks Given Four Years to Achieve Operational Resilience
By Manesh Samtani | 01/06/2022
The HKMA has given banks one year to develop their operational resilience framework, and a further three years for implementation.
Conduct, Culture & Accountability
ASIC Files Suit Against ANZ Over ‘Unlawful’ Credit Card Charges
By Editors | 31/05/2022
ANZ charged fees and interest to customers who withdrew funds that were shown as available on their credit card account balances.
Liquidity Risk
RBNZ Commends Westpac for Improved Liquidity Risk Management
By Editors | 31/05/2022
The RBNZ says Westpac NZ has improved its liquidity risk management and risk culture by improving resourcing and governance.
Trading & Investment
Shanghai Unveils 50-Point Plan to Return to Normalcy
By Darien Choong | 31/05/2022
Banks will be asked to renew SME loans; asset managers are asked to set up global or regional investment management centres in Shanghai.
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