LATEST NEWS

    image

    Securities / Derivatives

    China to Probe Corporate Bonds to Prevent Defaults

    By Editors | 07/01/2023

    Corporate bonds found to have debt repayment risks will be listed as “key focus objects” and subject to additional supervision by a special risk response team.

    image

    Crypto / Digital Assets

    US SEC Objects to Binance Acquisition of Bankrupt Crypto Lender

    By Editors | 07/01/2023

    The SEC may be concerned about a possible co-mingling of funds between Binance’s US and global entities to fund the acquisition.

    image

    Capital / Liquidity

    Indian Banks Can Withstand Even Severe Stress Conditions: RBI

    By Editors | 07/01/2023

    RBI stress tests for credit risk showed that commercial banks can meet minimum capital requirements even under severe stress situations.

    image

    CBIRC Proposes Updated Rules for Auto Finance Sector

    By Editors | 07/01/2023

    Auto finance companies will be allowed to set up overseas subsidiaries to provide financial services to Chinese automakers pursuing international expansion.

    image

    Market Infrastructure

    China Allows Cities With Falling Home Sales to Lower Mortgage Rates

    By Editors | 06/01/2023

    China’s FSDC has also told banking and securities regulators to ensure extra support is provided to “systemically important” property developers.

    image

    Enforcement

    Taiwan FSC Fines Cathay United Bank Again Over Outages

    By Editors | 06/01/2023

    The fine is the highest ever imposed against a bank by the FSC for IT-related issues. The bank’s president will also have his salary cut for three months.

    image

    AML / KYC

    BSP Sets Out New Rules for Reporting Financial Crime Risk Events

    By Editors | 06/01/2023

    Banks and NBFIs will have to notify the BSP within 24 hours after they become aware of any significant money laundering, terrorism financing, or proliferation financing risk event.

    image

    Capital / Liquidity

    China Set to Implement New Financial Stability Law This Year

    By Editors | 05/01/2023

    The law will create a financial stability guarantee fund, set out clear risk prevention and disposal responsibilities for financial institutions, and introduce a resolution regime for SIFIs.

    image

    Enforcement

    Former BlackRock Portfolio Manager Fined Over Undisclosed Conflict

    By Editors | 05/01/2023

    The portfolio manager failed to disclose that he had asked an investee company to help advance his daughter’s acting career and that it helped her obtain a film role.

    image

    Sanctions

    Will 2023 be the End of International Sanctions?

    By Tom Keatinge | 05/01/2023

    With the UNSC’s sanctions role effectively neutered, new sanctions coalitions and international harmony are needed to blunt North Korea’s nuclear ambitions and ensure global security.

    JOIN OUR NEWSLETTER

    A daily selection of top stories from the Regulation Asia editorial team