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Capital / Liquidity
CBIRC Revises Rating System for Foreign Bank Branches
By Editors | 03/01/2023
The new framework increases the weighting on compliance, and includes point deductions for mismanagement and increases in business risk.
Securities / Derivatives
Dalian Exchange Opens Soy Derivatives to Foreign Traders
By Editors | 03/01/2023
Foreign investors can trade futures and options in No 1 Soybean, No 2 Soybean, Soybean meal, and Soybean oil.
Fintech / Regtech
Korea FSC to Revise Rules to Mitigate IT Security Risks
By Manesh Samtani | 02/01/2023
On-site inspection will be initiated “immediately” in the event that financial services are interrupted for more than three hours due to a computer accident.
ESG / Sustainability
Thailand Consults on ‘Pilot Version’ of Sustainable Finance Taxonomy
By Sanday Chongo Kabange | 02/01/2023
Like the ASEAN Taxonomy, the Thailand Taxonomy uses a traffic light system. The objectives of the taxonomy largely draw from the EU taxonomy.
Market Infrastructure
NSE India Receives Approval to Set Up Social Stock Exchange
By Editors | 02/01/2023
The social stock exchange will allow direct listings from non-profit organisations and for-profit social enterprises.
DBS Granted Approval to Acquire Citi’s Taiwan Consumer Business
By Editors | 02/01/2023
The acquisition will make DBS the largest foreign bank in Taiwan by assets, and the 18th largest bank overall.
Market Infrastructure
China, Switzerland Mutually Recognise Audit Standards as Equivalent
By Editors | 02/01/2023
The equivalence decision is expected to reduce audit costs, improve audit efficiency, and deepen Sino-Swiss economic, trade and financial cooperation.
Crypto / Digital Assets
Boston Fed, MIT Conclude CBDC Research Project
By Editors | 02/01/2023
Project Hamilton focused on better understanding the capabilities and limitations of different technologies that might be used to manage and transfer CBDCs.
Securities / Derivatives
Chinese Exchanges Announce Fee Reductions for 2023
By Editors | 02/01/2023
Shanghai and Shenzhen exchanges are granting exemptions from initial and annual listing fees and all bond transaction handling fees.
Securities / Derivatives
CBIRC Proposes New Rules to Contain Risks in Trust Industry
By Editors | 01/01/2023
Trust companies will have to divide their businesses into specific categories and ensure those businesses stay within the boundaries of their classifications.
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