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251ChinaChina Issues Final Rules on Handling Corporate Bond Defaults
Editors, Regulation Asia July 7, 2020The final rules establish trustee managers, bondholder meetings and intermediaries as investor safeguards in the disposal of defaulted corporate bonds.
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1.0KAML / KYCUsing Privacy Preserving Analysis to Tackle Financial Crime
Manesh Samtani, Regulation Asia July 7, 2020Privacy enhancing technologies, or PETs, may provide a "similar or, even, identical utility" compared to analysis of the raw data in some use-cases, says an FFIS paper.
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214ChinaCBIRC to Grade Banks on SME Credit Provisioning
Editors, Regulation Asia July 7, 2020The first evaluation of how effectively banks are providing financial services to SMEs will cover 2019, and be completed by 31 October 2020.
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259EuropeBOE Sets Deadline for UK Firms to Embed Climate Risk
Editors, Regulation Asia July 7, 2020By end-2021, financial firms will have to be able to demonstrate that their approaches to managing climate-related financial risk have been implemented and embedded in their organisations.
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105Capital RegulationTaiwan FSC Proposes Rules Changes for Foreign Bank Branches
Editors, Regulation Asia July 7, 2020The FSC proposes to allow loan loss provisions and reserves to be used in calculating net worth, accumulated losses and total deposits, which have a bearing on lending capacity.
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1.0KAsia-PacificBSP Set to Issue Digital Bank Licensing Framework
Editors, Regulation Asia July 7, 2020Foreign individuals will be allowed to own up to 40% of a digital bank, while qualified foreign banks can own up to 100%.
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654InternationalSingapore Regulator Raises Concerns Over LSEG-Refinitiv Deal
Editors, Regulation Asia July 7, 2020Singapore's competition regulator has concerns about whether Refinitiv’s widely used WM/Reuters FX benchmarks would be offered to rival providers at fair and reasonable terms.
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458AML / KYCCBIRC Discloses List of ‘Illegal Shareholders’ of Banks, Insurers
Editors, Regulation Asia July 7, 202020 of the 38 companies on the list are linked to either Baoshang Bank or Anbang Insurance, which both needed a state bailout in recent years.
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1.1KMarket Infrastructure16 Banks Announce Initiative to Digitalise Payments Across EU
Editors, Regulation Asia July 6, 2020The unified payment solution for consumers and merchants across Europe will encompass a payment card, digital wallet, and online and P2P payments.
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1.0KAML / KYCS. Korea Approves Use of Biometrics for Digital Identification
Editors, Regulation Asia July 6, 2020Korea's Fair Trade Commission has revised bank transaction law to allow the use of biometrics for identification in bank teller transactions.
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