The CBIRC is scrapping requirements that only allowed insurers to invest in bank bonds of large issuers based on their asset size, capital adequacy and credit rating.
May 31, 2020The move could impact Hong Kong's special trade status under US law, lead to sanctions against officials, and trigger a downgrade of the city's credit rating.
May 28, 2020Companies may no longer need to wait months for their credit status to be upgraded after a default is 'cured' and payments are regularised.
May 25, 2020The requirement for ABS issuers to be rated BB or higher will be removed to facilitate the use of securitisation for SME and startup financing, among other measures.
May 21, 2020The AMLC has urged lawmakers to quickly pass legislative amendments to address AML/CTF deficiencies to avoid being grey- or black-listed by the FATF.
March 8, 2020South Korea's FSC has announced new policy measures in five key areas to promote fintech and digital finance, and establish a stronger foundation for financial sector innovation.
February 27, 2020The bills allow the commercial use of unidentified individuals without seeking their consent. A new data exchange will be launched in March.
January 13, 2020The working group tasked with recommending changes to the framework comprises representatives from the Securities Investors Association Singapore, DBS, OCBC, and UOB, among others.
January 2, 2020Minimum foreign investment into fund-based services by unregulated entities to be set at $20 million; $2 million for non-fund based services.
April 19, 2018