Sustainable Finance

FSDC Proposes Measures to Advance Hong Kong as ESG Hub

14/07/2020

Hong Kong needs a more coordinated policy environment and an ESG policy roadmap, to provide greater certainty and foster confidence for institutional investors, the FSDC says.

Payments & Settlements

CPMI Publishes Stage 2 Report on Enhancing Cross-Border Payments

14/07/2020

The report identifies 19 building blocks where further joint public and private sector work could enhance cross-border payments.

Credit Risk

CBIRC Warns of Worsening Asset Quality, Rising Bad Loans

13/07/2020

NPLs will appear in the next period and rise, the CBIRC said, citing deteriorating asset quality, accumulated risks and weaker profitability at small and medium-sized banks.

Trading & Investment

OCBC Launches First SORA-based Home Loan Package

13/07/2020

The 90-Day SORA home loan package is available to buyers of completed private properties with a minimum loan size of S$1mn.

Trading & Investment

Thailand Proposes Rule Changes to Enable Hong Kong MRF

13/07/2020

The mutual recognition of funds scheme will help promote the competitiveness of Thai fund managers and increase investment options for investors in both markets.

Data Privacy

FSC Korea Opens Applications for New MyData Licences

13/07/2020

MyData businesses will allow financial firms and fintechs to offer financial advice to customers using the data they make available through the MyData platform.

Clearing & Post-Trade

SFTR Reporting Regime Goes Live for Sell-Side Firms

13/07/2020

Banks, investment firms, CSDs and CCPs started reporting securities financing transactions to approved trade repositories on Monday.

PEPs & Sanctions

China Imposes Retaliatory Sanctions Against US Officials

13/07/2020

The US President said that a phase two trade deal with China isn’t under consideration, though China has continued to meet its commitments under the phase one deal signed in January.

Structural Regulation

SEBI Allows Foreign Stock Exchanges to Set Up in Gift City

13/07/2020

Indian or foreign stock exchanges can set up a majority-owned subsidiary with other investors to provide stock exchange services in Gift City.