Capital Adequacy

CBIRC Calls Out Four Insurers for Reporting False Solvency Data

11/01/2023

AIA and PICC said the incorrect data in their solvency reports was due to an incorrect understanding of the rules as well as calculation errors.

Sustainable Finance

Thailand Exempts New SRI Funds from Establishment Fees

11/01/2023

The fee exemptions are intended to support fund managers companies in giving more weight to sustainability-driven securities investment.

Payments & Settlements

PayNow-UPI Linkage is Ready for Launch: MAS Official

11/01/2023

MAS chief fintech officer Sopnendu Mohanty said the integration of the two payment networks is “ready and waiting for launch”.

Conduct, Culture & Accountability

SGX RegCo Finalises Rules on Independent Director Tenure

11/01/2023

Listing rule changes introduce a nine-year tenure limit for independent directors and requirements for enhanced remuneration disclosures in annual reports.

Structural Regulation

Malaysia SC Revises Guidelines for Credit Rating Agencies

11/01/2023

The revised guidelines introduce higher standards on governance, internal controls and integrity in rating processes and assessments.

Structural Regulation

CSRC to Prevent IPOs from Firms in Non-Strategic Sectors

11/01/2023

The move is aimed at channelling resources into sectors that align with the national agenda, such as information technology and advanced manufacturing.

Alternative Markets

SEBI Proposes to Standardise Approach to AIF Portfolio Valuation

10/01/2023

SEBI proposes that PE funds, angel funds, and VC funds in India adopt the internationally recognised IPEV guidelines for portfolio valuation.

Market Abuse

China to Crack Down on ‘Malicious Speculation’ in Iron Ore Market

10/01/2023

The NDRC said it will crack down on the spreading of false information, price gouging and speculation to ensure the smooth operation of the iron ore market.

Credit Risk

CBIRC Drafts Revisions to Loan Management Rules for Banks

10/01/2023

Among other measures, the rules set requirements on the maximum term of different types of loans, to help banks guard against maturity mismatch risks.