Conduct, Culture & Accountability

CBIRC Expands Corporate Governance Evaluation System for FIs

05/12/2022

The evaluation indicators were revised to increase focus on areas such as major shareholders, party leadership, shareholder equity, related transactions, and director nomination.

Fraud, Scams & Cybercrime

SEBI Instructs Fund Managers to Monitor Telegram for Name Misuse

05/12/2022

SEBI said some Telegram groups were impersonating mutual fund houses and has instructed AMCs to put in place monitoring to detect such activity.

Payments & Settlements

BSP Launches New, Free, Interoperable Bill Payment Facility

05/12/2022

Through Bills Pay PH, customers can make digital payments to almost 500 on-boarded billers for free even if they use different payment service providers.

Clearing & Post-Trade

Euroclear to Link Global Investors to Korea Treasury Bonds

05/12/2022

Euroclear Bank and Korea Securities Depository will collaborate to provide international investors post trade access to Korea treasury bonds and monetary stabilisation bonds.

Structural Regulation

FSC Korea Outlines Plans to Require English Disclosures

05/12/2022

Listed companies with KRW 10 trillion in assets will have to issue English disclosures from 2024. Those with KRW 2 trillion in assets will follow suit from 2026.

Liquidity Risk

China Banks Told to Provide Offshore Loans to Developers

05/12/2022

The banks are asked to provide offshore loans to developers so they can repay their offshore loans and dollar bonds.

PEPs & Sanctions

US Court Dismisses Remaining Charges Against Huawei CFO

05/12/2022

The charges against Meng Wanzhou were dismissed as part of her September 2021 deferred prosecution agreement.

Trading & Investment

Malaysia Extends Night Trading Session by Three Hours

05/12/2022

The After-Hours Trading session will end at 2.30am instead of 11.30pm for selected derivatives contracts, Bursa Malaysia Derivatives said.

CBDCs

Bank Indonesia Outlines Plans to Commence CBDC Testing

05/12/2022

The first two phases will focus on experimentation with a wholesale CBDC. The third and final stage will involve end-to-end integration with a retail CBDC.