10/13/2020
Thailand regulator studies insurers’ call to widen scope of investments, report says
The regulator is consulting with the Bank of Thailand on the request, according to Chuchatr Pramoolpol, deputy secretary general of the OIC.
Legal, Regulation & Compliance
10/12/2020
China's central bank to cut FX risk reserve ratio to zero
The move came after the onshore spot yuan rate ended at a 17-month high on Friday against the dollar, its biggest one-day percentage gain since 2005.
10/12/2020
RBI holds rates steady, sees economic recovery taking root
The RBI has slashed the repo rate by 115 basis points (bps) since late March to cushion the shock from the coronavirus crisis and sweeping lockdowns to check its spread.
10/12/2020
EU warned of global risks to overhauling fund rules
Hong Kong association says a Brexit-driven shutout of foreign managers would dent popularity of EU funds in Asia
10/12/2020
BNU, Bank of China sign new 10-year agreement to issue Macau banknotes
BNU has been issuing Macau patacas since 1906.
10/12/2020
Catastrophe bonds stick in the craw of ESG investors
Appeal of insurance-linked securities, mostly cat bonds, spurred by Covid-19 and Hong Kong-Singapore rivalry
10/12/2020
MAS extends low-cost funding to banks, finance companies to support SME lending
In a statement, the regulator said its latest initiative complements the six-month extension of the TBLP from April 1, 2021 to Sept 30, 2021.
10/12/2020
Allens named Private Equity Legal Adviser of Year
‘Deals have been inked during COVID-19 and there will be more to come.’
10/11/2020
Standard Chartered applies to set up securities firm in China
China's 7.26 trillion yuan ($1.1 trillion) securities industry is opening up
10/09/2020
BSP Revises Minimum Capital Requirement for Digital Banks
The BSP now plans to no longer consider a distinction between a basic or advance digital bank.
10/09/2020
RegTech Asia 2020: Addressing Complex Regulatory Change
From 2-3 September, RegTech Asia 2020 brought together industry experts in an online forum to provide a comprehensive overview of the key regulatory issues impacting Asia-Pacific and the technology solutions that offer support.
10/09/2020
Days of reliable bank dividends ‘long gone’
Westpac should generate strong profits as loan losses fall, cash rates begin to rise, and cost savings are achieved, according to Morningstar.
10/08/2020
Indonesia reforms target central bank’s hard-won independence
Critics say loss of autonomy would shake confidence in south-east Asia’s largest economy
10/08/2020
Motley Fool Closes Hong Kong Office
In its parting statement, Motley Fool also included one last piece of advice for Hong Kongers: to diversify investments outside of local and mainland Chinese equities.
10/07/2020
Banking Industry Collaborates on Trade Finance Registry
The POC, which was developed on a blockchain network supported by technology provider dltledgers, was completed in three months.
10/07/2020
MAS Announces Extension of Credit Support Measures into 2021
To be eligible, individuals should be able to provide proof of income impact and must not be more than 90 days past due on their loan payments.
10/07/2020
China's Hong Kong signs tax pact with Georgia to avoid double taxation
This CDTA will come into force after being approved by related authorities of both sides.
10/07/2020
APRA rolls out new assessment model
APRA may skip the supervisory stages depending on whether an entity needs increased supervision.
10/07/2020
Singapore impact firm obtains HK licences
Earlier this year, 8F Asset Management attracted at least $300m for its first fund from family offices and institutions globally, including Asia.
10/06/2020
AmBank Group implements Kamakura Risk Manager for Basel 3 LCR and NSFR
The Basel Committee on Banking Supervision reformed the LCR and NSFR ratios in response to the financial crisis to ensure that banks hold sufficient reserves of high-quality liquid assets and have adequate stable funding, to promote a more resilient bank