Capital Adequacy

EU Regulators to Assess Bank Dividend Plans ‘Case-by-Case’

17/10/2022

Steven Maijoor, who serves on the ECB’s supervisory board, said regulators are asking banks to be restrained with dividends and share buybacks.

Cloud & Infrastructure

India Establishes Protocols for Interoperable Regulatory Sandbox

17/10/2022

The interoperable regulatory sandbox will enable firms to test innovative products and services that fall under multiple financial sector regulators.

Data Privacy

China to Interlink All Credit Reporting Systems Nationwide

17/10/2022

The PBOC will establish connectivity between all credit reporting systems and platforms nationwide, so data on each economic entity can be combined into a single “credit file”.

Trading & Investment

Philippine SEC Authorises Country’s First Corporate Debt Vehicle

17/10/2022

The fund will exclusively invest in debt securities such as bonds, notes, commercial paper, debentures, and other evidence of indebtedness.

Structural Regulation

SEBI Issues Framework for Dealing with CRA Licence Cancellations

17/10/2022

The new framework comes after SEBI for the first time cancelled the licence of a CRA, Brickwork Ratings India, and ordered it to wind down its operations within six months.

Sustainable Finance

ABS Launches Sustainability Guidelines for Private Banking

17/10/2022

A common industry training benchmark has also been established to help upskill private banking relationship managers in the area of sustainability.

Trading & Investment

Taiwan: 12 Fund Managers Selected to Receive Policy Concessions

17/10/2022

Ten foreign fund managers and two investment trust companies will receive preferential treatment for one year.

Market Abuse

Hong Kong Court Convicts Former Fulbright Securities AE

17/10/2022

The former account executive, banned for life in 2017, pleaded guilty to employing a fraudulent scheme involving securities transactions in eight stocks.

Anti-Money Laundering

FCA Fines UK Challenger Bank for Weak AML Controls

17/10/2022

Gatehouse Bank failed to perform appropriate checks on customers based in high-risk countries and customers that were classified as PEPs.