Philippine financial regulators sign accord to ease bank consolidations
The financial regulators in the Philippines have signed an agreement to streamline bank merger, consolidation, and acquisition (MCA) processes. The…
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China mulls rules to prevent personal data misuse in fintech space
China is planning to strengthen regulations to prevent the misuse and unauthorised personal data collection in the fintech space. At…
BoE mulls capital buffer adjustments for banks to address climate risks
The Bank of England (BoE) is considering making changes to capital buffer requirements for banks to cover climate change-related risks.…
UK to reduce surcharge on banking profits from April 2023
UK Finance Ministry has announced that surcharge on banking profits will be reduced from April 2023. This announcement comes as…
New Zealand passes law requiring banks to disclose climate-related risks
The Government of New Zealand has passed a law that requires financial institutions to disclose and subsequently act on climate-related…
China tightens regulations for systematically important banks
China has released a list of domestic lenders, which will be required to follow tighter regulations to prevent a major…
Evergrande crisis: HKMA seeks exposure reports from banks
The Hong Kong Monetary Authority (HKMA) has reportedly sought reports from banks on their exposure to troubled China Evergrande Group.…
China declares all crypto transactions illegal
The central bank of China has declared that all crypto transactions and services are illegal, widening its ban on virtual…