Posts By Darien Choong, Regulation Asia
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215China Directs Accounting Firms to Improve Governance, Audit Quality
Darien Choong, Regulation Asia December 16, 2021Accounting firms are asked to conduct their annual self-evaluation and reviews using a new 'evaluation index system', and submit self-assessment reports by 31 May each year.
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180SAFE Issues Conduct Guidelines for Foreign Exchange Market
Darien Choong, Regulation Asia December 15, 2021The guidelines require market participants to process customer transactions in a "fair, transparent and honest" manner and guard against conflicts of interest.
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179CSRC to Enhance Account Management in Securities Industry
Darien Choong, Regulation Asia December 14, 2021A pilot project has been initiated with 10 securities firms to optimise their account management functions and ensure the safety of customer funds.
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314Taiwan FSC Directs Banks to Rein in Real Estate Credit Risk
Darien Choong, Regulation Asia December 13, 2021Banks are instructed to review their concentration of real estate lending business and strengthen risk controls and post-loan management.
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526China: Top Banking and Securities Officials Accused of Corruption
Darien Choong, Regulation Asia December 10, 2021A new wave of anti-corruption probes has brought down senior officials and executives from the SSE, CSRC, CBIRC, ICBC and Everbright Bank.
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191China to Improve IP Financing Mechanism to Boost Cross-Border Trade
Darien Choong, Regulation Asia December 10, 2021The State Council is seeking to establish a cross-regional intellectual property transaction service platform, which would enable technology companies to pledge their IP for financing.
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180CSRC to Streamline Regulatory System for Listed Companies
Darien Choong, Regulation Asia December 9, 2021Rules and regulations from the CSRC, SSE and SZSE will be merged and integrated into 182 regulations, a reduction of 60 percent.
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Taiwan FSC to Increase Flexibility of OBU Account Regulations
Darien Choong, Regulation Asia December 8, 2021Restrictions on fund movements and parking of funds in offshore banking unit accounts will be eased, the FSC said.
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199China to Redeploy Retiring Execs from Established to Smaller FIs
Darien Choong, Regulation Asia December 8, 2021Retiring senior professionals from large FIs will have the opportunity to serve as senior executives, independent directors or external supervisors at small and mid-sized banks and insurers.
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125CBIRC Issues Draft Rules on Fair Pricing of Banking Services
Darien Choong, Regulation Asia December 7, 2021Banks should not engage in unfair competition through low pricing, and they must not charge fees without providing substantive services.
