Posts By Editors, Regulation Asia
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54IndiaSEBI Proposes Additional Requirements for Resigning Auditors
Under the proposal, auditors will be required to finalise their audit reports and make detailed disclosures regarding their reasons for resignation from listed companies.
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121Australia & NZASIC Proposes Total Ban on Insurance Sales by Phone
ASIC's ban will protect consumers where sales issues and consumer harm have already been identified, ahead of wider legislative reform by the government.
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102Capital Regulation
SEBI Tightens NPA Disclosure Requirements for Listed Banks
Listed banks will have to make disclosures if the additional provisioning for NPAs assessed by RBI exceeds 10% of reported profit, compared to 15% previously.
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202InternationalSWIFT Completes Latest gpi Trial with Singapore FAST
All cross-border payments in the trial, which involved 17 banks across 7 countries, settled end-to-end within 25 seconds. SWIFT gpi has also now been introduced for corporates.
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410Asia-PacificThailand to Mandate Extra Reporting Rule for Digital Asset Trades
Digital asset exchanges will have to report all trades exceeding 5 million baht to commercial banks, which will then report the transactions to the Thailand's Anti-Money Laundering Office.
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291EnforcementS. Korea Forms Special Unit to Investigate Unfair Trading
The squad comprises 16 special judicial police officers, one FSC public official and 15 FSS employees, tasked with handling unfair trading cases under the command of Seoul prosecutors.
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332Australia & NZNew Zealand FMA Assesses Financial Sector Cyber Resilience
Market participants appear to be relying heavily on protective measures, while underinvesting in detection measures as part of their overall cyber-resilience, the FMA said.
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439Capital RegulationChina Enhances Market Exit Mechanism for Failing Financial Institutions
China currently lacks smooth market exit channels, reflected in insufficient supporting measures and high exit costs for financial institutions in distress, said an NDRC spokesperson.
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317Fintech / Regtech
Korea to Enhance Transparency of Digital Bank Evaluations
The FSC has announced changes to the operational procedures of its evaluation committee for internet-only bank, amid plans to reopen applications for new licences on 10 October.
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400Australia & NZAPRA Set for Dramatic Overhaul in Response to Capability Review
Among the review's recommendations are proposed veto powers to prevent the appointment or reappointment of "inappropriate" directors and senior executives at regulated entities.
