Posts By Editors, Regulation Asia
-
224Australia & NZClearView Completes Advice Remediation Programme
Financial compensation totalling A$730,000 was offered to 215 clients who were harmed by poor advice, while another 21 clients received non-financial remediation.
-
287Asia-PacificBangladesh Banks Face Capital, Provisioning Shortfalls
Recent policies to help delinquent borrowers have incentivised good borrowers to default, leading to a rise in NPLs that is threatening to overwhelm banks.
-
257ChinaTencent, Alibaba Refuse to Share Data to National Credit Database
Tencent Credit and Alibaba’s Sesame Credit hold more customer data than any of their online lending peers, but they are not providing the data to the national credit database.
-
185Asia-PacificVietnam Banks Ordered to Control Loans Backed by Savings Book
The SBV says banks may not allow borrowers to use long term savings books as collateral for loans if they have no plans to use the capital.
-
357Asia-PacificThailand, Cambodia Sign MoU on Cross-Border Listings
A working group will be formed to implement mechanisms for cross-border equity offerings, dual listings and depositary receipts between the two countries.
-
337Big PictureFinancial Firms Largely Unprepared for LIBOR Transition: Survey
Although 84% of financial firms have a formal LIBOR transition plan in place, only 18%of them describe their programmes as ‘mature', according to a new Accenture report.
-
186IndiaRBI Proposes to Directly Regulate Payment Gateways, Aggregators
The paper proposes that payment gateways and payment aggregators be required to have a minimum net-worth of 1 billion rupees, among other requirements.
-
216Australia & NZAustralia Reintroduces Amnesty Bill for Unpaid Superannuation
The bill will provide amnesty to employers who have underpaid superannuation up to 27 years ago, if they disclose their failures within two years and repay the full amount.
-
337ChinaSAFE Blacklists FX Firms As Illegal Capital Outflows Increase
SAFE has asked financial institutions to monitor for leveraged forex trading and blacklisted 43 FX firms amid signs that illegal capital outflows have been increasing.
-
244Australia & NZACCC Chair Flags Lack of Competition in Retail Banking
The ACCC’s Rod Sims said the lack of competition is not surprising in a market dominated by four players, where no other players have managed to make serious inroads to displace them.
