Posts By Editors, Regulation Asia
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16CBIRC Revises Regulatory Rating System for Banks
Editors, Regulation Asia September 25, 2021The new rating system will increase emphasis on corporate governance and data governance, and be used as the basis for early detection and intervention to address risk.
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50China: Ex-Citic Group Executive Gets 18 years Jail for Bribes
Editors, Regulation Asia September 24, 2021Zhao Jingwen was sentenced to 18 years in prison and fined CNY 3.2 million for embezzlement and receiving CNY 5.5 million in bribes.
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45NZ FMA Finds “Poor Value” in Credit Card Repayment Insurance
Editors, Regulation Asia September 24, 2021Underwriters and distributors are directed to ensure their systems, processes and controls facilitate good customer outcomes.
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71Japan FSA Issues Business Improvement Order to Mizuho
Editors, Regulation Asia September 24, 2021The order requires Mizuho to submit a report to the FSA by 29 October on its IT systems and detailed improvement plans.
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81IBA Launches New RFR Indexes to Facilitate LIBOR Transition
Editors, Regulation Asia September 24, 2021IBA has now launched RFR indexes for SOFR, SONIA, €STR and TONA, providing daily values that represent accrued compound interest.
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70China Expands Permitted Scope for Overseas Loans
Editors, Regulation Asia September 24, 2021The draft rules seek to impose a cap on the total balance of offshore loans while also loosening restrictions on the types of lending banks can engage in.
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49Ant Group’s Huabei Starts Reporting Credit Data to PBOC Database
Editors, Regulation Asia September 24, 2021The data-sharing arrangement is part of the rectification measures ordered by financial regulators to break Ant Group's “information monopoly” over data collection.
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77Industry Group Considers Options for Protecting Data at FMIs
Editors, Regulation Asia September 24, 2021There is no standard approach to identifying the types of data that need to be protected, nor the manner in which that data should be protected.
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134Industry Bodies Call for Less Stringent Treatment of Cryptoassets
Editors, Regulation Asia September 23, 2021The prudential framework envisaged by the BCBS consultation would create "material impediments" to regulated bank participation in cryptoasset markets.
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105Bursa Malaysia Pledges to Become Carbon Neutral by 2022
Editors, Regulation Asia September 23, 2021Eight initiatives have been identified to support Bursa Malaysia's ambitions to become carbon neutral and achieve net zero emissions.
