Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Capital / Liquidity
Singapore Banking Amendment Bill Introduced in Parliament
05/11/2019
The bill will remove the DBU-ACU divide, expand the grounds for which MAS can revoke bank licences, and empower MAS to regulate outsourcing arrangements.
Fintech / Regtech
S. Korea Establishes Legal Basis for P2P Lending Businesses
05/11/2019
Korea has passed new legislation establishing a legal basis for the operation of P2P lending businesses and the regulatory oversight role of the FSC and FSS.
Enforcement
China Forestry Liquidators File Lawsuit Against Pre-IPO Auditor
05/11/2019
The plaintiffs allege that KPMG “negligently failed to identify that they were the victims of a serious and pervasive false accounting by former members of executive management.”
AML / KYC
OCBC Enables Instant Bank Account Opening for Startups
05/11/2019
OCBC Enables Instant Bank Account Opening for Startups
Capital / Liquidity
Japan Banks to Gain Easier Access to Capital from Larger Peers
05/11/2019
Under a special measure to be launched in March, a bank’s capital-to-asset ratio will not be reduced when it invests in a struggling peer.
Capital / Liquidity
SEBI Mandates Immediate Disclosure of NPA Divergences
04/11/2019
SEBI has directed listed banks to disclose any divergences in bad loan provisioning immediately, rather than waiting to publish the information in their annual financial statements.
Fintech / Regtech
China Adopts Certification System for Fintech Products
04/11/2019
For certification, fintech products will be subject to testing and inspection for safety, quality assurance and product consistency.
Market Infrastructure
RBI Reorganises Regulation, Supervision Departments
04/11/2019
The RBI has integrated all its supervision functions into a unified ‘Department of Supervision’, and its regulatory functions into a unified ‘Department of Regulation’.
Market Infrastructure
S. Korea Passes Benchmark Legislation, Seeks BMR Equivalence
04/11/2019
The new legislation will strengthen the management and supervision of financial benchmarks and their administrators, the FSC said.
Fintech / Regtech
Hong Kong Enables Govt Bill Payment Via FPS QR Code
04/11/2019
Bills related to tax, government rates and rent, and water will be issued with FPS QR codes moving forward.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team