Posts By Editors, Regulation Asia
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226EnforcementRBI Fines Indian Bank for Violating Cybersecurity Norms
The Reserve Bank of India has fined Indian Bank 10 million rupees for deficiencies in regulatory compliance with cybersecurity norms.
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250Capital RegulationBasel Committee Finalises Pillar 3 Disclosure Requirements
The updated framework accounts for finalised post-crisis reforms under Basel III and includes new disclosure requirements for asset encumbrance and capital distribution constraints.
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283Australia & NZAustralia’s Banking Oligopoly Lacks Mortgage Price Transparency – ACCC
An inquiry by Australia's competition watchdog found that opaque discretionary mortgage pricing at major banks is stifling competition and disincentivising borrowers from seeking better offers.
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214Capital RegulationPBOC Consults Internally on Draft Rules for Financial Conglomerates – Report
New rules for financial holding companies could include requirements on capital adequacy, caps on non-financial assets, and segregation of business units.
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315IndiaSEBI Issues Cybersecurity Framework for Market Infrastructures
Stock exchanges, clearing corporations and depositories have six months to put in place appropriate systems and processes for implementation of the new guidelines.
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179Asia-PacificBursa Malaysia Enhances ETF Framework, Effective in January
“The introduction of innovative ETF products is a welcome development for our ETF market, and should lead to a more vibrant ETF ecosystem," said Bursa Malaysia chief Tajuddin.
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321EnforcementIT Consultant of Singapore Investment Bank Charged with Insider Trading
The US SEC has filed charges against an outsourced IT contractor for trading on inside information while working at the Singapore branch of an investment bank.
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276ChinaChina to Include Dual Class Shares in Southbound Stock Connect Trading
Chinese stock exchanges will work with HKEX to formulate rules enabling mainland investors' access to Hong Kong-listed dual class shares by mid-2019, after banning them in July.
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308ChinaChina Banking Regulator Fines Six Banks a Combined $22mn
The CBIRC has fined six banks a combined 156.3 million yuan for breaching rules on wealth management products, lending, and misleading advertising.
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425FeatureHKMA to Grant Virtual Banking Licences in Q1 2019
The HKMA has provided an update on the processing of virtual banking applications, saying it will shortlist one-third of remaining applicants with an aim to granting licences in Q1 2019.
