Posts By Editors, Regulation Asia
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Australia & NZ
ASIC Calls for Tougher Penalties Against White-Collar Crimes
Australia's chief securities regulator wants to introduce tougher criminal penalties for financial crimes so market participants are forced into following the law.
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Hong Kong
Hong Kong’s SFC Says Will Be On Guard for Market Manipulation
Securities and Futures Commission would watch market activity closely to ensure against market manipulation amid a surge in trading volume.
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Australia & NZ
RBA Paper Cautions on Bank Lending Standards
Regulators should pay close attention to banks’ lending standards and risk profile of borrowers to avert massive credit losses in banks in times of economic shocks, a Reserve Bank of Australia (RBA) paper revealed.
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Countries
Regulatory Advisory Firm Bovill Names New Head for Asia
Specialist financial services regulatory consultancy Bovill said it named Eddie Lim as new head of Bovill Asia.
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China
China Relaxes Banks’ Deposit Rates, Slashes Interest Rates
The People’s Bank of China has cut a quarter of a percentage point off benchmark lending and deposit rates, effective Monday.
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China
China Pushes for More Lending to Small Business
China’s banking regulator urged commercial banks to boost lending to riskier small businesses and the rural sector in a bid to bolster the country’s overall economy.
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India
India Appeases Foreign Investors as Government Moves to Resolve Tax Row
India is setting up a panel that will suggest ways to resolve disputes arising from the country’s imposition of the minimum alternate tax (MAT), a levy imposed on years-old capital gains of foreign companies.
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Korea
S Korea’s FSC Aims to Get More Banks to Fund Fintech Firms
South Korea's Financial Services Commission (FSC) said the state-run policy lenders Korea Development Bank and the Industrial Bank of Korea will allocate 200 billion won ($184.9 million) in funds this year to support financial technology companies or fintech.
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China
China Plans to Allow Residents to Invest Overseas via FTZ
China plans to allow Chinese individuals to invest in financial markets overseas through the Shanghai Free Trade Zone (FTZ).
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Asia-Pacific
GIC Adopts Omgeo ALERT to Boost Operational Efficiency
Omgeo announces that Singapore’s sovereign wealth fund GIC has adopted Omgeo ALERT as its settlement instruction service.
