Posts By Editors, Regulation Asia
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507ASIC Launches Court Proceedings Against Volkswagen Financial Services
Editors, Regulation Asia December 24, 2019ASIC says Volkswagen contravened the responsible lending provisions of the National Credit Act in relation to 49,380 loan contracts.
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339APRA Issues 2nd Consultation Package on Superannuation Data Collection
Editors, Regulation Asia December 24, 2019APRA has released two topic papers addressing the most urgent gaps in its data collection, particularly for choice products and investment options.
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421Macau Banks Encouraged to Set Up on Mainland: CBIRC
Editors, Regulation Asia December 24, 2019China has unveiled a raft of policies to increase financial cooperation with Macau, largely seen as a reward for the city's adherence to ‘One Country, Two Systems'.
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517Amundi-BOC Wealth Management JV Wins CBIRC Approval
Editors, Regulation Asia December 23, 2019The joint venture is expected to launch during the second half of 2020. Amundi will own a 55% stake while BOC Wealth Management will own the other 45%.
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719Taiwan Lowers D-SIB Surcharge Following Complaints from Banks
Editors, Regulation Asia December 23, 2019The new rules ask Taiwan's five D-SIBs to keep their capital ratios 2 percentage points higher than other banks, compared to 4 percentage points higher in the previous version.
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534SFC Proposes Enhancements to OFC Regime
Editors, Regulation Asia December 23, 2019The changes include a mechanism for overseas corporate funds looking to re-domicile in Hong Kong. OFCs will also have to keep a register of beneficial shareholders.
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854Wolfsberg Group Urges ‘Effectiveness’ Emphasis in AML/CTF Programmes
Editors, Regulation Asia December 23, 2019FIs are devoting resources to maximise technical compliance, while not necessarily optimising detection or deterrence of illicit activity, the Wolfsberg Group says.
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343Governance, Accountability in Focus in Phase Two Review of RBNZ Act
Editors, Regulation Asia December 23, 2019The government will progress a number of key 'in-principle' decisions of the review by enacting two separate Acts to replace the Reserve Bank of New Zealand Act 1989.
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400ICMA Publishes DLT Regulatory Directory and Brief
Editors, Regulation Asia December 23, 2019The directory and brief seek to provide a non-exhaustive overview of recent DLT regulatory guidance, legislative initiatives, strategy papers and other publications in selected jurisdictions.
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612Westpac Faces Shareholder Class Action for Possible Disclosure Failures
Editors, Regulation Asia December 23, 2019The class action, filed by law firm Phi Finney McDonald, will rest on whether Westpac breached disclosure obligations or misled investors about the extent of its AML compliance failures.
