Posts By Editors, Regulation Asia
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1.1KBasel Committee Launches Consolidated Basel Framework
Editors, Regulation Asia December 16, 2019The framework brings together all of the Basel Committee's global standards for the regulation and supervision of banks.
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279APRA Delays Implementation of Product Responsibility under BEAR
Editors, Regulation Asia December 16, 2019APRA will delay finalising its consultation on the product responsibilities under BEAR to align with the government’s proposed extension of the accountability regime.
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614SWIFT Opens KYC Registry to Corporate Groups
Editors, Regulation Asia December 16, 2019Enabling corporate groups on the KYC Registry allows them to improve how their KYC data is structured, while freeing up their banking partners from having to chase down documentation.
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601IOSCO Unveils Framework for Monitoring Leverage-related Risks in Funds
Editors, Regulation Asia December 16, 2019IOSCO has developed a framework for monitoring leverage across all types of investment funds globally, to help regulators assess leverage-related risks that can undermine financial stability.
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404RBNZ Orders ANZ New Zealand to Improve Director Attestation Processes
Editors, Regulation Asia December 16, 2019A report from Deloitte shows some level of complacency in ANZ’s director attestation framework, but no evidence of a culture that supports non-compliance or deception.
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446ASIC Increases Scrutiny on Audit Practices as Quality Drops
Editors, Regulation Asia December 16, 2019ASIC's latest inspection results show that audit firms did not obtain the required assurance in 26% of examined key audit areas, particularly in the audit of revenue and non-financial asset impairment.
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514MAS Revokes Fund Manager’s CMS Licence for Regulatory Breaches
Editors, Regulation Asia December 16, 2019The CMS licensee is a Singapore company set up by CT Bright Holdings Limited, a joint investment vehicle formed by Thai conglomerate CP Group and Japan's ITOCHU Corporation.
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412TMA Publishes Consultation Conclusions on HONIA Enhancements
Editors, Regulation Asia December 16, 2019HONIA will continue to be calculated based on data from the existing five contributing money brokers for now, but the reporting window will change to 8:00-16:00.
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511FSC Korea Finalises Measures to Protect Investors From Risky Products
Editors, Regulation Asia December 16, 2019The sale of highly complex derivative products will still be banned, but banks will be allowed to sell equity-linked trusts linked to the KOSPI 200, S&P 500, Euro Stoxx 50, HSCEI or Nikkei 225.
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454HKEX Finalises Enhancements to Pre-Opening Session, Volatility Controls
Editors, Regulation Asia December 16, 2019The enhancements to the pre-opening session will be adopted in the second quarter of 2020. The stock-level volatility control mechanism will be expanded in the second half of 2020.
