Posts By Editors, Regulation Asia
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1.3KUS, Singapore Jointly Declare Opposition to Data Localisation
Editors, Regulation Asia February 6, 2020The US and Singapore support allowing financial service suppliers to transfer data across borders and oppose generally applicable data localisation requirements.
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1.1KACAMS Pledges Support for Anti-Slavery & Trafficking Initiative
Editors, Regulation Asia February 6, 2020ACAMS will encourage financial crime professionals globally to adopt a blueprint for mobilising finance against modern slavery and human trafficking.
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451Malaysian Central Bank Publishes Inaugural D-SIBs List
Editors, Regulation Asia February 6, 2020Maybank, CIMB and Public Bank have been designated as D-SIBs and will have to maintain extra capital buffers from 31 January 2021 to reduce the probability of failure.
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412ACCC Publishes Final Data Sharing Rules for Open Banking
Editors, Regulation Asia February 6, 2020The Consumer Data Right Rules give legislative force to consumer requests for banks to share their data with accredited data recipients.
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559ISDA to Re-consult on Pre-cessation Fallbacks This Month
Editors, Regulation Asia February 6, 2020ISDA will consult on a single protocol that would allow participants to include both pre-cessation and permanent cessation fallbacks in derivatives trades.
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719India Streamlines FPI Registration Process
Editors, Regulation Asia February 5, 2020The new 'Common Application Form' can be used for three purposes - FPI registration with SEBI, PAN issuance by the CBDT, and KYC for account opening with intermediaries.
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461India Raises Deposit Insurance Cover Five Fold
Editors, Regulation Asia February 5, 2020Finance Minister Nirmala Sitharaman announced in her Budget Speech that deposit insurance would be increased to 500,000 rupees per depositor.
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423BOT Launches Phase Three of ‘Debt Clinic’ Scheme
Editors, Regulation Asia February 5, 2020Phase 3 will expand the scope of covered personal debt to include cases involving a single debtor. The Debt Clinic has so far helped over 3,000 borrowers refinance bad debt.
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392SEBI Asks Exchanges to Review Commodity Derivatives Performance
Editors, Regulation Asia February 5, 2020Performance reviews of commodity derivatives contracts should be conducted each year to ensure alignment with the physical markets.
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824MAS to Broaden Range of Climate Risks Included in Stress Tests
Editors, Regulation Asia February 5, 2020The current priority is to collect climate-related data and understand how it impacts FIs in order to conduct a proper stress test, says MAS board member Ong Ye Kung.
