Posts By Editors, Regulation Asia
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562FSB Report Highlights Risks of Continued LIBOR Reliance
Editors, Regulation Asia December 19, 2019In its latest progress report on benchmark reform implementation, the FSB calls for "significant and sustained efforts" to transition away from LIBOR by end-2021.
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458FSB Publishes Work Programme for 2020
Editors, Regulation Asia December 18, 2019The work programme for 2020 reflects the evolving nature of the global financial system and associated risks to financial stability, the FSB says.
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395ASIC Launches Court Proceedings Against NAB Over Service Fees
Editors, Regulation Asia December 18, 2019NAB is alleged to have broken the law more than 12,000 times by charging customers fees for no service and issuing defective fee disclosure statements.
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391US SEC Settles FCPA Charges Against Goldman’s Tim Leissner
Editors, Regulation Asia December 18, 2019Leissner has agreed to be permanently barred from the securities industry for violating antibribery, internal accounting controls, and books and records provisions of federal securities laws.
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413Chinese Banks Told to Further Reduce Small Business Borrowing Costs
Editors, Regulation Asia December 18, 2019The State Council has asked banks to further lower financing costs for small and micro businesses and to increase lending to such businesses by 20% over the next year.
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388IOSCO Offers Guidance on Reducing Conflicts in Debt Capital Raising
Editors, Regulation Asia December 18, 2019The guidance includes proposed regulatory measures to address potential conflicts of interest and associated conduct risks that could arise in the debt capital raising process.
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616HKMA Moderates Approach to Implementing Market Risk Framework
Editors, Regulation Asia December 18, 2019The HKMA says it will finalise Hong Kong’s timeline when there is more clarity on the implementation status in other major jurisdictions.
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294ASIC Urges More Progress to Improve Insurance in Superannuation
Editors, Regulation Asia December 18, 2019ASIC has observed improvements by a "significant number of trustees" as a result of the industry’s implementation of the Insurance in Superannuation Voluntary Code of Practice.
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588Cryptoasset Risk in Misalignment with Investor Profiles: OECD
Editors, Regulation Asia December 18, 2019New OECD research has found a strong likelihood of misalignment between the risk profiles of some financial consumers and the riskiness of cryptoassets.
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410SEBI Restricts FPI Service Provisioning by Local Asset Managers
Editors, Regulation Asia December 18, 2019Asset management companies can provide management and advisory services to "appropriately regulated entities" such as pension funds, insurance companies, banks and mutual funds.
