Posts By Editors, Regulation Asia
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421Australia & NZASIC Consults on Oversight of New Financial Complaints Body
The regulator seeks feedback on whether firms need transitional relief from dispute resolution disclosure obligations in the lead up to the new body’s commencement in November.
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459Australia & NZAPRA Mulls Removal of Mortgage Lending Cap
Removing the 10 percent growth cap would enable banks to increase mortgage lending, ease mortgage rates for investors and boost competition in the sector.
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415ChinaChinese Exchanges to List ‘Belt and Road’ Bonds
Seven domestic and foreign companies have so far been granted approval to list Belt and Road bonds on the Shanghai and Shenzhen stock exchanges.
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450Asia-PacificVietnam Banks Receive Fitch Ratings Upgrades
Positive rating action for Military Bank, Vietcombank and Vietinbank reflect improvements in asset quality and declining rates of bad debt.
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481EnforcementIndia Approves Independent Audit Oversight Body
The new body will have powers to impose penalties or debar chartered accountants or their firms for up to ten years.
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421ChinaChina to Cap Money Market Fund Redemptions
The limit for same-day redemptions will be set at CNY10,000, according to Bloomberg sources.
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461FeatureTaiwan Brokers Set to Issue Exchange Traded Notes
Brokers with capital adequacy exceeding 250 percent and net value over NTD10 billion will be allowed to issue the new debt instruments.
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425IndiaRecent Fraud Prompts India Trade Finance Freeze
RBI audit of bank liabilities forces freeze on new letters of credit; foreign lenders reluctant to accept guarantees from Indian banks.
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1.1KAML / KYCBangladesh Bank to Introduce e-KYC for Account Opening
Electronic KYC will include digital forms and thumbprint verification; bank can access national identity card database for further verification.
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256IndiaIndia Eases Foreign Investor Limits on Interest Rate Futures
Aggregate long positions for all FPIs will be up to INR50 billion across any interest rate futures instrument.
