Posts By Editors, Regulation Asia
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727AML / KYCHong Kong Not Obliged to Enforce US Sanctions – Report
Hong Kong is not obliged to enforce unilateral sanctions imposed by individual jurisdictions including the US, a senior official said in regards to Huawei's alleged dealings with Iran.
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441IndiaSEBI Allows Mutual Funds to Segregate Distressed Assets in Portfolios
At its latest board meeting, SEBI approved a plan to allow mutual funds to create segregated portfolios for assets experiencing credit events, among a number of other proposals.
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723Asia-PacificPhilippines to Introduce Basel III Countercyclical Capital Buffer
The CCyB will initially be set at 0% but is subject to upward adjustment – up to a maximum of 2.5% – when warranted by systemic conditions.
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742FeatureSFC Concludes Consultation on Enhancements to OTC Derivatives Regime
OTC derivatives participants will be subject to new risk mitigation requirements, as well as conduct requirements for dealings with group affiliates and related parties.
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796Capital RegulationFRTB Capital Requirements Set for Further Delays – Report
European legislators have reportedly agreed to initially introduce only the reporting requirements under FRTB and delay the capital requirements.
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544EnforcementRBI Fines Indian Bank for Violating Cybersecurity Norms
The Reserve Bank of India has fined Indian Bank 10 million rupees for deficiencies in regulatory compliance with cybersecurity norms.
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584Capital RegulationBasel Committee Finalises Pillar 3 Disclosure Requirements
The updated framework accounts for finalised post-crisis reforms under Basel III and includes new disclosure requirements for asset encumbrance and capital distribution constraints.
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1.2KAustralia & NZAustralia’s Banking Oligopoly Lacks Mortgage Price Transparency – ACCC
An inquiry by Australia's competition watchdog found that opaque discretionary mortgage pricing at major banks is stifling competition and disincentivising borrowers from seeking better offers.
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544Capital RegulationPBOC Consults Internally on Draft Rules for Financial Conglomerates – Report
New rules for financial holding companies could include requirements on capital adequacy, caps on non-financial assets, and segregation of business units.
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744India
SEBI Issues Cybersecurity Framework for Market Infrastructures
Stock exchanges, clearing corporations and depositories have six months to put in place appropriate systems and processes for implementation of the new guidelines.
