Posts By Editors, Regulation Asia
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525HK Banks Pledge Continued Leniency for SME Borrowers
Editors, Regulation Asia January 21, 2020At the second meeting of the Banking Sector SME Lending Coordination Mechanism, established in October, banks agreed to a number of additional measures to aid SME borrowers.
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623CSRC Lifts Citadel Securities’ 4-Year Trading Suspension
Editors, Regulation Asia January 21, 2020Citadel Securities has agreed to pay almost $100mn to settle charges that its algorithmic trading disrupted the market during the 2015 market correction.
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473SFC Offers Brokers, Fund Managers Guidance on Risk Governance
Editors, Regulation Asia January 21, 2020Senior management, including the board, responsible officers and MICs will be held accountable for the overall risk management control of their firms.
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404Moody’s Downgrades Hong Kong, Citing Lack of Response to Unrest
Editors, Regulation Asia January 21, 2020The absence of an effective response by Hong Kong's government to address the concerns of the population indicate weaker institutional and governance strength.
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1.4KFormer CFTC Chair Launches Digital Dollar Project with Accenture
Editors, Regulation Asia January 20, 2020The Digital Dollar Project is a multi-stakeholder initiative to explore options for creating a US dollar CBDC, which would coexist with other Federal Reserve liabilities.
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587Myanmar to Issue New Licences to Foreign Banks
Editors, Regulation Asia January 20, 2020Foreign banks that have had a representative office in Myanmar for at least three years can apply for a branch licence or a subsidiary licence.
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613SEBI Proposes Stricter Rules for Investment Advisers
Editors, Regulation Asia January 20, 2020The rules include higher net worth requirements, caps on advice fees, and client level segregation of investment advice from product distribution.
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405RBI Issues Operational Guidance for UCB Large Exposure Reporting
Editors, Regulation Asia January 20, 2020Large urban cooperative banks have to report exposures over 50mn rupees to a central repository within one month from the end of each quarter.
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464IOSCO Issues Final Report Recommending UTC Time Stamping of Trades
Editors, Regulation Asia January 20, 2020Trading venues and their participants should synchronise the clocks they use for timestamping reportable events with coordinated universal time (UTC), IOSCO says.
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411CBIRC Whistleblower Handling Mechanism to Take Effect from March
Editors, Regulation Asia January 20, 2020The measures oblige banking and insurance supervisors to investigate violations of banking and insurance laws and regulations reported by whistleblowers, and to protect their privacy.
