Posts By Editors, Regulation Asia
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408Hong KongHong Kong Bankers Compare Covid-19 to ‘Nightmare’ Stress Test
The actions being taken to combat the novel coronavirus are reportedly "very close" to those taken in a simulated exercise last October, which involved a pandemic, cyberattack and telecoms breakdown.
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279KoreaS. Korea to Deploy Emergency Measures to Minimise Covid-19 Impact
The central bank is working on financial aid packages for the sectors directly affected by Covid-19, on top of the 1.9bn won package already announced by the government to aid SMEs and small merchants.
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238Asia-PacificBangladesh Banks to Get Credit Support for Stock Market Investment
Stock market investment through the credit support package will not count towards the maximum allowed stock market exposure of 25% of capital.
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235Australia & NZAPRA, ASIC Welcome Reforms on Superannuation Regulation
ASIC will be focused on conduct issues involving superannuation trustees, while APRA will be focused on prudential supervision of trustee activities.
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256EnforcementFSC Korea to Lower Derivatives Mis-selling Fines for Woori, KEB Hana
The FSC will impose lower penalties than what was recommended by the FSS, citing the two banks’ cooperation and their agreements to compensate clients for damages.
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267Australia & NZASIC Imposes Lifetime Ban on Macquarie Equities Adviser
The adviser misrepresented the value of his client’s portfolio on 19 separate occasions, and engaged in trading without proper authority of the client.
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495Fintech / RegtechHKMA Invites Tenders to Facilitate Regtech Adoption in Banking
The HKMA is inviting tenders for the provision of professional services to help it facilitate the adoption of regtech by the banking industry.
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822Market InfrastructureMAS Issues Guidance on Investment Suitability, Pricing in Private Banking
MAS looks to private banks’ boards and senior management to ensure the effectiveness of policies, processes, controls and systems in sales and advisory practices, and to shape the staff behaviour.
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249IndiaSEBI Introduces New System to Detect Broker Misuse of Client Securities
An online register will record brokers’ holdings of client securities, clubbing all such information collected by exchanges, depositories and clearing corporations for all types of trades.
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317Fintech / RegtechS. Korea FSC to Educate Market New Data Usage Rules
Pseudonymised personal information may be used without customer consent for statistical, industry research and public documentation purposes.
