Posts By Editors, Regulation Asia
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622Asia-PacificOutlook on 14 APAC Banking Systems is Negative: Moody’s
Coronavirus-related disruptions will weaken the operating environment and weigh on asset quality, despite policy measures to help mitigate the effects on banks.
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449Australia & NZNew Zealand Banks Agreed to Suspend Dividends: RBNZ
Banks have also agreed to not redeem non-CET1 capital instruments, while the RBNZ works to launch a new 3-year funding scheme by May.
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1.0KAML / KYCGlobal AML, Sanctions Fines Topped $8bn in 2019: Fenergo
Last year was the second-biggest year on record for fines against financial institutions for AML and sanctions violations, according to a new report from Fenergo.
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521IndiaRBI Grants Exemptions to Small Finance Banks
Existing small finance banks will not need prior RBI approval to undertake non-risk sharing simple financial service activities or open banking outlets in unbanked rural centres.
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1.0KAML / KYCHong Kong: SME Director Pleads Guilty to Defrauding 5 Banks
DBS, HSBC, ICBC, Dah Sing Bank and Wing Hang Bank were defrauded of about HK$47.5mn in loans and banking facilities.
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562Asia-PacificPhilippines Mandates 30-Day Grace on Loans During Covid-19 Lockdown
All lenders are barred from charging interest, penalties, fees, or other charges on all loans to individuals, households, MSMEs and corporate borrowers during Luzon's enhanced community quarantine.
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530ChinaCSRC Starts Accepting Licence Applications from US Fund Managers
BlackRock and Neuberger Berman applications to set up wholly-owned mutual fund units were accepted on the first day foreign ownership caps were scrapped in China.
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496Australia & NZAPRA, RBA Announce Changes to Financial Firms’ Reporting Obligations
The agencies are standardising quarterly reporting due dates, deferring two reporting initiatives, and introducing a new reporting standard for SME lending.
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365Australia & NZNZ Banks Get Government Guarantee on New Loans
Business loans under a new NZ$6.25bn scheme will be supported by a government guarantee on 80% of the loan amount.
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384India
India Further Opens Bond Market to Non-resident Investors
The RBI has fully opened certain categories of government securities to non-resident investors and raised the FPI limit for investment in corporate bonds.
