
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Structural Regulation
IBA Consults on Cessation of USD LIBOR ICE Swap Rate
31/08/2022
USD SOFR ICE Swap Rate settings are available for the same tenors for use as a benchmark in financial contracts and instruments.
Cryptocurrency
CME Group Launches Bitcoin, Ether Futures in Euro
31/08/2022
CME says the new contracts will provide institutional investors precise tools to trade and hedge their crypto exposures.
Conduct, Culture & Accountability
Bangladesh NBFIs to Require Approval for All Director Appointments
31/08/2022
The move is aimed at strengthening corporate governance, following a string of frauds and loan scandals in the NBFI sector.
Credit Risk
SEBI Enhances Disclosure Rules for Credit Rating Agencies
31/08/2022
The changes will enhance the transparency and usability of disclosures made by CRAs, SEBI said.
Credit Risk
Korea Prepares ‘New Start Fund’ to Ease SME Debt Burden
31/08/2022
Individually owned enterprises or small merchants hit by Covid will be able to apply for debt adjustment starting in October.
Reporting & Disclosures
More Sustainability Roles Emerging in Finance, Accountancy Sectors
31/08/2022
A study published by ISCA, EY, SMU and SAC identifies three trends in sustainability that will expand the current job roles and skills required for accountancy and finance professionals.
Operational Risk
BIS Examines Adequacy of Operational Resilience Requirements
31/08/2022
Bigtech groups that are interconnected within the financial industry should be subject to group-wide requirements on operational resilience.
Credit Risk
Korea Unveils Measures to Address Revolving Credit Concerns
31/08/2022
Credit card revolving services charge high interest rates, lead to poor credit scores for consumers, and raise the risk of delinquency.
Credit Risk
BSP Approves Guidelines on Large Exposures Monitoring
31/08/2022
The guidelines set out the criteria banks should use to assess economic interdependence between connected counterparties, among other requirements.
Fraud, Scams & Cybercrime
Indian Banks Inconsistently Reporting Fraud Incidents to Regulator
31/08/2022
Kotak Mahindra Bank suggests such digital frauds are not being reported by other banks, making its own figures look disproportionately higher.
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