Posts By Editors, Regulation Asia
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794Taiwan FSC to Amend Rules on Beneficiary Disclosure
Editors, Regulation Asia December 20, 2018Insufficient disclosures of corporate clients' beneficiaries by financial institutions was cited as one of Taiwan's shortcomings in the APG's latest report.
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832Licensed Corporations Should Carefully Review Internal Controls – SFC
Editors, Regulation Asia December 20, 2018The SFC has reviewed brokers' internal control systems and found they are not adequately protecting client assets, supervising their staff or incentivising good compliance culture.
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734PBOC Unveils New ‘Targeted’ Liquidity Facility for Banks
Editors, Regulation Asia December 20, 2018The new 'targeted medium-term lending facility' is available to banks that demonstrate support for the real economy by lending to small and private companies.
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710MAS Extends Prohibition Against Goldman’s Leissner to Lifetime Ban
Editors, Regulation Asia December 20, 2018The March 2017 prohibition order barring former banker Tim Leissner for 10 years was based on limited information; US DOJ charges provided evidence of his involvement in 1MDB fund flows.
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702APRA Removes Cap on Interest-Only Lending
Editors, Regulation Asia December 20, 2018Caps on investor and interest-only lending have served their purpose of moderating higher risk lending and improving lending standards, according to APRA chairman Wayne Byres.
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710China Exempts Mainland Investors from Tax on Hong Kong Funds
Editors, Regulation Asia December 19, 2018Chinese regulators have applied a one year income tax exemption for mainland investors buying and selling Hong Kong funds through the mutual recognition of funds scheme.
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APRA Grants Second ‘Restricted ADI’ Licence
Editors, Regulation Asia December 19, 2018Xinja Bank, the latest recipient of the restricted ADI licence, has a prepaid card on the market and an ASIC-approved home loan product.
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635SEBI Amends Risk Management Framework for Equity Derivatives
Editors, Regulation Asia December 19, 2018Initial margins must be collected before the next trading day (T+0), but CCPs may allow 2 days after the last margin collection before close-out of equity derivative positions.
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648HKMA Asks Local Banks to Study Latest Pillar 3 Requirements
Editors, Regulation Asia December 19, 2018The HKMA advises banks to start considering the system changes necessary to implement the Basel Committee's latest Pillar 3 disclosure requirements.
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691ACCC to Get A$35mn to Pursue Anti-Competitive Behaviour
Editors, Regulation Asia December 18, 2018New specialist investigators are expected to bring more competition cases to court each year and boost prosecutions of criminal cartels, especially in the financial sector.
