Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Fintech / Regtech
Tokyo Offers Subsidies to Foreign Firms in Green Finance
17/10/2021
The subsidies are available to foreign asset management and fintech companies working in the field of green finance who wish to start new businesses in Tokyo.
Securities / Derivatives
S. Korea Cabinet Approves Measures to Enhance ABS Market
15/10/2021
The revisions abolish requirements that only allow companies with BB ratings or above to issue ABS. Businesses will also be able to securitise future assets and intellectual property rights.
Malaysia Announces Relief for Low Income Borrowers
15/10/2021
Lower income borrowers can access interest exemptions for three months, smaller loan instalments for up to 24 months, and lower interest rates.
Enforcement
CBIRC Fines Privately Owned Banks Over Poor Risk Controls
15/10/2021
The fine against Chongqing Fumin Bank was the largest ever against a privately owned bank. Two others were also penalised.
Market Infrastructure
APRA Concludes Pilot Risk Culture Survey With 10 Insurers
15/10/2021
Based on responses from almost 7,200 insurance employees, APRA found some of the lowest scores in risk governance and controls.
Fintech / Regtech
G7 Ministers Endorse Public Policy Principles for Retail CBDC
15/10/2021
Any CBDC must support, and ‘do no harm’ to, the ability of central banks to fulfil their mandates for monetary and financial stability.
IMF Ends Data Manipulation Probe Into Kristalina Georgieva
14/10/2021
The IMF’s executive board reaffirmed its “full confidence” in Georgieva after it could not “conclusively demonstrate” that she played an improper role at the World Bank.
Market Infrastructure
JSCC Sets Date for Bulk Conversion of LIBOR Swaps
14/10/2021
Japan Securities Clearing Corporation will conduct a bulk conversion exercise during the weekend of 4–5 December to convert JPY LIBOR contracts to TONA contracts.
Market Infrastructure
More Than 100 Banks Sign On to Adopt ‘SWIFT Go’
14/10/2021
SWIFT Go is an instant cross-border payments service for SMEs and retail customers that was launched at seven banks in July.
MAS Tightens Monetary Policy Amid Inflation Concerns
14/10/2021
MAS will slightly raise the slope of the S$NEER policy band to ensure medium term price stability while recognising the risks to the economic recovery.
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