Posts By Editors, Regulation Asia
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Australia & NZ
Australian Prudential Regulator Seeks More Flexibility in Regulatory Function
The Australian Prudential Regulation Authority seeks increased independence from the government or parliament to effectively regulate the banking, superannuation and life insurance industries.
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Philippines
Philippine Central Bank Eyes Conduits in Banks’ Loans to SMEs
Philippine regulators plan to establish conduits that can help banks comply with mandatory lending rules to small businesses.
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China
China Regulator Allows Shenzhen IPO Hopefuls Explore Shanghai Listing
The China Securities Regulatory Commission is allowing companies with application to go public on the Shenzhen board to explore a Shanghai listing.
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Securities & Trading
Taiwan Regulator Allows Use of Dual-Currency Credit Cards
The Financial Supervisory Commission has relaxed rules on credit card use, allowing banks to issue dual-currency credit cards to clients.
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International
Basel Committee Finalises Counterparty Credit Risk Exposure Method
The Basel Committee has finalised a new approach for measuring counterparty credit-risk exposures.
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Hong Kong
HKEx, China Bourse in Talks on Mutual Market Access
Hong Kong Exchanges & Clearing said it is in talks to boost cooperation with mainland counterparts on mutual access, but no agreement has been reached.
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Australia & NZ
Australian Banks Seek to Widen Money Laundering Net
Justice Minister Michael Keenan has assured banks that they will not be “overregulated” despite tougher laws to counter money laundering and terror financing.
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Philippines
Philippine Govt Agency Seeks to Lift Bank Secrecy Law for Tax Purposes
The Bureau of Internal Revenue stressed the need to lift the bank secrecy law for tax purposes to bring the Philippines in line with countries establishing a single and consistent global standard in tracking tax fraud.
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Jurisdictions
Singapore Consults on Plan to Launch Asia’s First Electricity Futures
The Singapore Exchange (SGX) plans to launch the first electricity futures in Asia and is consulting the public on rules and details that will govern the proposed power contracts.
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Securities & Trading
IFSB Issues New Guidelines on Supervision of Islamic Finance Institutions
The Islamic Financial Services Board has adopted a revised guideline on the supervision of Islamic finance institutions to tighten regulatory oversight of industry practices.
