Editors
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Articles by Editors
Liquidity Risk
RBI Extends Liquidity Facilities for Banks, NBFCs
09/08/2021
The impacts of the second wave of the Covid-19 pandemic have been visible in the real estate sector, the RBI said. It is also monitoring stressed assets in the banking sector.
Anti-Money Laundering
China, UAE Agree to Exchange Intelligence on AML Investigations
09/08/2021
The FIUs in China and the UAE will exchange information on investigations concerning money laundering, terrorist financing, and the persons or entities involved.
CBDCs
Bank of Korea CBDC Pilot to Kick off This Month
09/08/2021
Ground X, Kakaobank, Kakao Pay, Consensys, Samsung and Onther are among the firms that will participate in the pilot. Phase one will be complete by December.
Credit Risk
UPDATED – RBI Extends Deadline for Current Account Restrictions
09/08/2021
The extension is being provided to ensure customers are “not put to undue inconvenience during the implementation process”.
Structural Regulation
JP Morgan Approved to Take Full Ownership of China Securities Unit
08/08/2021
JP Morgan already had a controlling stake in the unit. The new approval makes it the first foreign firm to fully own a securities venture in China.
Anti-Bribery & Corruption
Hong Kong ICAC Charges Securities Brokers for Bribery
08/08/2021
Two securities brokers accepted commissions to arrange for their clients to use a futures trading programme provided by a software company.
Clearing & Post-Trade
LCH Set to Switch Discounting, PAI Rate from SOR to SORA
08/08/2021
LCH is switching its discount curves and PAI rate on SGD-denominated cleared swaps from SOR to SORA on 9 August.
Credit Risk
China: New Rules Issued to Address Unreliable Bond Ratings
08/08/2021
The rules require credit rating agencies to strengthen their methodologies and systems, improve corporate governance, and avoid conflicts of interest.
Structural Regulation
CSRC Allows Fidelity to Set up China Retail Fund Business
08/08/2021
Fidelity has become the second global asset manager to receive approval to set up a fully-owned mutual fund business after BlackRock.
Anti-Money Laundering
US DOJ Repatriates Additional $452bn in 1MDB Funds to Malaysia
08/08/2021
The total funds belonging to 1MDB that have been returned to date amount to over $1.2bn, the DOJ said in a statement.
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