Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Fintech / Regtech
Xiaomi-AMTD Joint Venture Launches Hong Kong Virtual Bank
11/06/2020
Airstar Bank commits to becoming “Everyone’s Bank”, contrasting itself with conventional banking models which focus on high net-worth individuals.
Australia: Banks Fail to Pass Rate Cuts to Credit Card Customers
10/06/2020
The credit cards with the largest rate increases are those backed by Citigroup, Members Equity Bank, Police Credit Union, and ANZ, according to consumer advocacy group CHOICE.
Securities / Derivatives
ICMA Releases Guidance for Issuers of Sustainability-Linked Bonds
10/06/2020
Sustainability-linked bonds are performance-based bond instruments where the issuer is committing to future improvements in sustainability outcomes within a predefined timeline.
Securities / Derivatives
Thailand SEC Supports LuxSE Listings by Domestic Firms
10/06/2020
Thai bond issuers can list their securities on LuxSE’s BdL or Euro MTF; or alternatively obtain a profile listing on the SOL to gain visibility on the Luxembourg Green Exchange.
Securities / Derivatives
Indian Court Halts Franklin Templeton Fund Liquidation
10/06/2020
Franklin Templeton had planned to allow unitholders to vote on whether to allow six shuttered funds to be liquidated, but the Court says it must first release a forensic audit report on the funds in question.
Fintech / Regtech
FSC Korea Opens Applications for New Data Specialist Designation
10/06/2020
Designated ‘data specialising institutions’ will be able to use anonymised and pseudonymised customer data for statistical and industry research and for public documentation purposes.
Capital / Liquidity
CBIRC Eases Loan Loss Provisioning Requirements – Report
10/06/2020
The CBIRC has reportedly told small and midsize banks they can reduce the amount of capital they need to set aside to cover potential losses from loan defaults.
Securities / Derivatives
Regulatory Change a Challenge for Hong Kong Fund Managers
10/06/2020
Overregulation is an issue for some fund managers in Hong Kong, but the industry is also calling for greater regulatory clarity around GBA initiatives and ESG standards, according to a KPMG-HKIFA survey report.
Fintech / Regtech
BOK to Form Dedicated Digital Innovation Division
09/06/2020
The new division will study the use of AI and big data to deliver more sophisticated economic forecasts and statistical data, and ramp up efforts to develop CBDC capabilities.
Market Infrastructure
China to Develop Hainan Province into Global Free Trade Port
09/06/2020
The first phase of the plan will focus on liberalising trade and cross-border investment, starting with the launch of QDLP and QFLP pilot programmes.
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