Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Capital / Liquidity
Woori to Seek FSS Approval to Use IRB Approach
20/05/2020
Higher expected capital adequacy under the internal ratings-based approach for calculating risk-weighted assets will help to fuel M&A activity at the bank.
Enforcement
New Listing Rules at Nasdaq to Impede Chinese IPOs – Reports
19/05/2020
Nasdaq will put a minimum $25mn value on the size of IPOs, making it harder for some Chinese firms to pursue a listing. A delisting notice has been filed against Luckin Coffee.
Capital / Liquidity
APRA Grants Internal Modelling Banks Relief on Market Risk Capital
19/05/2020
APRA will allow internal modelling banks to disregard back-testing exceptions that occurred in March and April when determining capital requirements for market risk.
Securities / Derivatives
HSI Operator to Allow Dual Class Shares as Index Constituents
19/05/2020
WVR and secondary-listed companies from the Mainland will be eligible for including in the HSI and HSCEI. H-share companies with unlisted share capital will also be eligible.
Securities / Derivatives
FSC Korea to Rein in Excessive Investment in Risky ETFs, ETNs
19/05/2020
The FSC will impose a new minimum deposit requirement on retail investors investing in ETFs and ETNs, and require them undergo mandatory investor education, among other measures.
Securities / Derivatives
India to Allow Private Companies to List on Foreign Exchanges
19/05/2020
Private companies will be able to list in ‘permissible jurisdictions’ – likely to include the US, China, Japan, South Korea, the UK, Hong Kong, France, Germany, Canada and Switzerland.
Securities / Derivatives
European Regulators Lift Covid-19 Short Selling Bans
19/05/2020
In consultation with ESMA, Austria, Belgium, France, Greece, Spain and Italy have decided to lift short-selling bans that have been in place since mid-March.
Market Infrastructure
DTCC Explores Further Digitalisation in Public & Private Markets
19/05/2020
Project Ion seeks to further optimise the settlement process in public markets. Project Whitney explores the use of asset tokenisation and digital infrastructure to support private markets.
Securities / Derivatives
China Urges Domestic Firms to List in London – Report
19/05/2020
The push for a resumption of listings under the Shanghai-London Stock Connect is in part aimed at improving China’s ties with the outside world.
AML / KYC
Companies Not Protecting Against Third Party Risk: Refinitiv
18/05/2020
43% of third parties do not receive due diligence checks, and 62% of respondents do not know the extent to which third parties are outsourcing work.
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