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
Fraud, Scams & Cybercrime
Prosecutors Assess Whether EY Acted Criminally During Wirecard Audits
29/11/2020
Germany’s audit supervisor has reportedly told prosecutors that EY may have violated its legal due diligence and reporting obligations during its Wirecard audits.
Clearing & Post-Trade
CFTC Adopts Rule Changes to Facilitate Foreign Swaps Clearing
29/11/2020
The CFTC has extended no-action relief for non-US swap dealers from reporting requirements, and finalised rules for exempting non-US clearinghouses from registration requirements.
Structural Regulation
Philippine Central Bank Introduces Digital Banking Framework
27/11/2020
Foreign individuals and non-bank corporations are allowed to hold up to 40% of a digital bank’s voting shares, while foreign banks are allowed to hold up to 100%.
Clearing & Post-Trade
HKEX Outlines Derivatives Market Enhancements for 2021
26/11/2020
Market participants who plan to trade or clear selected derivatives contracts during Hong Kong public holidays will be asked to demonstrate technical readiness.
Resolution & Recovery
Indian Government Green-lights DBS Rescue of Lakshmi Vilas Bank
26/11/2020
All 563 branches of Lakshmi Vilas Bank will function as branches of DBS Bank India from Friday, bringing security to 400 employees and 2 million depositors.
Anti-Money Laundering
Philippines Approves House Bill to Strengthen AML Law
26/11/2020
The amendments will bring precious metals dealers, casinos and real estate brokers and developers into scope under the Anti-Money Laundering Act.
Anti-Money Laundering
RBNZ Investigates Two Banks Over AML Compliance
26/11/2020
The RBNZ is also looking into compliance issues eight banks have identified with transaction reporting requirements over the past six months.
Capital Adequacy
BCBS Amends Capital Treatment of Securitisations of NPLs
26/11/2020
NPL securitisation exposures will be subject to 100% risk weight or higher, except for those risk-weighted using the external ratings-based approach.
Conduct, Culture & Accountability
MAS Announces Measures to Develop Financial Sector Workforce
26/11/2020
MAS will launch a new Work-Study Support Programme to develop job-ready graduates and extend the Training Allowance Grant for company-sponsored trainees by six months.
Structural Regulation
CBIRC Finalises Enhanced Rules for Trust Companies
26/11/2020
The new rules will take effect on 1 January, strengthening requirements for shareholders, managers and independent directors of trust companies.
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