Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Fintech / Regtech
S. Korea Launches Financial Data Exchange Platform
11/05/2020
The exchange will serve buyers and sellers of anonymised financial data, facilitating the use of analytics to develop new financial products and services, while also ensuring data security.
CBIRC Issues Draft Rules on Online Lending by Banks
11/05/2020
Per-household credit lines will be capped at 200,000 yuan, and online loans may not be used for housing purchases, mortgage repayment, or investment in financial products.
Securities / Derivatives
CBIRC Green-lights China Pacific Insurance GDR Listing on LSE
11/05/2020
The listing is still pending approvals from securities regulators in China and the UK, and exchange operators in Shanghai and London.
Capital / Liquidity
UK Regulators Defer Majority of Regulatory Initiatives
11/05/2020
Incoming Basel requirements and margin rules will be deferred. The transition away from LIBOR will continue as planned. Work is still underway to prepare for Brexit.
Securities / Derivatives
SGX RegCo to Scrap Minimum Trading Price Rule from 1 June
11/05/2020
The MTP rule is described as a “blunt tool” for addressing risk of market manipulation, compared to more effective tools that target such manipulation directly.
Securities / Derivatives
FSC Korea Mulls Issuance Limits for Equity-linked Securities
11/05/2020
Driven by demand from retail investors for higher yields, some securities firms have been selling ELS products beyond their equity capital.
Enforcement
Hong Kong: Investors Seek Compensation for Failed IPOs – Report
11/05/2020
The SFC has issued almost HK$1bn in penalties for IPO sponsor failures over 20 years. These proceeds have gone to the government, not investors.
Fintech / Regtech
ACCC, OAIC Outline Enforcement Approach to Data Rights Breaches
11/05/2020
A ‘strategic risk-based approach’ to compliance and enforcement has been adopted, focusing on building consumer confidence in the security and integrity of the Consumer Data Right system.
Big Picture
Regulatory Initiatives to Address Culture & Conduct Risk in Banking
11/05/2020
In its latest annual Compendium, Starling draws on survey findings and commentary from regulators to identify ten culture and conduct trends in the banking sector.
AML / KYC
European Commission Sets Out Action Plan to Root Out AML Loopholes
10/05/2020
A single EU rulebook will minimise interpretation and implementation discrepancies across member states, and an EU-level AML/CFT body will address supervisory gaps.
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