Editors

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    Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com

    Articles by Editors

    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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