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

    Enforcement

    Australia Eases Disclosure Rules to Prevent Opportunistic Class Actions

    27/05/2020

    Heightened uncertainty amid the Covid-19 crisis exposes companies to the threat of opportunistic class actions if their earnings forecasts are found to be inaccurate.

    Market Infrastructure

    China to Revise Central Bank Law This Year

    27/05/2020

    The revisions will likely expand the PBOC’s statutory responsibilities to include macro-prudential management, financial risk oversight, financial infrastructure and financial holding companies.

    Capital / Liquidity

    Philippines Approves ‘Bad Bank’ Bill Amid Rising NPLs

    27/05/2020

    The ‘Financial Institutions Strategic Transfer Act’ allows the creation of asset management companies to buy up non-performing assets from financial institutions.

    Securities / Derivatives

    CORRECTED – HKEX to Launch New Derivatives Products

    27/05/2020

    Subject to regulatory approval, 37 new futures and options contracts based on MSCI Asia and emerging markets indices will be launched in Hong Kong.

    Capital / Liquidity

    FSS Korea Directs Banks to Defer Business Expansion

    27/05/2020

    FSS governor Yoon Suk-heun said financial firms should brace for a “prolonged fallout of Covid-19” and focus on boosting internal reserves and loss absorbency capacity.

    AML / KYC

    Are Criminals Winning at Covid-19? Not Without a Fight

    27/05/2020

    Advances in digital identification technology can mitigate the unpleasant rise in pandemic-related financial crime. A top regulator, banker and lawyer join forces with Refinitiv to discuss how.

    China: Banks Directed to Cut Enterprise Financing Costs

    26/05/2020

    A new guideline jointly published by six agencies aims to further regulate how banks charge for and manage credit financing, protect borrowers’ rights, and reduce financing costs.

    Capital / Liquidity

    PBOC Governor Pledges Additional Measures to Support SMEs, Banks

    26/05/2020

    The PBOC plans to further extend SME loan repayment deferrals to 31 March 2021, further drive down real interest rates, and bolster support for banks.

    Enforcement

    APRA Blamed for Scrapped Class Action Against IOOF

    26/05/2020

    A Quinn Emanuel class action “was no longer in the interests of group members to continue” following last year’s dismissal of APRA’s lawsuit against IOOF.

    Fintech / Regtech

    ACCC Launches Consumer Data Right Accreditation Platform

    26/05/2020

    The platform serves as a trusted environment where approved participants can share encrypted data, and provides a portal through which banks and fintechs can apply to be accredited.

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