Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Market Infrastructure
Korea: IMF Assessment Highlights Pre-Covid Financial System Risk
24/04/2020
The assessment commends Korea for its continued efforts to enhance prudential, legal and supervisory frameworks, while also pointing to growth-related uncertainties and household debt risks.
Aussie Majors to Provide Bridging Loans to Businesses Awaiting Subsidies
24/04/2020
ANZ, NAB, Westpac and CBA have agreed to set up new dedicated hotlines and expedite the processing of bridge financing applications as businesses wait to be paid wage subsidies.
Securities / Derivatives
SEBI Relaxes Fundraising Rules for Rights Issues, IPOs
24/04/2020
SEBI has lowered the market cap requirement for fast tracking rights issues and extended the amount of time companies have to launch a public issue once approval is granted.
Market Infrastructure
HKMA Survey Highlights LIBOR Transition Challenges
23/04/2020
About HK$1.4tr in assets, HK$0.5tr in liabilities, and HK$14.7tr in derivatives still referencing LIBOR will mature after end-2021 and don’t have fallbacks in place.
Fintech / Regtech
FMSB Publishes Spotlight Review on Algorithmic Trading
23/04/2020
The Spotlight Review highlights the importance and challenges of model risk management in areas where algorithmic trading is being deployed.
Securities / Derivatives
HKEX Sets Launch Date for Phase One VCM Enhancements
23/04/2020
The first phase of enhancements will expand VCM coverage from 78 stocks to nearly 500 stocks, and apply a tiered structure of triggering thresholds.
Market Infrastructure
Bloomberg Publishes Rulebook on IBOR Fallback Methodology
23/04/2020
The rulebook’s final methodology, rules and conventions are based on the results of four market-wide consultations ISDA conducted between 2018 and 2020.
Shenzhen Banks Screen Relief Loans for Property Misuse
23/04/2020
The CBIRC and PBOC have asked banks to identify whether cheap loans intended to support small business impacted by the coronavirus are being used to fund speculative property purchases.
Securities / Derivatives
FMA Preempts Insider Misconduct With Plea for Vigilance
23/04/2020
New Zealand’s FMA recognises that the current situation may give rise to a broader range of individuals having access to inside information.
Securities / Derivatives
SGX RegCo Extends Annual Report Deadlines, Urges Transparency
23/04/2020
Chief executive Boon Gin Tan says issuers should publish regular business updates to ensure high-quality information is promptly available to investors.
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