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
Capital / Liquidity
BOE Sets Deadline for UK Firms to Embed Climate Risk
07/07/2020
By end-2021, financial firms will have to be able to demonstrate that their approaches to managing climate-related financial risk have been implemented and embedded in their organisations.
Capital / Liquidity
Taiwan FSC Proposes Rules Changes for Foreign Bank Branches
07/07/2020
The FSC proposes to allow loan loss provisions and reserves to be used in calculating net worth, accumulated losses and total deposits, which have a bearing on lending capacity.
Fintech / Regtech
BSP Set to Issue Digital Bank Licensing Framework
07/07/2020
Foreign individuals will be allowed to own up to 40% of a digital bank, while qualified foreign banks can own up to 100%.
Market Infrastructure
Singapore Regulator Raises Concerns Over LSEG-Refinitiv Deal
06/07/2020
Singapore’s competition regulator has concerns about whether Refinitiv’s widely used WM/Reuters FX benchmarks would be offered to rival providers at fair and reasonable terms.
AML / KYC
CBIRC Discloses List of ‘Illegal Shareholders’ of Banks, Insurers
06/07/2020
20 of the 38 companies on the list are linked to either Baoshang Bank or Anbang Insurance, which both needed a state bailout in recent years.
Market Infrastructure
16 Banks Announce Initiative to Digitalise Payments Across EU
06/07/2020
The unified payment solution for consumers and merchants across Europe will encompass a payment card, digital wallet, and online and P2P payments.
AML / KYC
S. Korea Approves Use of Biometrics for Digital Identification
06/07/2020
Korea’s Fair Trade Commission has revised bank transaction law to allow the use of biometrics for identification in bank teller transactions.
Capital / Liquidity
BCBS Releases 18th Progress Report on Basel III Adoption
06/07/2020
In Asia Pacific, Hong Kong, Korea and Indonesia have in particular made significant progress towards implementing the Basel III standards.
Securities / Derivatives
New Bill Could Ban Some Chinese Firms from US Capital Markets
06/07/2020
The bill would reportedly seek to ban Chinese companies that engage in spying or human rights abuse, or support China’s military or industrial policy.
Securities / Derivatives
Shanghai Bourse Issues Draft Rules on ‘Targeted’ Convertible Bonds
06/07/2020
Targeted convertible bonds to be used to support mergers, acquisitions, reorganisation, restructuring, or refinancing of listed companies.
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