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

    Securities / Derivatives

    China: Bond Underwriters Pledge to End Excessive Price Competition

    05/05/2020

    The pledge is part of a “self-discipline” pact which NAFMII asked bond underwriters to sign, in a bid to end the practice of offering ultra-low underwriting fees to gain market share.

    Capital / Liquidity

    BNM: Banks Can Use Govt Bonds to Meet Reserve Requirement

    05/05/2020

    The move is expected to release about $3.7mn of liquidity into the banking system. BNM has also cut its overnight policy rate to the lowest level since 2009.

    Market Infrastructure

    HK Regulators Establish Green and Sustainable Finance Steering Group

    05/05/2020

    Initiated by the HKMA and SFC, the Steering Group will coordinate across other agencies and sectors to position Hong Kong as a global leader in green and sustainable finance.

    Securities / Derivatives

    Sri Lanka to Implement New Stock Market Circuit Breaker

    05/05/2020

    Sri Lanka’s SEC has directed the Colombo Stock Exchange to implement the new circuit breaker structure when the market reopens after its closure on 20 March.

    Market Infrastructure

    Korea Development Bank Act Amended to Enable Bailout Fund

    05/05/2020

    Aid recipients will have to maintain staff in employment and refrain from dividend payouts, share buybacks and executive compensation.

    Securities / Derivatives

    Malaysia: SC Allows E-wallet, E-payment Firms to Distribute Investment Products

    05/05/2020

    Operators of e-wallet or e-payment applications can register with the SC and partner with capital markets licence holders to distribute investment products to investors.

    AML / KYC

    FATF Offers Policy Guidance for Managing Covid-19 Related AML Risks

    05/05/2020

    FATF describes the ways in which AML/CFT policy responses can help support implementation of Covid-19 response measures, while also managing new risks and vulnerabilities.

    Capital / Liquidity

    Philippines: BSP Allows Banks to Draw on Capital, Liquidity Buffers

    05/05/2020

    Banks that draw from the capital conservation buffer or fall below 100% LCR will not be considered in breach of Basel III rules.

    AML / KYC

    Westpac Internal Probes Identify More AML Breaches

    04/05/2020

    Westpac has identified an estimated 60,000 to 90,000 threshold transaction reports that were not reported to AUSTRAC, and potential problems with its FATCA and CRS compliance.

    Market Infrastructure

    HSBC Seeks CBIRC Approval to Fully Acquire Insurance JV

    04/05/2020

    HSBC’s insurance unit has entered into an agreement to buy the remaining 50% equity interest in its China joint venture – HSBC Life China.

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