Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Big Picture
Australia, NZ, China, Japan Get Low Grades on Fund Regulation, Tax
01/05/2020
Australia, New Zealand, China, Japan are among the nations that have received the lowest scores on tax settings and regulatory regimes for the managed funds industry, according to a new Morningstar study.
Capital / Liquidity
BCBS Members Advancing Work on Climate-related Financial Risk
30/04/2020
An “overwhelmingly large share” of BCBS members have conducted research related to the measurement of climate-related financial risks.
MAS Unveils Additional Financial Industry Support for Individuals
30/04/2020
This second package of measures is aimed at helping individuals ease their cashflow burden, reduce debt, and ensure access to basic banking services.
Capital / Liquidity
RBI Expands Mutual Fund Liquidity Facility to All Banks
30/04/2020
Initially, funding under the special liquidity facility for mutual funds was only available to banks that use the RBI’s liquidity adjustment facility window.
Capital / Liquidity
RBNZ Removes LVR Restrictions on Mortgage Lending
30/04/2020
All locally incorporated banks who responded to the one-week consultation were in favour of removing LVR restrictions, saying it would allow them to better support their customers.
Securities / Derivatives
SEBI Extends Mutual Fund Deadlines for Lowering Unlisted Debt Holdings
30/04/2020
Mutual funds will now have until 30 September to reduce their holdings of unlisted non-covertible debentures to 15% of assets, and until 31 December to reduce it to 10%.
Capital / Liquidity
BSP Relaxes Loan Classification Norms, MSME Loan Risk Weight
30/04/2020
The relaxation of loan classification norms and the lowering of credit risk weights on MSME loans will apply until end-December 2021.
Market Infrastructure
FCA Extends Deadline for Lenders to Stop Issuing New LIBOR Loans
30/04/2020
The deadline extension for lenders is a response to Covid-19, as the FCA seeks to avoid disrupting the flow of loans to help companies stay afloat during the pandemic.
Capital / Liquidity
FSC Korea Defers Tighter Supervision of Financial Conglomerates
30/04/2020
The FSC has approved revisions to enhance capital adequacy assessments, internal control systems, and disclosure standards of financial conglomerates.
Hong Kong Records Higher Negative Equity Mortgage Loans
30/04/2020
The negative equity loans are related to housing loans provided to bank staff or under mortgage insurance programmes, which tend to have higher loan-to-value ratios.
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