
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Big Picture
FSB Evaluates Efficacy of Too-big-to-fail Reforms
29/06/2020
The evaluation found that the TBTF reforms have made indeed banks more resilient and resolvable, but barriers to bank resolvability still need to be addressed.
Capital / Liquidity
US Banks See Continued Dividend, Buyback Restrictions
29/06/2020
The Fed’s stress tests found that roughly a quarter of the US big banks would approach the 4.5% minimum CET1 capital requirement in a worst-case scenario, a W-shaped recovery.
Capital / Liquidity
India Brings Cooperative Banks Under RBI Oversight
29/06/2020
Under the Banking Regulation Act amendments, cooperative banks can also undertake merger and restructuring activities more easily and access to fundraising channels.
Securities / Derivatives
SEBI Allows Exchanges to Penalise Excessive Algo Orders
29/06/2020
On the third instance of the order-to-trade ratio exceeding 2000, trading members will be restricted from placing any orders for the first 15 minutes on the next trading day.
Capital / Liquidity
KAMCO Starts Buying Overdue Retail Loans from FIs
29/06/2020
Korean lenders may sell non-collateralised delinquent personal debt to KAMCO, which in turn will take over the debt and help debtors restructure.
Enforcement
ABA Temporarily Amends Banking Code in Light of Covid-19
29/06/2020
The changes related to the timelines for customer communication outlined in the Code, and to banks’ obligations when lending to small business customers.
Enforcement
Luckin Coffee Abandons Plans to Appeal Nasdaq Delisting
29/06/2020
A hearing with Nasdaq Hearings Panel was scheduled for Thursday but Luckin withdrew its request a day before.
Securities / Derivatives
SGX RegCo Publishes Best Practices Guide For Singapore Lawyers
29/06/2020
The Guide offers clarity to Singapore lawyers on regulatory submissions on behalf of listed companies, establishing a baseline standard for their conduct.
Enforcement
RBNZ Secures Funding to Boost Supervisory, Enforcement Capability
28/06/2020
The RBNZ will direct the additional funding towards its supervisory and enforcement capability, technology infrastructure and security architecture.
Market Infrastructure
IOSCO Offers Guidance to Promote Deference Between Regulators
28/06/2020
IOSCO offers 11 good practices to help regulators establish and operate efficient deference processes, and mitigate the risk of market fragmentation.
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