Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Capital / Liquidity
S. Korea Eases Capital, Liquidity, Asset Quality Rules for FIs
20/04/2020
The FSC expects the regulatory relaxations will boost financial institutions’ capacity to provide up to 400 trillion won in additional financing to businesses.
Fintech / Regtech
PBOC Launches Digital Yuan Pilot Tests in Four Cities – Reports
20/04/2020
Four state-owned banks and three telecom companies, along with Tencent and Alipay, are all said to be involved in the development of the digital currency.
AML / KYC
Wolfsberg Group Updates Correspondent Banking Due Diligence Questionnaire
20/04/2020
The changes are focused on improving the CBDDQ’s ease of use and readability. One question has been eliminated and some of the wording has been clarified.
AML / KYC
Hong Kong: SME Director Gets 44 Months Jail for Loan Fraud
20/04/2020
The SME director was sentenced for conspiring to defraud five banks, the Trade and Industry Department, and the Hong Kong Mortgage Corporation.
Securities / Derivatives
CSRC Approves Credit Suisse Majority Control of Securities JV
20/04/2020
The approval allows Credit Suisse to raise its stake in a joint venture with Founder Securities from 33.3% to 51%, making it the latest foreign firm to gain majority control of a domestic brokerage in China.
AML / KYC
India Moves to Prevent ‘Opportunistic Takeovers’ by Chinese Investors
19/04/2020
India has introduced a pre-approval requirement for all foreign investment from seven countries including China to curb “opportunistic takeovers or acquisitions” of Indian companies.
AML / KYC
S. Korea AML/CFT Framework Significantly Strengthened: FATF
19/04/2020
Korea demonstrates effective cooperation among local authorities, the private sector and foreign counterparts; and effective use and development of financial intelligence.
APRA Announces Reporting Requirement for SME Guarantee Scheme
18/04/2020
Lenders approved to participate under the Scheme must complete the new returns on a weekly basis, with the first collection due on 1 May.
HKMA, Banks to Launch Debt Payment Holiday Scheme for Corporates
18/04/2020
All corporate customers with annual turnover under HK$800mn and with no outstanding loan payments more than 30 days overdue are eligible for the principal payment holiday.
Capital / Liquidity
RBNZ Working with ANZ NZ to Improve Model Compliance
18/04/2020
The latest section 95 report identifies that 17 wholesale credit models and the operational risk capital model approach currently in use at ANZ NZ are not approved by the RBNZ.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team