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

    Capital / Liquidity

    Sri Lankan Brokers Prohibited from Charging Interest on Margin Loans

    08/04/2020

    The central bank has also suspended overseas investment and outward remittances by Sri Lankan residents, and cut interest rates for the second time in three weeks.

    Market Infrastructure

    ASIC, APRA Offer Best Practice Recommendations on LIBOR Transition

    08/04/2020

    ASIC, APRA and the RBA warn that a failure to transition to alternative reference rates could lead to significant reputational, operational and legal risk and disrupt financial markets.

    Enforcement

    RBI to Establish New Banking Fraud Oversight Division

    08/04/2020

    The initiative has reportedly been sped up in response to recent frauds at Yes Bank and Punjab National Bank.

    AML / KYC

    HKMA Encourages Remote Onboarding to Manage Covid-19 Challenges

    07/04/2020

    AIs and SVF licensees are encouraged to continue the provide the public convenient account opening and access to banking and payment services.

    AML / KYC

    OFSI Fines Standard Chartered $25m for Sanctions Breaches

    07/04/2020

    Standard Chartered made a series of loans to a Turkish private bank, which at the time was almost wholly owned by Sberbank, a sanctioned Russian bank.

    Crypto / Digital Assets

    FSA Japan to Enforce New Crypto Laws from May

    07/04/2020

    Changes to two pieces of legislation will ensure better investor protection, and bring custodians, ICOs, STOs and crypto derivatives under the FSA’s remit.

    Capital / Liquidity

    MAS Relaxes Capital Rules, Defers Policy Implementation

    07/04/2020

    MAS has adjusted banks’ capital and liquidity requirements to help sustain their lending activities, while also deferring a host of regulatory initiatives until further notice.

    APRA Asks ADIs, Insurers to Suspend Dividends, Cash Bonuses

    07/04/2020

    Where Boards are confident they can approve a dividend on the basis of robust stress testing results that have been discussed with APRA, it should be at a “materially reduced level”.

    Enforcement

    SFC Fines HSBC Units for Cash Management Failures at Funds

    07/04/2020

    The identified concerns have all since been rectified, and the two units have agreed to pay over $430,000 into the affected funds, on top of a $451,000 fine from the SFC.

    Enforcement

    US Court Reverses 2017 Dismissal of Rate Rigging Suit Against Banks

    07/04/2020

    The decision effectively revives a suit by a group of investment funds against major banks over their alleged manipulation of yen LIBOR and euroyen TIBOR between 2006 and 2011.

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