Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Big Picture
Fintech Risks Could Undermine Financial Inclusion
16/04/2020
The CPMI and World Bank have set out key actions to help stakeholders address fintech risks in the context of achieving financial inclusion outcomes.
Securities / Derivatives
BOK to Launch New Loan Programme for Brokers, Insurers
16/04/2020
Under the programme, corporate bonds rated AA or higher are eligible as loan collateral, a major shift for the BOK which has traditionally only bought government debt.
Securities / Derivatives
ASIC Updates Guidance on Active ETF Internal Market Making
16/04/2020
Active ETFs are asked to rely on publicly available information for market making quotes, and to establish internal information barriers.
AML / KYC
SEBI Seeks Details on UBOs of Chinese, Hong Kong FPIs
16/04/2020
Prompted by the PBOC raising its stake in HDFC to over 1%, SEBI is reportedly concerned that Indian companies may face takeover threats from Chinese investors.
Market Infrastructure
ISDA to Add Pre-cessation Trigger to LIBOR Fallback Provisions
16/04/2020
A significant majority of respondents favour including both pre-cessation and permanent cessation fallbacks as standard language in the amended 2006 ISDA Definitions for LIBOR.
APRA Announces New Commencement Dates for Prudential Standards
16/04/2020
The new commencement dates relate to initial margin requirements and APRA’s prudential standards on information security, credit risk management and related entity exposures.
G20 Agrees to Suspend Debt Payments for Low Income Nations
15/04/2020
The G20 is also calling on private creditors, working through the Institute of International Finance, to participate in the initiative “on comparable terms”.
AML / KYC
US Returns $300m of Misappropriated 1MDB Funds to Malaysia
15/04/2020
The funds includes proceeds from assets that Malaysia financier Jho Low allegedly bought with stolen 1MDB money before his $700mn forfeit last year.
Big Picture
Hedge Funds Have Sufficient Liquidity, Low Leverage: IOSCO
15/04/2020
Hedge funds were found to have sufficient portfolio liquidity to meet investor redemption demands under normal market conditions, based on end-September 2018 data.
Securities / Derivatives
Malaysia, Shenzhen Bourses Enter MoU on Cross-border Collaboration
15/04/2020
The MoU will facilitate the display and joint promotion of Bursa Malaysia and SZSE benchmark indices in each other’s markets.
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