Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Securities / Derivatives
China to Launch Registration-based System for Bond Issuance
02/03/2020
Issuers of enterprise and corporate bonds will have to meet higher disclosure requirements under the new registration-based system, while the role of intermediaries is also strengthened.
Market Infrastructure
Cross-border Payments Front and Center in BIS Quarterly Review
02/03/2020
The BIS is exploring how to solve key shortcomings related to access and cross-border payments, including to address the global decline in correspondent banking.
Capital / Liquidity
CBIRC Instructs Banks to Defer Loan Repayments for Small Businesses
02/03/2020
The move follows all-time lows in China’s manufacturing and non-manufacturing PMI figures, prompting analysts to cut their first quarter GDP growth forecasts to minus 6%.
Market Infrastructure
BOJ Begins Publishing Securities Financing Transaction Data
02/03/2020
The data is collected monthly from approximately 50 financial institutions with the largest SFT trading volume, including transactions with overseas counterparties and intra-group transactions.
PBOC Unofficially Sets Interest Rate Floor on Covid-19 Loans
02/03/2020
The move is aimed at maintaining market order and at preventing banks from offering excessively low interest rates to lure borrowers.
S. Korea Tightens Mortgage Lending in More Areas to Curb Speculation
02/03/2020
New areas on the outskirts of Seoul have been designated speculative areas where the loan-to-value ratio on mortgage loans is being lowered to curb housing market overheating.
AML / KYC
Australia: Pre-insolvency Adviser Gets 5 Years Jail for Money Laundering
02/03/2020
The adviser helped a former company director illegally remove company assets to prevent creditors from accessing them post-winding up.
Market Infrastructure
Thailand Raises Currency Repatriation Threshold Five-Fold to $1m
02/03/2020
The move is aimed at achieving more balanced capital flows and at easing the strength of the Thai baht, which hurt the domestic economy last year.
Enforcement
Australia: Changes to the Banking Code of Practice Go Live
02/03/2020
The changes include guaranteed features for basic bank accounts and the removal of overdraft and dishonour fees on basic, low fee or no fee accounts.
AML / KYC
Australia: Senate Committee Backs A$10,000 Cash Ban
01/03/2020
A Senate committee tasked with reviewing a bill to criminalise cash transactions over A$10,000 has reportedly thrown its support behind the proposed legislation.
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