Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Enforcement
Japan FSA Fines Nissan $22m Over Ghosn Misconduct
01/03/2020
The fine is the second-highest penalty ever imposed by the FSA, and a response to 8 years of under-reported remuneration by Nissan’s former chairman Carlos Ghosn.
Capital / Liquidity
Philippine Banks to Get Covid-19 Regulatory Relief
01/03/2020
The relief measures may include grace periods for rediscounting loans, staggered booking of credit losses, non-imposition of penalties for reserve deficiencies, and non-recognition of loan defaults.
Fintech / Regtech
Indonesia Halts Fintech Registrations Amid Lack of Supervisory Capacity
01/03/2020
The OJK has temporarily halted new registrations from fintech firms to dedicate its supervisory resources on ensuring the quality of existing firms.
Market Infrastructure
WFE: Exchanges, CCPs Implementing Advanced, Embedded ERM
01/03/2020
Market infrastructures – exchanges and CCPs – are implementing advanced and embedded enterprise risk management right across their organisations, the WFE says.
Market Infrastructure
ICMA Publishes High-Level Guidance on IBOR Transition
01/03/2020
The ‘Quick Guide’ provides a high-level overview of 11 key areas relating to the transition from IBORs (including LIBOR) to risk free rates in the international bond market.
Market Infrastructure
Trade Bodies Publish EMIR Reporting Best Practices Matrix
01/03/2020
The best practice matrix is aimed at providing an agreed and standardised market guide for firms to use to comply with EMIR trade reporting requirements.
Securities / Derivatives
Entities Allowed to Operate in Gift City Without Forming New Company
28/02/2020
According to SEBI, entities can offer financial services in Gift City in connection with the securities market without forming a separate company.
Fintech / Regtech
FSC Korea to Enhance Support for Innovative Startups, SMEs
28/02/2020
The policy plan includes support for 1,000+ innovative companies, a new business credit scoring system, a per-industry collective credit guarantee scheme, and the introduction of non-recourse factoring.
Capital / Liquidity
BCBS Clarifies Capital Treatment of Amended LIBOR Contracts
28/02/2020
Capital instruments amended solely to implement benchmark reforms will not be treated as new instruments for the purpose of assessing their eligibility as Tier 1 and Tier 2 instruments.
Crypto / Digital Assets
Thailand SEC Sets Out Three Year Strategic Plan for Capital Market
28/02/2020
The strategic plan includes greater integration of ESG factors in the market, enhancing SME and startup access to capital, promoting the use of digital and e-KYC technologies, among others.
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