Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Market Infrastructure
Sri Lanka Should Start LIBOR Transition ‘Immediately’ – ICRA
11/02/2020
The central bank, financial institutions, and companies must assess the impact, and the LIBOR transition should start “immediately”, says ICRA Lanka, a Moody’s group company.
ESG / Sustainability
Hedge Funds Face High Expectations on ESG Adoption
11/02/2020
ESG and sustainability considerations have become a ‘must-have’ in the hedge fund industry, says a new report from KPMG, AIMA, CAIA and CREATE-Research.
Fintech / Regtech
AI Expected to Become Key Business Driver in Two Years – Survey
11/02/2020
The Cambridge Centre for Alternative Finance and World Economic Forum, with support from EY and Invesco, shed light on the evolving landscape of AI-enabled financial services.
Capital / Liquidity
RBI Expands One-Time Restructuring Scheme for MSME Loans
11/02/2020
The benefit of one-time restructuring will be extended to include MSME loans in default as of 1 January 2020, with the debt restructuring window also extended to 31 December 2020.
Enforcement
RBNZ Launches Streamlined External Whistleblowing Policy
11/02/2020
“Whistleblowing is a critical avenue for those wanting to shine a light on wrongdoing within regulated entities,” said RBNZ head of supervision Andy Wood.
Securities / Derivatives
Quarterly Reporting Required for 109 Companies: SGX
11/02/2020
94 companies required to use quarterly reporting are issuers with audit concerns, 6 have outstanding regulatory concerns, and 9 are named under both categories.
Capital / Liquidity
PBOC Offers Banks Low-Cost Funding to Support Epidemic Control
11/02/2020
Banks are required to use the special funding to support activities by companies directly linked to controlling the outbreak through loans issued at below-market interest rates.
Enforcement
Australia Passes Bills to Enhance Consumer Protections, Strengthen ASIC
10/02/2020
The bills introduce a best-interests duty for mortgage brokers, ban unfair contract terms in insurance, and enable ASIC to more effectively enforce existing laws.
S. Korean Government Pledges $1.6b to Support New SME Loans
10/02/2020
Funding will be provided through policy banks to help SMEs, small merchants, and self-employed business owners address financing challenges amid the coronavirus outbreak.
Fintech / Regtech
DBS Completes First Fully Digital Trade Financing Settlement on NTP
10/02/2020
DBS was able to cut the trade financing processing time from about a week to under one working day, yielding greater operational efficiencies for trade partners.
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