
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Enforcement
MAS Bans Six Individuals for Fraud and Dishonest Conduct
19/03/2020
The first five individuals abused their clients’ trust for their personal gain and the last evaded taxes. All six also received prison sentences.
Market Infrastructure
Fed Establishes FX Swap Lines with Nine Central Banks
19/03/2020
Temporary currency swap lines will be established with 9 central banks – including BOK, RBA, MAS and RBNZ – to lessen the strain on US dollar funding markets.
Market Infrastructure
ESMA Defers SFTR Start Date for Phase One Reporting Entities
19/03/2020
ESMA now expects trade repositories, credit institutions, investment firms to be ready for SFTR reporting from 13 July, alongside CSDs and CCPs.
AML / KYC
RBI Brings Payment Aggregators Under Regulatory Remit
19/03/2020
The capital requirement for payment aggregators has been reduced to 150mn rupees, down from 1bn rupees proposed in September.
Capital / Liquidity
Cambodia Delays Implementation of Capital Conservation Buffer
19/03/2020
The National Bank of Cambodia is also reducing interest rates on repo transactions with banks and encouraging more lending to the public.
Capital / Liquidity
Philippine Stocks Resume Trading, Central Bank Relaxes Regulations
19/03/2020
The BSP has cut interest rates and relaxed regulations on compliance reporting by banks, calculation of penalties on required reserves, and single borrower limits.
Securities / Derivatives
SBV Directs Banks to Support Borrowers, Cuts Interest Rates
19/03/2020
The central bank has directed banks to restructure repayment periods, cut interest rates, waive fees and maintain debt classifications to support borrowers.
Securities / Derivatives
S. Korea to Launch Market Stabilisation Funds, More SME Support
19/03/2020
The government has also decided on emergency financial measures worth 50 trillion won to support SMEs and individuals with low credit ratings.
Capital / Liquidity
RBA, APRA Free Up Liquidity, Capital Buffers for Banks
19/03/2020
New measures include an interest rate cut, a bond-buying programme, a term lending facility for banks, and relaxed expectations on bank capital ratios.
Securities / Derivatives
FMA, NZX Announce Support Measures for Listed Companies
19/03/2020
The measures include higher capital raising capacity for issuers, a two month extension for financial reporting, and delays for some regulatory work.
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