Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Capital / Liquidity
India Finalises ‘On-Tap’ Licensing Regime for Small Finance Banks
06/12/2019
India’s central bank has issued its final guidelines for ‘on-tap’ licensing of small finance banks, doubling the minimum capital requirement to 2 billion rupees.
Market Infrastructure
Japan, Indonesia Agree to Local Currency Settlement for Trade, Investment
06/12/2019
Japan and Indonesia have agreed on a local currency settlement deal that will allow the use of the yen and rupiah to settle bilateral trade and direct investment transactions.
AML / KYC
India’s Cabinet Approves Personal Data Protection Bill
06/12/2019
Under the bill, major violations of data privacy norms can be penalised with jail terms, or monetary fines up to 150 million rupees or 4% of a company’s worldwide turnover, whichever is higher.
Securities / Derivatives
Philippine Bourse Proposes Tightening of Delisting Rules
06/12/2019
Under the proposed rules, a voluntary delisting must be approved by all independent directors and by stockholders owning at least 75 percent of the total outstanding listed shares.
Capital / Liquidity
Capital Deficit May Force Vietnam Majors to Halt Lending: SBV
06/12/2019
Vietcombank, BIDV, Vietinbank and Agribank are close to minimum capital adequacy requirements and may be forced to stop lending if they are not allowed to increase capital.
AML / KYC
Sri Lanka to Develop Shared KYC Facility Using Blockchain
06/12/2019
The CBSL is inviting software development companies to apply (by 31 December) to help in the development of a proof-of-concept of a shared KYC facility.
Securities / Derivatives
Bangladesh Regulator Approves Rules for ‘Alternative Trading Board’
06/12/2019
The Bangladesh Securities and Exchange Commission has approved a set of rules to enable the trading of non-listed companies on a new ATB board.
Capital / Liquidity
CBIRC Finalises Net Capital Rules for Banks’ Wealth Management Units
06/12/2019
The regulator has fixed the minimum net capital for commercial lenders’ wealth management subsidiaries at 500 million yuan, and at least 40 percent of the net assets.
Enforcement
ASIC Files Criminal Charges Against Ex-APRA Manager for False Documents
06/12/2019
The former APRA senior manager has been criminally charged for providing false documents to the regulator while serving as CEO of a credit union.
Enforcement
Nomura Releases New Code of Conduct for Employees
05/12/2019
Nomura Holdings has released a 19-point code of conduct for its employees following information leaks that subjected the firm to regulatory action.
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