Editors
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Articles by Editors
Credit Risk
Japan: Corporates to Get Financial Support, Easier Write Down Rules
06/04/2020
The FSA will convene a joint council of key industry bodies to agree on easier write-down rules, while the government prepares an aid package for large corporates.
Liquidity Risk
Bangladesh Announces Measures to Aid Businesses Through Lockdown
06/04/2020
Under a $7.9bn stimulus plan, banks will distribute working capital loans with the interest cost to businesses partly subsidised by the government.
Credit Risk
Vietnam Banks Offered Incentives to Aid Businesses
06/04/2020
About 11% of total outstanding loans in the banking system are estimated to not be paid as scheduled due to the coronavirus pandemic.
Fraud, Scams & Cybercrime
CSRC Opens Investigation into Fraud at Coffee Chain
06/04/2020
The chief operating officer of Nasdaq-listed Luckin Coffee, along with his employees, are said to have fabricated about $310mn worth of sales transactions.
Credit Risk
BCBS Issues Guidance on Treatment of Loans Under Relief
05/04/2020
IFRS 9 should be applied flexibly rather than mechanistically when estimating ECL, and payment moratorium periods can be excluded from the counting of days past due.
Trading & Investment
Japan Lacks Consensus on LIBOR Replacement – Report
05/04/2020
About 57% of Japanese banks say TIBOR should be used, while about 70% of companies prefer to use forward-looking term rates based on TONAR.
Liquidity Risk
HKMA Frees Up Regulatory Reserves, Liquidity Buffers for Banks
05/04/2020
Regulatory reserves held against possible credit losses will be reduced by half. Banks are encouraged to use liquidity buffers built up under the LCR and LMR regimes.
Liquidity Risk
PBOC Cuts Reserve Requirements for Small, Mid-sized Lenders
05/04/2020
The move will free up a total 400 billion yuan at small and medium-sized lenders, allowing them to provide additional financing to SMEs.
Market Risk
BCBS, IOSCO Extend Initial Margin Deadlines by One Year
05/04/2020
With the extension, phase 5 implementation will take place on 1 September 2021 and phase 6 implementation on 1 September 2022.
KYC & CDD
FATF Re-rates US as ‘Largely Compliant’ on CDD Measures
03/04/2020
The US is now compliant on 9 FATF Recommendations, largely compliant on 22, partially compliant on 5, and non-compliant on 4.
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