
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Structural Regulation
ASIC Grants Two Month Extension for Holding AGMs
22/03/2020
ASIC will take no action if AGMs of listed companies are postponed for two months, and supports the use of technology to hold virtual or hybrid meetings.
Liquidity Risk
HK, Singapore, Indonesia Assessed as NSFR, LEX Compliant
22/03/2020
Hong Kong, Singapore and Indonesia were assessed as compliant with global standards for the net stable funding ratio and large exposures framework.
Credit Risk
FSC Korea Authorises KODIT to Develop New Credit Scoring System
20/03/2020
The new system will use non-financial and transaction information of SMEs and small merchants to generate credit scores, improving their ability to obtain financing and credit guarantees.
Operational Risk
APRA, RBA Ask Financial Firms to Continue Parallel Reporting of EFS data
20/03/2020
The agencies explain that they wish to ensure a consistent data source for March and June 2020, in order to capture the impact of the coronavirus.
Structural Regulation
SAFE Expands Cross-border Financing Channels for High-tech Firms
20/03/2020
A Beijing science park programme to allow high-tech firms to access cross-border funding will be expanded to cover Shanghai, Hubei, Guangdong and Shenzhen.
Structural Regulation
SEBI Allows Extra Time to File Quarterly, Annual Results
20/03/2020
Listed companies will have until 30 June to file their quarterly and annual financial results for the period ending 31 March.
Trading & Investment
Taiwan Authorises Intervention by National Stabilisation Fund
20/03/2020
The central bank has also cut its policy rates and expanded lending facilities for banks to allow them to support SMEs impacted by the coronavirus.
Liquidity Risk
ECB Launches €750b Emergency Asset Purchase Programme
20/03/2020
The ‘Pandemic Emergency Purchase Programme’ will include purchases of public and private securities, including non-financial commercial paper and Greek sovereign bonds, until end-2020.
Credit Risk
Australian Banks Announce Small Business, Home Loan Relief
20/03/2020
Australia’s big four banks have each announced reductions in their lending rates, as well as the availability of deferrals of small business and home loan repayments.
Anti-Money Laundering
MAS Penalises Trust Company for AML/CFT Failings
20/03/2020
TMF Trustees Singapore was penalised SG$400,000 for failing to verify the source of wealth and monitor transactions on an ongoing basis.
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