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
Enforcement
KEB Hana Under Added Scrutiny for Document Deletion
17/10/2019
KEB Hana Bank is said to have deleted data related to the sale of derivative-linked funds after the FSS had already declared its intent to conduct inspections at the bank.
Capital / Liquidity
PBOC Clarifies Definition of ‘Non-standard’ Credit Assets
17/10/2019
The clarification is important for new rules that will impose a cap on investments in non-standard credit assets by banks’ wealth management products.
Enforcement
RBI Deploys New Reporting System for Cooperative Banks
17/10/2019
Following the $560mn fraud detected at PMC Bank, the RBI is ordering all cooperative banks in the country to perform their daily reporting via the new system.
Capital / Liquidity
China Further Opens Banking, Insurance Sectors to Foreign FIs
16/10/2019
Effective immediately, foreign financial institutions can establish wholly-owned banks in China, which can be operated alongside foreign bank branches and Sino-foreign joint venture banks.
Market Infrastructure
FSB Reports on OTC Derivatives Reform Progress
16/10/2019
Comprehensive trade reporting requirements are in force in 23 of 24 FSB member jurisdictions, and authorities are increasingly making use of trade repository data.
Enforcement
ASIC Grants Advisers Relief From Compliance Obligation
16/10/2019
ASIC will grant a three-year exemption from the obligation to ensure that financial advisers are covered by a compliance scheme, and from the associated notification obligations.
Fintech / Regtech
Korea to Pilot Open Banking Platform From 30 Oct
16/10/2019
Banks and fintechs will pilot test the ability of customers to manage multiple bank accounts and withdraw and transfer money from within a single app.
Market Infrastructure
PBOC Privately Solicits Bank Feedback on Customer Data Protection
16/10/2019
Draft measures on personal financial data protection have reportedly been issued to some banks as part of the PBOC’s consultation process.
Capital / Liquidity
Philippines: BSP Approves Amended D-SIBs Framework
16/10/2019
A bank’s size and interconnectedness will be given greater importance in the assessment to determine its systemic importance in the Philippines.
Securities / Derivatives
SGX RegCo Raises Bar for Property, Business Valuations
16/10/2019
SGX RegCo is enhancing its cooperation with professional bodies to improve the valuation of property, land and businesses held by listed companies.
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