
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Structural Regulation
Industry Bodies Call on EU to Reform Benchmarks Regulation
30/06/2020
The majority of third-country benchmarks pose no systemic risk but could nevertheless be barred from use in the EU due to a costly and burdensome third-country benchmark regime.
Payments & Settlements
BOT Opens Applications for New FX E-Money Licences
30/06/2020
Non-bank operators can apply for a new licence to issue e-money in foreign currencies for customer payments for cross-border goods and services.
Trading & Investment
Taiwan FSC to Introduce Measures to Catalyse IPO Market
30/06/2020
The Covid-19 pandemic has affected companies’ financial performance in the first half of the year, making them ineligible to list on the stock market.
Supervision & Enforcement
BSP Defers Adoption of New Supervisory Assessment Framework
30/06/2020
The six-month deferral is intended to give FIs more time to prepare for implementation, given the impact of the Covid-19 pandemic.
Conduct, Culture & Accountability
New Zealand Sets Out Disclosure Rules for Financial Advisers
30/06/2020
Financial advisers will have to disclose to clients details about fees, the range of products they advise on, conflicts of interest and commissions they may earn.
Fraud, Scams & Cybercrime
UPDATED – Wirecard Fraud: A Timeline of Events
30/06/2020
Wirecard has filed for insolvency amid multiple probes. BaFin faces scrutiny for mishandling clear red flags. EY faces lawsuits for failing to catch the improprieties earlier.
Structural Regulation
China May Grant Securities Licences to Major Banks – Report
29/06/2020
At least two major banks are expected to be allowed to conduct investment banking business intially, rather than the full range of securities services.
Credit Risk
Korean Banks Opt to Adopt Basel III Credit Risk Framework Early
29/06/2020
Fifteen banks and eight bank holding companies opted to adopt the Basel III credit risk framework early as it will boost their capital adequacy ratios.
Trading & Investment
HKEX Shortens Structured Product Listing Cycle to Three Days
29/06/2020
From 13 July, issuers can list derivative warrants, CBBCs and inline warrants for trading on the third trading day after the submission of their term sheets.
Trading & Investment
China Sets Stage for GBA Wealth Management Connect Scheme
29/06/2020
Under a pilot scheme, Greater Bay Area residents will be able to invest in wealth management products distributed by GBA banks across boundaries.
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