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
Trading & Investment
Indian Banks Association Pushes for LIBOR Transition Readiness
12/02/2020
The IBA has written to companies asking them to assess the impacts that the LIBOR phase-out will have on their businesses, and to prepare accordingly.
Structural Regulation
HK Accountants Body Calls for Blanket Extension to Results Deadline
12/02/2020
The SFC-HKEX decision to allow the publication of unaudited results on a case-by-case basis has “not yet fully addressed the concerns of the accounting industry”.
Structural Regulation
Alibaba May Be Excluded from HK-China Stock Connect – Report
12/02/2020
A decision has not yet been made to revise a previous arrangement that excludes companies with secondary listings and weighted voting rights from Stock Connect.
Cloud & Infrastructure
Bill Passes to Enhance ASIC’s Fintech Regulatory Sandbox
12/02/2020
Under the amendments, firms will be able to test a wider range of new financial and credit products and services without a licence from ASIC, for a longer time.
Data Privacy
Hong Kong Considers Reforms to Data Privacy Laws
12/02/2020
Key recommendations include higher penalties for breaches, mandatory data breach notifications, and a requirement for clear personal data retention policies.
Conduct, Culture & Accountability
Advice Remediation at Six Biggest FIs Reaches A$750m: ASIC
12/02/2020
NAB has paid over A$203mn to over 588,000 customers as compensation for non-compliant advice and fees-for-no-service misconduct.
Payments & Settlements
China Green Lights Mastercard JV to Enter Bank Card Clearing Market
12/02/2020
The approval follows a commitment from China to expedite pending licence applications from US payments providers as part of the phase one trade deal.
Structural Regulation
CBIRC’s New Rules for Trust Companies to Take Effect in March
11/02/2020
When the measures take effect, a $1bn asset threshold required of foreign financial institutions to hold shares in domestic trust companies will be effectively cancelled.
CBDCs
Federal Reserve Explores Feasibility of US Dollar CBDC
11/02/2020
The Fed is exploring policy and design issues, legal considerations, and financial stability and resilience implications, governor Lael Brainard says.
Anti-Money Laundering
SFC Fines BMI Securities, Suspends RO for AML Breaches
11/02/2020
The SFC has fined BMI Securities HK$3.7mn and suspended one of its responsible officers for failures to comply with AML/CFT obligations.
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