Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Securities / Derivatives
Japan to Tighten Approval Threshold for Foreign Investment
23/09/2019
The stricter rules could create a significant new hurdle to investment in Japan, with foreign fund managers reportedly describing their effect as “chilling”.
Capital / Liquidity
Chinese Banks Rush to Issue Perpetual Bonds – Report
23/09/2019
Nine of China’s banks have issued perpetual bonds worth about 410 billion yuan so far, and another eight are preparing to raise another 400 billion yuan.
Market Infrastructure
ISDA Issues Guidance on Executing Trades on Recognised Venues
23/09/2019
The guides describe how cross-border trading will work following the CFTC-MAS, CFTC-FSA and EC-MAS agreements on mutual recognition of derivatives trading venues.
Enforcement
UPDATED – Woori, KEB Hana Likely to Compensate Investors in Risky Products
23/09/2019
The FSS is outlining compensation guidelines and initiating dispute mediation proceedings for investors who lost money in derivative-linked funds.
Enforcement
ClearView Completes Advice Remediation Programme
20/09/2019
Financial compensation totalling A$730,000 was offered to 215 clients who were harmed by poor advice, while another 21 clients received non-financial remediation.
Capital / Liquidity
Bangladesh Banks Face Capital, Provisioning Shortfalls
20/09/2019
Recent policies to help delinquent borrowers have incentivised good borrowers to default, leading to a rise in NPLs that is threatening to overwhelm banks.
Fintech / Regtech
Tencent, Alibaba Refuse to Share Data to National Credit Database
20/09/2019
Tencent Credit and Alibaba’s Sesame Credit hold more customer data than any of their online lending peers, but they are not providing the data to the national credit database.
Capital / Liquidity
Vietnam Banks Ordered to Control Loans Backed by Savings Book
20/09/2019
The SBV says banks may not allow borrowers to use long term savings books as collateral for loans if they have no plans to use the capital.
Securities / Derivatives
Thailand, Cambodia Sign MoU on Cross-Border Listings
20/09/2019
A working group will be formed to implement mechanisms for cross-border equity offerings, dual listings and depositary receipts between the two countries.
Big Picture
Financial Firms Largely Unprepared for LIBOR Transition: Survey
19/09/2019
Although 84% of financial firms have a formal LIBOR transition plan in place, only 18%of them describe their programmes as ‘mature’, according to a new Accenture report.
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