Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Capital / Liquidity
New Internet-Only Banks in S. Korea to Get Grace on Basel Rules
26/03/2019
The FSC wants to grant new internet-only banks three years’ grace on Basel III requirements to ease the regulatory burden during the early stages of their business operation.
Fintech / Regtech
Singapore, Australia Fintech Bodies Agree to Collaborate
26/03/2019
FinTech Australia and the Singapore Fintech Association have agreed to collaborate on fintech initiatives across ASEAN and Australia. The MoU was signed at Money20/20 in Singapore last week.
Fintech / Regtech
RBI to Issue Regulatory Sandbox Guidelines Within 2 Months
26/03/2019
The RBI will set up a regulatory sandbox and create an ecosystem which promotes collaboration in fintech, central bank governor Shaktikanta Das said on Monday.
Capital / Liquidity
RBI Again Defers Banks’ Implementation of New Accounting Standards
25/03/2019
The RBI has again deferred ‘until further notice’ the implementation of new accounting rules for banks, which could have forced banks to raise bad loan provisions by $16bn in H2, said Fitch.
Big Picture
Hong Kong Consumers Willing to Share Personal Data – Accenture
25/03/2019
Although 60% of Hong Kong consumers say they are very cautious about data privacy, more than half are willing to share significant personal data for lower pricing on financial services.
Enforcement
SEBI Seeks Broader Powers to Pursue Securities Law Violations
25/03/2019
SEBI wants to be able to inspect the books of listed companies when it suspects any securities law violations, and to impose penalties for the manipulation of a company’s accounts.
Securities / Derivatives
S. Korea to Reduce Securities Transaction Tax This Year
25/03/2019
The stock trading tax will be cut on the KOSDAQ, KOSPI and KONEX. Capital gains taxes on stock transactions to also be changed.
Capital / Liquidity
S. Korea to Make Loan Approvals More Startup Friendly
25/03/2019
The FSC will overhaul the corporate loan approval system used at banks to broaden the scope of assets start-ups can pledge to secure financing.
ESG / Sustainability
FIs Should Consider Climate in Risk Management Frameworks – APRA
25/03/2019
Australia’s banking regulator will enhance its scrutiny on how banks, insurers and super funds are mitigating climate-related risks to their businesses.
Securities / Derivatives
JPX-TOCOM Merger Agreement Expected by End-March
22/03/2019
JPX and TOCOM plan to merge this year to create an all-in-one bourse that handles both stocks and commodity futures, but challenges will remain even after a final agreement is reached.
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