Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Market Infrastructure
ASIC ‘Well-Placed’ to Manage Impacts of No-Deal Brexit
08/02/2019
ASIC says it is carefully monitoring developments and has been liaising closely with UK and Australian authorities to plan for potential Brexit-related impacts.
Capital / Liquidity
Bangladesh Bank Eases Limits on Bad Loan Write-offs
08/02/2019
New policies on write-offs are aimed at reducing NPLs on banks’ books. Meanwhile, the government has revealed a plan to probe defaulting borrowers and their bankers.
Philippine Banks Required to Report on Deposit, Loan Rates
08/02/2019
Bank interest rates on loans and deposits will be published to allow consumers to compare costs, and to enhance the BSP’s monitoring and analysis.
Market Infrastructure
MAS Consults on Revisions to Banking Act
08/02/2019
Among the amendments are proposals to expand the grounds for which MAS can revoke a bank licence, and expanded circumstances for auditors to report on a bank’s financial soundness.
Fintech / Regtech
MAS Proposes New Requirements for Banks’ Outsourced Functions
08/02/2019
The proposals will expand MAS’ powers to impose requirements on banks’ and merchant banks’ outsourcing arrangements, regardless of where outsourced functions are performed.
Enforcement
NAB Chief Steps Down Amid Royal Commission Criticism
07/02/2019
Commissioner Hayne said in his Final Report that NAB “stands apart” from the other major banks and questioned whether its senior leadership was capable of reforming the bank’s culture.
Enforcement
SEBI Directs Exchanges to Check Volatile Stocks for Manipulation
07/02/2019
SEBI has asked the BSE and NSE to boost intra-day surveillance to check unusually volatile stocks for possible manipulation.
Market Infrastructure
India to Set Up Unified Regulator for GIFT City Financial Services
07/02/2019
A bill to establish a unified regulator to oversee financial services at India’s GIFT City has been approved by the country’s cabinet.
Securities / Derivatives
ISDA Launches Digital Platform to Automate IM Documentation
07/02/2019
‘ISDA Create – IM’ is expected to significantly reduce the time and resources it takes to negotiate margin documentation for participants in non-cleared OTC derivatives markets.
Crypto / Digital Assets
Australia Solicits Comments on Regulatory Framework for ICOs
06/02/2019
A bespoke framework for ICOs can provide regulatory clarity and encourage economic activity, but the costs and benefits must be weighed, says a paper from Australia’s Treasury.
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