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
Emerging Prudential Risks
Indian Government Could Undermine Banking Sector Reforms – S&P
18/12/2018
Restrictions on the RBI’s authority to reform governance of public sector banks are seen as a weakness in its mandate and could undermine financial stability, says S&P Global Ratings.
Anti-Money Laundering
Malaysia Files Criminal Charges Against Goldman Sachs over 1MDB
17/12/2018
Malaysian prosecutors have filed criminal charges against three Goldman subsidiaries and two former employees, seeking fines in the billions of dollars and jail terms of up to 10 years.
Anti-Money Laundering
AUSTRAC Publishes AML/CTF Guidance for Superannuation Sector
17/12/2018
While superannuation is not traditionally associated with financial crime exploitation, AUSTRAC’s risk assessment has rated the sector as medium risk.
Market Risk
HKMA Issues Revised SPM for Local IRRBB Implementation
17/12/2018
Authorised institutions should be ready to measure and report IRRBB exposures using the new standardised framework by 1 July 2019.
Cybersecurity
Hong Kong Faces Skills Shortage in Fintech, Cybersecurity – Survey
17/12/2018
Fintech and cybersecurity were viewed as the areas with the largest skills shortage, followed by a skills gap in regulatory and compliance knowledge.
Credit Risk
Myanmar’s First Credit Bureau to Become Operational Within a Year
17/12/2018
Using software from Equifax, the new credit bureau will enable lenders to use credit histories to calculate bad debt risk and potentially lower the need for collateral.
Structural Regulation
Stock Connect to Introduce Investor ID Regime for Southbound Trading
17/12/2018
Launched on 26 September for northbound trading, the investor identification regime will be introduced for southbound trading by the end of Q1 2019.
Capital Adequacy
New Zealand Proposes to Nearly Double Bank Capital Requirements
17/12/2018
The proposal would set a Tier 1 capital requirement equal to 16% of risk-weighted assets for the big four banks, and 15% for other banks, up from 8.5% currently.
Credit Risk
KDIC to Enhance Defences Against Defaults by Financial Firms
14/12/2018
The Korea Deposit Insurance Corp will upgrade its risk assessment and monitoring system in 2019 to protect against the credit risks of financial firms.
Capital Adequacy
Basel Committee Consults on Leverage Ratio Disclosure Enhancements
14/12/2018
The Basel Committee on Banking Supervision seeks to revise leverage ratio disclosure requirements to address arbitrage and window-dressing by banks.editors
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