
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com

Conduct, Culture & Accountability
Chinese Firms Claw Back Executive Bonuses Paid in Hong Kong
17/07/2024
Hong Kong-based executives and former employees of some state-owned FIs have been asked in recent months to pay back part of their past bonuses.

Market Risk
BCBS Finalises Targeted Adjustments to IRRBB Standard
17/07/2024
The BCBS adjusted the specified interest rate shocks in the IRRBB standard and the methodology used to calculate the shocks.

Cryptocurrency
Korean Lawmakers Propose Revision Bill to Postpone Crypto Tax
17/07/2024
The financial investment income tax, which would impose a 20-25% capital gains tax on stock, bond and fund investments, is also expected to be abolished or postponed.

Trading & Investment
UK FCA Finalises Guidance for New Derivatives Reporting Framework
17/07/2024
The FCA finalised Q&As and validation rules to support implementation of the new framework from 30 September 2024.

Climate Risk
IAIS Launched Final Public Consultation on Climate Risk
16/07/2024
The fourth and final consultation includes proposed new supporting material to better reflect climate-related risk as part of effective supervisory practice.

Trading & Investment
HKEX to Launch ID-based Self-Match Prevention Service on 22 July
16/07/2024
The new “ID-based SMP” service will be available in the derivatives market from 22 July. An optional connectivity test will be provided on 20 July.

Conduct, Culture & Accountability
China Issues New Marketing Guidelines for Online Loans
16/07/2024
NIFA calls on FIs and third-party internet platforms to standardise their online loan marketing activities and abide by 19 measures set out in the guidelines.

Payments & Settlements
Korea, Indonesia Sign Cross-border Payments MoU
16/07/2024
The MOU will support the implementation of cheaper, faster, more inclusive, and more transparent cross-border payments between the two countries.

Trading & Investment
Chinese Commodity Exchanges Lower Hedging Transaction Fees
16/07/2024
The SHFE and INE will halve their hedging transaction fees from 22 July, while the DCE will do so from 1 August.

CBDCs
World Bank Paper Explores Interoperability Between CBDC and FPS
16/07/2024
The paper says internal experimentation demonstrated how CBDC systems could interoperate with retail payment systems through an interlinking bridge.
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