Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Korea to Establish New Fund to Support Corporate Restructuring
14/04/2023
State-run banks and the private sector will contribute KRW 1 trillion to the fund, which will be operated by KAMCO.
Almost $3b Locked Up in Hong Kong MPF Accounts
14/04/2023
Advocacy group Hong Kong Watch estimates 96,000 people are being prevented from access their MPF funds after they moved to the UK with BNO passports.
Enforcement
ATO to Compel Banks to Hand Over Landlord Data in Tax Probe
13/04/2023
The Australian Taxation Office is seeking to identify individuals who are failing to meet their tax obligations on residential investment properties.
Capital / Liquidity
Taiwan FSC Orders Insurers to Raise RBC Ratios or Face Takeover
13/04/2023
The FSC has ordered CTBC, Fubon, Tokio Marine and Hotai to raise capital by the end of June this year or face takeover within 90 days.
Crypto / Digital Assets
Crypto Regulation is an Opportunity for Industry: Ding Chen, Bullish
13/04/2023
Ding Chen at digital asset exchange Bullish says increasing regulation presents an opportunity for crypto firms to gain a competitive advantage.
Capital / Liquidity
UBS-Credit Suisse Merger Continues to See Opposition
13/04/2023
Swiss lawmakers symbolically voted against a liquidity package to support the merger, which is expected to formally close within a few months.
RBI Directs Lenders to Charge Loan Penalties More Fairly
13/04/2023
The RBI said penal charges on loans are intended to “inculcate a sense of credit discipline among borrowers” and as a “revenue enhancement tool”.
Crypto / Digital Assets
Blockchain Can Revolutionise Energy Sector – WEF Report
13/04/2023
The report offers guidance on conducting impact assessments of blockchain projects that encompasses environmental, social and economic impacts.
Sanctions
US, UK Announce Coordinated Sanctions Targeting Russia Facilitators
13/04/2023
US sanctions include International Investment Bank, a Russia-controlled financial institution in Hungary, and three of its current and former executives.
Securities / Derivatives
Super Funds that Fail Performance Test Must Improve Communications
13/04/2023
ASIC reviewed the performance communications of four super funds that failed APRA’s annual performance test for the second time last year.
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