Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Crypto / Digital Assets
FASB Opens Consultation on New Crypto Accounting Standard
23/03/2023
Fair value accounting will more accurately reflect the underlying economics of crypto assets and provide more decision-useful information.
Capital / Liquidity
BCBS to Assess Financial Stability Risks of Higher Interest Rates
23/03/2023
The BCBS will also consult on revisions to its Core principles for effective banking supervision and on a Pillar 3 disclosure framework for climate-related financial risks.
Securities / Derivatives
No Active Negotiations to Resolve India CCP Issue: ESMA
23/03/2023
EU banks will face a 1,250% risk weight on exposures to Indian CCPs after April. French and German regulators have given their banks 18 extra months to terminate Indian CCP memberships.
Fintech / Regtech
BIS Innovation Hub Completes Project Nexus Proof-of-Concept
23/03/2023
The next phase of Nexus will connect the instant payment systems of Singapore, Indonesia, Malaysia, Philippines and Thailand.
ESG / Sustainability
IASB to Explore How Financial Statements Could Better Reflect Climate Risks
23/03/2023
The IASB will ensure any proposals work well with the IFRS Sustainability Disclosure Standards due to be issued by the end of Q2 2023.
Fintech / Regtech
Korea to Launch Online Deposit Product Brokerage Service in June
23/03/2023
The service will allow consumers to compare and receive recommendations for deposit products from various FIs.
Capital / Liquidity
Yellen Not Considering ‘Blanket Insurance’ for US Bank Deposits
23/03/2023
Regulators are reviewing banking risks on a case-by-case basis. The FDIC would only step in to protect all depositors if there are systemic or contagion risks.
ESG / Sustainability
Biden Blocks Anti-ESG Bill; Texas to Divest from HSBC
23/03/2023
HSBC was added to a list that will requires state governmental entities in Texas to divest from all of the bank’s publicly traded securities within 360 days.
Crypto / Digital Assets
Eurex to Launch Europe’s First Bitcoin Futures Contract
23/03/2023
The contract, developed in partnership with FTSE Russell and Digital Asset Research, will launch on 17 April 2023.
Securities / Derivatives
SFC Publishes “Quick Reference” Licensing Guides
23/03/2023
The quick reference guides are intended to encourage more family offices and private equity businesses to operate in Hong Kong.
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