Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Australia Proposes Enhanced Protections for SACC Consumers
21/02/2023
The amendments are designed to ensure consumers of SACCs and consumer leases are not left unable to meet their basic needs or other financial commitments.
Fintech / Regtech
Singapore, India Launch Real-time Payments Linkage
21/02/2023
The service is available in Singapore via DBS and Liquid Group, and in India via Axis Bank, DBS India, ICICI Bank, Indian Bank, Indian Overseas Bank and State Bank of India.
Enforcement
CBIRC Imposes Fines on Five Banks for Regulatory Violations
21/02/2023
China Construction Bank, Bank of China, Standard Chartered China, China Minsheng Bank and China Bohai Bank were fined a combined CNY 387.9 million.
Fintech / Regtech
RBI Launches Second Global Digital Innovation Hackathon
21/02/2023
The problem statements relate to digital banking services, priority sector lending, CBDC transactions, and blockchain scalability.
ESG / Sustainability
Bursa Malaysia to Drive Carbon Market Ecosystem Development
21/02/2023
A handbook on generating carbon credits will be developed, as well as a directory of carbon industry service providers to facilitate collaboration.
Market Infrastructure
PBOC Issues Draft Rules for Northbound Swap Connect Trading
20/02/2023
To participate in Swap Connect and trade interest rate derivatives with Mainland investors, foreign investors will need approval to access the interbank bond market.
Securities / Derivatives
CSRC Issues New Rules for Overseas IPOs by Mainland Firms
20/02/2023
The rules allow companies to choose an overseas listing destination for their IPOs, but require them to first register the intention with the CSRC, which will vet the applications.
Securities / Derivatives
RBI Issues Draft Rules Permitting G-Sec Borrowing & Lending
20/02/2023
Entities that are permitted to engage in short selling are eligible to borrow securities under a GSL transaction, which may be a tenor of up to 90 days.
Capital / Liquidity
China Drafts Revised Capital Management Rules for Banks
20/02/2023
The new rules propose to classify banks into three categories based on their business scale and risk levels and treat them differently based on their classification.
ESG / Sustainability
Korean Draft Law to Introduce Fines for Greenwashing
20/02/2023
The Ministry of Environment will fine companies up to KRW 3 million for misleading or false sustainability claims.
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