Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Korea to Launch Small Business Loan Refinancing Programme
17/08/2022
Banks and nonbank lenders will offer refinancing of business loans taken by self-employed and small merchants with interest rates of 7 percent or higher.
Enforcement
Hong Kong FRC Probes Evergrande, PwC Over Loan Guarantees
16/08/2022
The FRC is concerned about deposits held by Evergrande’s property services unit that were pledged as security for third parties to obtain bank loans.
Enforcement
HK Exchange Censures Ping An Securities, Two Former Directors
16/08/2022
The two former executive directors of Ping An Securities caused losses to the company through unapproved loans and asset disposals.
Market Infrastructure
CFTC Removes Clearing Requirement for LIBOR Swaps
16/08/2022
Mandatory clearing requirements will instead apply to interest rate swaps referencing SARON, TONA, €STR, SOFR and SORA.
Capital / Liquidity
Property Crisis Prompts Unexpected Rate Cuts from PBOC
16/08/2022
Property developers have lost about $55bn in share value and $35bn in their debt value since the beginning of the year.
Uncategorised
Bursa Malaysia to Launch VCM Exchange by Year-End
16/08/2022
The exchange said the VCM will encourage investments in high-quality offsetting projects that can generate positive environmental and societal benefits.
Fintech / Regtech
Chinese Tech Giants Submit App Algorithm Details to CAC
16/08/2022
Companies including Alibaba, Tencent, Meituan, ByteDance and Baidu submitted algorithm information to regulators to comply with requirements adopted in March.
ESG / Sustainability
Australia Needs National Carbon Market Strategy – Report
16/08/2022
The government should publish a national strategy that helps embed decarbonisation in everyday decision-making and upholds the integrity of offsets, the Climate Change Authority says.
Crypto / Digital Assets
ISLA May Revise GMSLA to Cater to Digital Assets
15/08/2022
ISLA has appointed Ashurst to assess whether the standard master agreements used in securities lending may need to be extended or revised.
BSP Urged to Regulate Away ‘Exorbitant’ Bank Transfer Fees
15/08/2022
Lawmaker Joey Salceda is calling on the BSP to set a cap on transfer fees charged by banks for the use of interbank payment systems.
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