Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Securities / Derivatives
Bursa Malaysia Announces Launch of Shariah Discretionary Trading
09/07/2022
Discretionary trading based on Shariah principles is now permitted at Bursa Malaysia. Malacca Securities is the first to offer the service.
Bangladesh Imposes 100pc Margin Requirement on Luxury Imports
09/07/2022
Banks may not lend importers funds to meet the 100 percent LC margin requirement, which applies to a broad range of luxury imports.
Enforcement
FSC Korea Penalises Shinhan Bank for Lime Fund Mis-selling
08/07/2022
Shinhan Bank is being suspended for three months from selling new private equity fund products and fined KRW 5.7 billion.
Crypto / Digital Assets
Crypto Firm Voyager Digital Files for Bankruptcy, FDIC Opens Probes
08/07/2022
Voyager previously used wording on a company web page implying that deposit protection could apply in the event of the company’s own failure.
Capital / Liquidity
HKMA Consults on Implementation of Basel III Reforms
08/07/2022
The proposed amendments relate to the implementation of Basel III final reform package, specifically in relation to credit risk and the output floor.
Market Infrastructure
FSB Advances Work on G20 Cross-border Payments Roadmap
08/07/2022
The FSB has proposed KPIs and data sources for monitoring progress toward quantitative global targets for addressing the challenges faced by cross-border payments.
Capital / Liquidity
BCBS Issues Guidance for Supervisors on Proportionality
08/07/2022
Proportionate approaches provide regulatory certainty without being overly static, which can create favourable operating environments for both banks and supervisors.
Securities / Derivatives
Alder to Leave SFC to Take Up Role as FCA Chair
08/07/2022
Ashley Alder became the SFC’s CEO in October 2011. His new appointment as chair of the UK FCA will start in January 2023.
Crypto / Digital Assets
IOSCO Outlines Planned Work to Address Crypto Market Risks
07/07/2022
The roadmap will initially focus IOSCO’s Fintech Taskforce on work to analyse and respond to market integrity and investor protection concerns.
HKMA Joins International Financial Consumer Protection Organisation
07/07/2022
FinCoNet’s membership includes more than 30 regulators responsible for financial consumer protection around the world.
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