Editors
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Articles by Editors
Capital / Liquidity
RBI to Require Banks to Use ECL Approach in Provisioning
28/06/2022
Banks were initially due to use the ECL approach to estimate and provision for credit losses from 1 April 2018, but the RBI had deferred implementation.
Fintech / Regtech
China Tightens Anti-Monopoly Rules to Improve Oversight
28/06/2022
The amendments seek to encourage innovation while also protecting fair competition in the market, incuding by raising penalties for monopolistic behaviour.
AML / KYC
AUSTRAC Updates Guidance on Reporting Cash Transactions
28/06/2022
When a customer makes multiple cash transactions of A$10,000 or more, each individual transaction is considered a separate and distinct designated service.
Capital / Liquidity
BIS Launches Yuan Liquidity Facility for Central Banks
28/06/2022
Central banks from China, Hong Kong, Singapore, Malaysia, Indonesia and Chile are creating a reserve pool to guard against market stresses.
ASIC Issues New Guidance on Product Design and Distribution
28/06/2022
ASIC has identified behavioural levers that can influence consumer outcomes and situational vulnerabilities that can amplify poor outcomes.
Market Infrastructure
US Lawmakers Conclude Review Into Meme Stock Market Event
28/06/2022
A House committee says the SEC should introduce a liquidity rule for clearing brokers and FINRA should establish liquidity planning requirements.
Crypto / Digital Assets
Japan’s Soramitsu to Study CBDC in Vietnam, Fiji, Philippines
27/06/2022
Japan’s METI has selected Soramitsu to conduct CBDC feasibility studies in other APAC countries, building on its work in Cambodia and Laos.
Securities / Derivatives
HKMA, SFC to Proceed With Changes to FSP List
27/06/2022
One new entity, Nomura Financial Products Europe GmbH, is being added to the FSP List under the OTC derivatives regime.
Enforcement
Korea FSS to Punish Illegal Business Lending by Savings Banks
27/06/2022
Restrictions on household loans appear to have caused an increase in loans to businesses from savings banks to fund housing purchases.
Fintech / Regtech
China Approves Plans to Strengthen Payments, Fintech Regulation
27/06/2022
The plan, approved by President Xi Jinping, calls for the “complete inclusion” of payments and other financial activities within regulations.
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