Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Securities / Derivatives
Singapore Tightens Requirements for Family Office Tax Breaks
19/04/2022
The new requirements are expected to slow the market’s growth but over time attract larger and more wealthy families to set up in Singapore.
Big Picture
SBTi Offers Guidance to FIs on Setting Net Zero Targets
19/04/2022
SBTi’s new paper provides principles, definitions, metrics, and target formulation considerations for FIs to set quantitative net-zero targets.
Capital / Liquidity
Bangladesh Bank Issues Provisioning Policy for ‘Other Assets’
19/04/2022
Banks will have to hold ‘bad debt’ level provisions against funds allocated for certain business expenditures if they sit on the balance sheet as ‘other assets’ for over a year.
Enforcement
China to Step Up Corruption Crackdown in Capital Markets
19/04/2022
So far this year, nine financial officials were expelled from the CCP, with some facing other disciplinary punishments including criminal prosecution.
ESG / Sustainability
FSA Issues Guidance to Japanese FIs on Using NGFS Scenarios
19/04/2022
The guidance will help Japanese financial institutions use of the NGFS scenarios to conduct climate-related financial risk analysis, the FSA said.
Securities / Derivatives
Japan to Remove Quarterly Reporting Requirements
19/04/2022
Legislation will be introduced in 2023 to remove a requirement for listed companies to provide the government with audited quarterly financial statements.
Market Infrastructure
China to Unify Domestic Markets to Prevent Unfair Competition
19/04/2022
China will cultivate a unified national ecological and environment market and create unified carbon emissions and water rights trading markets.
AML / KYC
APAC Banks Need to Increase Vigilance to TBML Risks
19/04/2022
Panellists at a recent Regulation Asia webinar discussed the need for greater vigilance to TBML risks and how workflow enhancements can improve outcomes.
AML / KYC
US Treasury Sanctions Lazarus Entities Over ‘Ronin Bridge’ Hack
19/04/2022
OFAC has added a list of entities associated with Lazarus to its sanctions list, including a specific Ethereum wallet address associated with the attackers.
Enhancements to HK Personal Loan Guarantee Scheme Take Effect
19/04/2022
The maximum loan amount per borrower under the 100% Personal Loan Guarantee Scheme is increased. The maximum repayment period and principal moratorium arrangement are extended.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team