Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Capital / Liquidity
Thailand Asks State Banks to Help Debtors with NPLs
21/04/2022
Five state banks are asked to grant defer repayments and grant new loans to debtors who are already past due on old debt.
Crypto / Digital Assets
Australia to Launch First Crypto ETFs Next Week
21/04/2022
Cosmos Asset Management will issue an ETF offering indirect exposure to Bitcoin. 21Shares will offer direct crypto exposures through a Bitcoin ETF and an Ether ETF.
RBI Issues New Rules on NBFC Compliance Function
21/04/2022
Upper and middle layer NBFCs have until 1 October 2023 to install a compliance function and chief compliance officer.
Fintech / Regtech
Japan FSA Publishes Research on Overseas Data Collection Platforms
20/04/2022
A survey of overseas authorities was conducted to inform the development of a “joint data platform” that will be used by both the FSA and BOJ.
AML / KYC
20 Year Old Pleads Guilty in OCBC Phishing Scam Case
20/04/2022
The individual worked with other youths to provide overseas syndicates control of bank accounts that were used to receive and dissipate funds obtained through scams.
Big Picture
WFE Publishes Paper on Human Rights Disclosure Practices
19/04/2022
The paper addresses social washing concerns and offers guidance for exchanges on reporting against human-rights related reporting frameworks.
Capital / Liquidity
PBOC, SAFE Step Up Support for Covid-Hit Economy
19/04/2022
Banks are asked to increase lending, delay loan repayments, defer overdue loan reclassification, and support infrastructure projects and property developers.
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.
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