Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Big Picture
UK Considers Use of Climate Risk Capital Buffers
31/10/2021
The Bank of England is exploring whether to use capital add-ons or scalars to address weaknesses in climate risk management.
Securities / Derivatives
Japan FSA Finalises Guidelines on Social Bond Issuance
31/10/2021
Under the guidelines, social bond issuers have to make annual disclosures on the use of the proceeds and the social benefits they yield.
FSC Korea Orders Citi to Submit Detailed Plans on Market Exit
31/10/2021
Citi is asked to submit a detailed plan for how it will protect consumer rights as it exits its retail banking business in Korea.
ESG / Sustainability
BSP Directs Banks to Integrate Environmental, Social Risks
31/10/2021
Banks have to integrate environmental and social risk in their risk management frameworks and when defining their credit strategy.
APRA Finalises Expectations on Negative Rate Preparedness
31/10/2021
ADIs have until 31 July 2022 to develop tactical solutions to implement zero and negative market interest rates and cash rate.
Securities / Derivatives
HKEX Proposes Changes to Rules Governing Share Schemes
31/10/2021
Listed companies will be able to grant no more than 10 percent of their total shares in share award or option schemes.
AML / KYC
AUSTRAC Asks Banks to Avoid Indiscriminate De-banking Practices
31/10/2021
De-banking activities lead criminal activity underground and compound the risks criminals pose to Australia’s financial system and the community.
Market Infrastructure
MAS Advisory Panel Offers Recommendations on Cybersecurity
31/10/2021
The Cyber Security Advisory Panel said security awareness and competency in the blockchain space are “not where they needed to be”.
Market Infrastructure
Malaysia, Thailand Expand Local Currency Settlement Framework
31/10/2021
Malaysian and Thai businesses and individuals can use local currencies to make cross-border payments for trade, investment, income and transfer.
Securities / Derivatives
China to Continue Tax Exemptions for Foreign Bond Investors
31/10/2021
Exemptions from corporate income tax and value-added tax due to expire on 6 November will be extended until 31 December 2025.
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