Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
ESG / Sustainability
BCBS Calls on Banking Sector to Enhance Cyber Defences
21/09/2021
Remote work arrangements and digital financial services have “enlarged banks’ attack surfaces”, creating opportunities for malicious actors, the BCBS said.
Securities / Derivatives
JSDA to Form Industry Panel to Review IPO Pricing Mechanism
20/09/2021
Startups say IPO prices are set too low prior to listing and that they have often surged on listing. Brokers say the gaps are caused by volatility.
Enforcement
FSS Korea to Appeal Ruling Nullifying Woori Chairman Ban
20/09/2021
The appeal will follow a court decision to nullify an FSS decision to ban Woori Financial Group chairman Sohn Tae-seung for three years.
Fintech / Regtech
BSP Grants Sixth Digital Bank Licence to PayMaya
20/09/2021
The seventh and final digital bank is likely to be an existing bank applying to convert into a digital bank, but approval has been delayed.
Market Infrastructure
OSE, TOCOM Launch New Derivatives Trading System
20/09/2021
J-GATE 3.0 will help to expand market liquidity and improve reliability and convenience for investors and trading participants.
Securities / Derivatives
Montréal Exchange Extends Trading Hours to Accommodate APAC
20/09/2021
The Canadian derivatives exchange said it is syncing its trading hours with APAC markets to support growing investor demand.
Securities / Derivatives
CSRC Drafts Disclosure Rules for SMEs on New Beijing Exchange
20/09/2021
The proposed rules sets requirements on disclosure content and format to ensure the effectiveness and readability of information disclosures SMEs on the BSE.
Market Infrastructure
BSP Instructs Banks to Proactively Transition from LIBOR
20/09/2021
The BSP is not looking to prescribe specific alternative reference rates for use by Philippine banks, saying these choices should be market-driven.
Capital / Liquidity
India Authorises Sovereign Guarantee for New ‘Bad Bank’
20/09/2021
India’s new National Asset Reconstruction Company will acquire stressed assets through the issuance of tradeable security receipts guaranteed by the government.
PBOC Injects Liquidity Amid Fears of Evergrande Default
19/09/2021
Evergrande is being called China’s Lehman, as a default by the company could spill into numerous industries. Interest payments on two notes come due this week.
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