Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Capital Markets Workforce Capped as Malaysia Enters Lockdown
31/05/2021
The banking, insurance, takaful and capital markets sectors will operate at 60 percent capacity during a 2-week lockdown starting 1 June.
Capital / Liquidity
PBOC Eases Overseas Financing Limits for Foreign Banks
31/05/2021
The PBOC has reportedly relaxed cross-border leverage limits for local branches of foreign banks from 0.8 to 2.0.
Market Infrastructure
RBNZ Publishes Results of Data Breach Review by KPMG
31/05/2021
KPMG found that the use of file-sharing app Accellion FTA went beyond the acceptable use specified in the RBNZ’s own guidelines.
ESG / Sustainability
APRA Invites Tenders to Help Model Physical Climate Risk
31/05/2021
APRA is seeking physical climate risk modelling capabilities to support the delivery of climate scenario analysis data to banks participating in the CVA project.
Securities / Derivatives
CSRC Green-lights Launch of Crude Oil, Palm Oil Options
30/05/2021
Crude oil options will launch on 21 June. Palm oil options will launch on 18 June. Both products will be open to foreign investors.
Enforcement
ASIC Files Federal Court Suit Against AMP Companies
30/05/2021
ASIC has taken court action against AMP for charging deceased customers insurance premiums and advice fees. AMP has already remediated the impacted customers.
Enforcement
Philippine Court Jails Broker for Illegal Trading in 1999
30/05/2021
The court’s decision represents the first conviction won by the SEC after two decades of pursuing stockbrokers and investors linked to the case.
Enforcement
CSRC Chongqing Bureau Director Removed for Corruption
29/05/2021
The CCDI and CSRC said corruption and bribery ran throughout Mao Bihua’s career. The case has been referred to prosecutors.
Enforcement
ASIC Files Criminal Charges Against ME Bank
29/05/2021
ME bank made “false or misleading” representations in home loan customer communications and failed to give timely notice of changes to the loan terms.
AML / KYC
HK Bankers Threatened With Jail Under National Security Law
29/05/2021
Letters sent to HSBC and Citibank threaten up to seven years’ jail for any dealings with Hong Kong accounts belonging to media tycoon Jimmy Lai.
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