Editors

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    Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com

    Articles by Editors

    Market Infrastructure

    ARRC Formally Recommends CME Group SOFR Term Rates

    31/07/2021

    Forward-looking term rates are needed for syndicated and bilateral corporate loans, as well as in the CLO and leveraged loans markets.

    Capital / Liquidity

    Malaysia Establishes Policy on Recovery and Resolution Planning

    31/07/2021

    Financial institutions will be required to submit their first recovery plans within 18 months from the date they receive a request from BNM.

    Fintech / Regtech

    BSP Grants Fourth Digital Bank Licence to UnionBank

    31/07/2021

    UnionBank is the latest to receive the licence after Landbank’s Overseas Filipino Bank, Tonik Bank, and UNOBank.

    Market Infrastructure

    ISDA, NAFMII Publish Standard Text to Enable IBOR Fallbacks in China

    31/07/2021

    New definitions will come into effect on 29 October 2021 to enable firms to include contractual IBOR fallbacks into onshore derivatives transactions.

    Enforcement

    ASIC Files Suit Against AMP Over Superannuation Fees

    30/07/2021

    AMP companies are said to have charged advice fees to more than 1,500 customers despite being notified they were no longer able to access the relevant advice.

    Market Infrastructure

    ASX to Replace Standard Definitions for Interest Rate Swaps

    29/07/2021

    From 4 October, all OTC interest rate derivatives contracts will be treated as if they incorporated the new 2021 ISDA Definitions.

    Market Infrastructure

    RBI Opens RTGS, NEFT to Non-bank Payment System Providers

    29/07/2021

    Prepaid payment instruments, white label ATM operators and card networks can now connect to the RTGS and NEFT systems.

    Capital / Liquidity

    MAS Ends Dividend Cap for Banks, Finance Companies

    29/07/2021

    Local banks and finance companies should still exercise continued prudence in their discretionary distributions, and prioritise support to customers.

    AML / KYC

    FSC Finds VASP Deposit Accounts Linked to Fraudulent Activity

    29/07/2021

    Crypto exchanges in Korea are required to use bank accounts under their real names. Third party bank accounts are not allowed.

    ESG / Sustainability

    BOJ to Pursue ‘Learning-by-doing’ Approach to Climate Risk

    29/07/2021

    The BOJ will offer zero-interest funds to FIs making loans and investments to tackle climate change, study the programme’s impacts, and make adjustments when necessary.

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