Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Sanctions
Australia Issues Draft Bill on Financial Advice Reforms
21/04/2021
The bill will expand the role of ASIC’s Financial Services and Credit Panel so that it operates as the single disciplinary body for financial advisers.
AML / KYC
Taiwan Launches ‘MyData’ Platform With 15 Banks
20/04/2021
The platform allows consumers to use personal data stored by government agencies to facilitate their access to financial services.
Securities / Derivatives
ISDA to Consolidate Interest Rate Derivatives Definitional Book
20/04/2021
The new 2021 ISDA Interest Rate Derivatives Definitions will be published on 17 May, with target implementation scheduled for October.
Capital / Liquidity
Bangladesh Bank Issues Guidelines on ‘Experimental’ IRRBB Adoption
19/04/2021
To facilitate the full implementation by 30 June 2024, banks are asked to arrange for the experimental adoption of the guidelines by 30 June 2021.
Enforcement
Former AIA Agent Convicted For Fraud Over Signing Fee
19/04/2021
The former representative submitted false income proof statements to deceive AIA into offering him a higher signing fee.
Securities / Derivatives
CBIRC Calms Market Fears Over Huarong Restructuring
19/04/2021
The CBIRC says Huarong is actively cooperating with its auditor and will complete its annual report as soon as possible.
Capital / Liquidity
BCBS Outlines Work Priorities for 2021-2022
19/04/2021
Priorities include ongoing Covid-19, digitalisation, climate risk, AI/machine learning, data and technology governance and operational resilience.
ESG / Sustainability
HK Bourse Proposes New Governance, ESG Reporting Standards
19/04/2021
The proposals enhance corporate governance standards in the areas of corporate culture, director independence, diversity, and ESG disclosures and standards.
Citigroup to Exit 13 Markets, Including 10 in Asia
19/04/2021
The move is part of an ongoing strategic review to allow Citi to direct resources to the businesses where it has the greatest scale and growth potential.
ESG / Sustainability
PBOC to Extend Stress Tests to All Domestic Banks This Year
18/04/2021
Previously, only major banks were stress-tested. The expanded stress tests are meant to improve risk monitoring and early warning systems.
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