Editors
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Articles by Editors
Securities / Derivatives
APRA Completes Superannuation Data Transformation Phase One
25/03/2021
Most of the new data will be submitted from September 2021, however trustees will be allowed to defer submission of some less critical data for one year.
Enforcement
CBIRC Fines Citic Bank for Failure to Protect Customer Data
25/03/2021
The penalty is likely related to a complaint by a popular comedian that Citic Bank leaked his personal data on the Internet.
ESG / Sustainability
ICMA Calls for ESG Metrics, Standards for Securitised Assets
25/03/2021
Unless ABS investors have better access to standardised and relevant data, they will be unable to appraise ESG risks and satisfy sustainability objectives.
Securities / Derivatives
CSRC Issues Revised Disclosure Rules for Listed Companies
25/03/2021
The new rules introduce additional safeguards against insider trading and improve the timing of disclosure of major events.
Enforcement
CSRC Bans Haitong Securities from Advisory Work for One Year
25/03/2021
The CSRC said Haitong did not effectively control risk in its bond business dealings, which resulted in Yongcheng Coal’s CNY 1 billion default.
Securities / Derivatives
US SEC Consults on ‘Holding Foreign Companies Accountable’ Rules
25/03/2021
The SEC is seeking public comments on its process for identifying companies that fail to meet the new standards, as well as submission and disclosure requirements.
Fintech / Regtech
Internet-only LINE Bank Commences Trial Operations in Taiwan
25/03/2021
Only LINE Bank employees will participate in the trial operations. Depending on the results, full operations could commence by late April.
Enforcement
SFC Fines GEO Securities for Breaching Licence Conditions
25/03/2021
The firm also did not have effective controls in place for product due diligence, client risk tolerance assessment, and record-keeping.
Market Infrastructure
PBOC, SWIFT to Establish Cross-border Payment Stability
25/03/2021
The PBOC’s joint venture with SWIFT will build a localised messaging network to provide Chinese FIs with a more stable connection to the main SWIFT network.
Group of Seven Agrees to ‘Sizeable’ Increase in IMF Reserves
24/03/2021
The G7 has also agreed to work with the IMF to enhance transparency and accountability around the usage of SDRs.
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