Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Australia Passes Bill to Enhance Financial Advice Fee Disclosures
02/03/2021
Financial advisers will have to provide clients an annual, forward-looking summary of fees and corresponding services, in addition to existing disclosures.
ESG / Sustainability
Malaysian FIs to Start Applying Climate Risk Taxonomy
02/03/2021
Financial institutions will begin capturing exposures based on the Climate Change and Principles-Based Taxonomy over the course of 2021.
Capital / Liquidity
FSB Urges Indonesia to Further Advance OTC Derivatives Reforms
02/03/2021
Indonesia needs to address legal uncertainties relating to netting for derivatives transactions in bankruptcy to facilitate central clearing and margin requirements.
Capital / Liquidity
CBIRC Issues Draft Rules on Recovery and Resolution Plans
02/03/2021
Deposit-taking institutions, asset managers and financial leasing companies with CNY 300 billion in total assets have to formulate recovery and resolution plans.
AML / KYC
China Renews Anti-corruption Drive with Global Crackdown
02/03/2021
Several government departments including the PBOC will work together to track down corrupt Chinese fugitives and recover ill-gotten gains.
ESG / Sustainability
SEBI to Issue ESG Disclosure Guidelines for Listed Companies
02/03/2021
Chairman Ajay Tyagi said SEBI will issue new guidelines “soon”, with a view to achieving greater transparency and accountability from listed companies on ESG.
AML / KYC
Huawei Launches Hong Kong Court Proceedings Against HSBC
02/03/2021
Huawei is seeking internal HSBC documents it says will help it defend against its CFO Meng Wanzhou’s extradiction to the US to face bank and wire fraud charges.
ESG / Sustainability
BOJ, FSA to Analysis Climate Impacts on Banks This Year
02/03/2021
The BOJ will reportedly work with the FSA to analyse the impact of climate risks on banks in this year’s examinations.
Market Infrastructure
FSA to Seek Report from Mizuho Over ATM Network Shutdown
02/03/2021
A system glitch caused the shutdown of over half of Mizuho’s ATMs on Sunday, with internet banking transactions also partially halted.
Securities / Derivatives
Australian Senator Seeks to End Short Selling by Super Funds
01/03/2021
Senator Gerard Rennick says short selling practices are an example of how superannuation funds aren’t protecting the interests of their members.
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