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
Credit Risk
Philippine President Duterte Signs ‘Bad Bank’ Bill Into Law
17/02/2021
The law will help cushion lenders from a build-up of bad loans due to the Covid-19 crisis, allowing them to dispose of bad assets and keep the banking system stable.
Payments & Settlements
Bangladesh to Launch New Interbank Money Market Platform
17/02/2021
The platform will help to promote more efficient liquidity movements among conventional banks and NBFIs, said a Bangladesh Bank official.
Structural Regulation
SC, Bursa Malaysia Grant Additional Relief for Listed Issuers
17/02/2021
Listed issuers allowed an automatic 1-month extension to prepare financial statements. Those impacted by Covid-19 are granted more time to regularise operations.
Credit Risk
Korean Banks to Extend Loan Payment Deferment Programme
17/02/2021
Following talks with FSC Chairman Eun Sung-soo, five major banking groups agreed to extend the loan deferment programme until September.
Clearing & Post-Trade
RBI Allows Banks to Post Margin Onshore for Offshore Clients
17/02/2021
AD Cat-I Banks may post and collect margin in India for a permitted derivative contract entered into with a person resident outside India.
Conduct, Culture & Accountability
ASIC Seeks Penalties from CBA for Overcharged Interest
17/02/2021
Due to a systems error, CBA charged more than 1,510 customers a higher interest rate than they were advised, amounting to A$2.2 million in overcharged interest.
Conduct, Culture & Accountability
Australia: Licencing Regime for Debt Management Firms Wins Support
17/02/2021
The ABA suggests that ASIC be charged with supervising fee structures of debt management firms to further protect consumers, among other recommendations.
Conduct, Culture & Accountability
ASIC Issues Update on Advice Compensation Paid by Banks
16/02/2021
Australia’s largest financial institutions have paid over A$1.24 billion to compensate customers for fees-for-no-service misconduct and non-compliant advice.
KYC & CDD
Bangladesh Launches Online Account Opening for Stock Investors
16/02/2021
The new system will reduce the time it takes for investors to open an account and minimise the number of accounts opened using fake information, BSEC said.
Resolution & Recovery
RBI Establishes Expert Committee to Enhance UCB Resilience
16/02/2021
The committee will take stock of existing regulatory measures and their impacts and recommend other suitable measures to strengthen the sector.
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