Structural Regulation

Japanese Tax System Derailing Tokyo Hub Ambitions: Report

16/06/2022

The plan to reform the tax system to attract hedge funds to Tokyo has resulted in “preferential treatment no one would use.”

Cybersecurity

ASIC Calls on Listed Companies to Bolster Cyber Resilience

16/06/2022

Companies should review their cyber resilience settings and ensure detection, mitigation and response measures are adequate, says Greg Yanco.

Anti-Money Laundering

IMF Calls on Philippines to Enhance AML Supervision

14/06/2022

Limited actions to amend bank secrecy laws present risks to the Philippines. Casinos, the gaming industry, and crypto exchanges are flagged as risky.

Cryptocurrency

ADDX to Recognise Crypto Assets for Investor Onboarding

14/06/2022

ADDX will begin recognising bitcoin and ether using a 50 percent haircut and stablecoin USDC using a 10 percent haircut.

Market Abuse

SFC Proposes SFO Revisions to Improve Enforcement Tools

13/06/2022

The amendments relate to SFO provisions on remedial orders, insider dealing, and advertising of investment products.

Capital Adequacy

CCyB Policy Was Effective in Mitigating Pandemic Shock: HKMA

08/06/2022

The HKMA finds that the CCyB release was effective in supporting bank lending, thus achieving its policy objective as a countercyclical tool.

Cloud & Infrastructure

BNM Issues Draft Guidance on Managing Cloud Risks

05/06/2022

The guidance sets out expectations on the governance processes, design principles, and operational controls FIs should consider when adopting cloud services.

Structural Regulation

HKMA to Consult on BNPL Protections in ‘Coming Months’

04/06/2022

Hong Kong official Christopher Hui says regulations for banks and money lenders on providing unsecured credit already cover BNPL services.

Capital Adequacy

RBNZ to End Bank Dividend Restrictions on 1 July

02/06/2022

The RBNZ expects banks to continue to be prudent in determining the appropriate size of dividends paid to their shareholders.