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BSP Urged to Regulate Away ‘Exorbitant’ Bank Transfer Fees
By Editors | 15/08/2022
Lawmaker Joey Salceda is calling on the BSP to set a cap on transfer fees charged by banks for the use of interbank payment systems.
RBI Directs Lenders to Clean Up Debt Collection Practices
By Editors | 15/08/2022
Regulated entities must ensure they and their agents do not resort to intimidation or harassment of any kind against any person in their debt collection efforts.
Australia Commences Review of ASIC’s Industry Funding Model
By Editors | 15/08/2022
The review will be “forward looking” and focused on identifying refinements to the funding model to ensure its settings remain “appropriate”.
Capital / Liquidity
China Banking Association Offers Guidance on Accounting Standards
By Editors | 15/08/2022
The guidelines will help to standardise banks’ practices for valuing financial instruments and improve the comparability of reported financial indicators.
Securities / Derivatives
SEBI Issues Framework to Curb Inadvertent Insider Trading
By Editors | 15/08/2022
Company insiders would have their trading automatically restricted while they are in possession of unpublished price sensitive information.
Crypto / Digital Assets
Thailand to Improve Protections for Crypto Investors
By Editors | 15/08/2022
The regulatory changes are in part a response to a liquidity crisis at Zipmex, one of Thailand’s leading digital asset exchanges.
Capital / Liquidity
China Allows Insurance Companies to Issue Perpetual Bonds
By Editors | 15/08/2022
From 9 September, insurers can issue perpetual bonds to boost their capital levels, the PBOC and CBIRC said in a new notice.
ESG / Sustainability
Central Banks Urged to Lead on Green Collateral
By ESG Investor | 15/08/2022
A new paper says central banks should adopt an ‘environmental footprint’ approach to greening their collateral frameworks.
Securities / Derivatives
RBI Allows Standalone Primary Dealers to Expand Services
By Editors | 15/08/2022
Stand-alone primary dealers can offer FX market-making facilities and undertake foreign currency OIS transactions directly with non-residents.
Enforcement
Two JPM Traders Convicted on Spoofing Charges
By Editors | 15/08/2022
The two former traders were convicted of attempted price manipulation, spoofing, commodities fraud, and wire fraud following a three-week jury trial.
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