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
Clearing & Post-Trade
S. Korea Advances OTC Derivatives Reforms
02/07/2020
Cabinet-approved legislative revisions will introduce an OTC derivatives reporting requirement, a licensing system for trade repositories, and penalties for circumventing margin rules.
Anti-Money Laundering
Automatic Exchange Uncovers €10tr in Offshore Accounts in 2019
02/07/2020
The automatic exchange of information by tax authorities in nearly 100 countries uncovered data on 84 million accounts held offshore in 2019.
Supervision & Enforcement
APRA Heatmap Having Desired Effect on Super Fees
02/07/2020
APRA is putting more than a dozen MySuper trustees on notice that it is considering enforcement action against those that continue to underperform on fees.
Anti-Money Laundering
BCBS Updates AML Guidance to Advance Supervisory Cooperation
02/07/2020
Prudential and AML/CFT supervisors should establish an effective cooperation mechanism regardless of the institutional setting, the updated guidelines say.
Liquidity Risk
PBOC Cuts Funding Costs for Small Firms, Rural Sectors
02/07/2020
The PBOC has cut the rediscount rate for the first time in a decade, and the relending rate for the second time this year.
Credit Risk
Sri Lanka: CBSL to Absorb Credit Risk on Business Loans
02/07/2020
The CBSL will provide credit guarantees ranging from 80% for smaller loans to 50% for larger loans issued to businesses affected by Covid-19.
Conduct, Culture & Accountability
SocGen Australia Pleads Guilty to Client Money Offences
02/07/2020
SocGen failed to pay client money into segregated authorised bank accounts and made payments out of a client money account that were not permitted.
Trading & Investment
PBOC Finalises Rules on ‘Standardised Note’ Issuance
02/07/2020
Standardised notes will be considered money market instruments, backed by commercial paper which generates cash flows for distribution to investors.
Fraud, Scams & Cybercrime
FSC Korea Introduces Legislative Revisions on Predatory Lending
02/07/2020
The maximum annual interest rate will be limited to 6%, compared to 24% under the current law. Maximum penalties will also be raised.
Structural Regulation
India Standardises Stamp Duty on Securities Transactions Nationwide
02/07/2020
India has revised its framework for levying the stamp duty on securities transactions, in a bid to ensure uniformity across the country.
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