
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Conduct, Culture & Accountability
Australian Treasury Bans ‘Conflicted’ Commissions Paid on LICs
24/05/2020
Fund managers will be barred from paying fees to financial advisers and stockbrokers for selling listed investment companies and trusts.
Emerging Prudential Risks
Hong Kong: National Security Law Expected to Cause Capital Flight
24/05/2020
Bankers are reportedly receiving requests to activate plans to withdraw assets from Hong Kong in light of Beijing’s plan to impose national security legislation in Hong Kong.
Fraud, Scams & Cybercrime
CSRC Accuses Guangdong Fund Manager of Lying to Investors
24/05/2020
Guangdong-based Cornerstone Management reportedly lost 70% in two funds after promising a minimum 8% annual return.
Credit Risk
RBI Cuts Interest Rate Again, Extends Debt Moratorium
24/05/2020
The RBI has also increased the large exposures cap for banks from 25% to 30% and granted FPIs three more months to comply with requirements under the voluntary retention route.
Trading & Investment
SFC to Allow Leveraged, Inverse ETFs Tracking Mainland Indices
24/05/2020
The SFC is prepared to initially only accept ‘swap-based’ L&I products tracking Mainland equity indices, with a leverage factor up to 2x, or negative 1x for inverse products.
Liquidity Risk
BOJ Targets Small Businesses with New Lending Facility
24/05/2020
The 30tr yen facility will provide lending to businesses with interest-free funding, while paying a positive 0.1% interest on the amounts they lend to businesses.
Liquidity Risk
SEBI Allows Debt Funds to Increase Exposure to G-Secs
23/05/2020
The flexibility has been granted for three months to ensure adequate liquidity in corporate bond funds, banking & PSU debt funds, and credit risk funds.
Structural Regulation
Taiwan to Allow Local Firms to Open Domestic OBU Accounts
22/05/2020
The FSC and central bank have agreed to allow local companies to open OBU accounts at domestic banks to facilitate their access to foreign currency borrowing.
Emerging Prudential Risks
BOT Cuts Benchmark Interest Rate to Record Low 0.5%
22/05/2020
Thailand’s National Economic and Social Development Council expects economic performance this year to be the worst since the Asian financial crisis.
Credit Risk
S. Korea to Set Up SPV to Support Lower Grade Corporate Debt
22/05/2020
The SPV is a separate initiative from the bond market stabilisation fund, which focused on corporate bonds rated AA and higher.
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