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
Liquidity Risk
UPDATED – MSME Loans Can Be Counted Towards Reserve Requirements: BSP
20/04/2020
Loans granted to MSMEs can be counted as part of banks’ compliance with reserve requirements. Detailed guidelines will be issued in due course.
Structural Regulation
Bursa Malaysia Raises Share Issue Limits, Extends Filing Deadlines
20/04/2020
Listed issuers are allowed to increase the general mandate threshold for new securities issues from the existing 10% to 20% of the total number of issued shares.
Capital Adequacy
S. Korea Eases Capital, Liquidity, Asset Quality Rules for FIs
20/04/2020
The FSC expects the regulatory relaxations will boost financial institutions’ capacity to provide up to 400 trillion won in additional financing to businesses.
CBDCs
PBOC Launches Digital Yuan Pilot Tests in Four Cities – Reports
20/04/2020
Four state-owned banks and three telecom companies, along with Tencent and Alipay, are all said to be involved in the development of the digital currency.
KYC & CDD
Wolfsberg Group Updates Correspondent Banking Due Diligence Questionnaire
20/04/2020
The changes are focused on improving the CBDDQ’s ease of use and readability. One question has been eliminated and some of the wording has been clarified.
Fraud, Scams & Cybercrime
Hong Kong: SME Director Gets 44 Months Jail for Loan Fraud
20/04/2020
The SME director was sentenced for conspiring to defraud five banks, the Trade and Industry Department, and the Hong Kong Mortgage Corporation.
Structural Regulation
CSRC Approves Credit Suisse Majority Control of Securities JV
20/04/2020
The approval allows Credit Suisse to raise its stake in a joint venture with Founder Securities from 33.3% to 51%, making it the latest foreign firm to gain majority control of a domestic brokerage in China.
KYC & CDD
India Moves to Prevent ‘Opportunistic Takeovers’ by Chinese Investors
19/04/2020
India has introduced a pre-approval requirement for all foreign investment from seven countries including China to curb “opportunistic takeovers or acquisitions” of Indian companies.
Anti-Money Laundering
S. Korea AML/CFT Framework Significantly Strengthened: FATF
19/04/2020
Korea demonstrates effective cooperation among local authorities, the private sector and foreign counterparts; and effective use and development of financial intelligence.
Credit Risk
APRA Announces Reporting Requirement for SME Guarantee Scheme
18/04/2020
Lenders approved to participate under the Scheme must complete the new returns on a weekly basis, with the first collection due on 1 May.
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