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
Cloud & Infrastructure
MAS Unveils Support Package to Bolster Financial Sector Capabilities
08/04/2020
The package includes training allowances, IBF course subsidies, salary support, digital acceleration grants, and free access to API Exchange.
Anti-Money Laundering
HSBC Reports Possible AML Breaches at Australian Subsidiary
08/04/2020
Where appropriate, provisions have been made against possible penalties for underreporting of cross-border transactions and other investigations, reviews and inquiries that may involve the bank.
Capital Adequacy
HKMA Reduces AIs’ Regulatory Reserve Requirement
08/04/2020
The regulatory reserve release should be used to support customers impacted by Covid-19, and not to distribute dividends, buy back shares or pay bonuses.
Structural Regulation
SGX RegCo Suspends Issuer Watch List, Raises Share Issue Limits
08/04/2020
The measures will help SGX issuers to focus on meeting current business and economic challenges and accelerate fund-raising efforts to address liquidity issues.
Liquidity Risk
BSP Offers Banks Mark-to-Market Relief, Cuts Liquidity Requirements
08/04/2020
The accounting relief allows banks to effectively reverse unrealised losses resulting from a change in fair value. The MLR cut frees up almost $200mn for smaller lenders.
Fraud, Scams & Cybercrime
Australia: 10yr Jail Term Imposed for Superannuation Misappropriation
08/04/2020
The director of a group of companies used A$1.2mn from self-managed superannuation funds intended for property investments to “fund a lavish lifestyle”.
Structural Regulation
APRA Suspends Issuance of New Licenses
08/04/2020
Given the challenges new entrants face even under normal economic conditions, APRA does not consider it prudent to license new entities for at least the next six months.
Clearing & Post-Trade
Hong Kong to Implement Paperless Securities Market from 2022
08/04/2020
Submissions to a January 2019 consultation indicate strong support for the implementation of an uncertificated securities market in Hong Kong.
Liquidity Risk
BOT to Stabilise Corporate Bond Market, Ramp Up SME Support
08/04/2020
Among the new measures announced are six-month loan payment holidays and new low-cost loans for SMEs, and the establishment of a corporate bond stabilisation fund.
Anti-Money Laundering
Malaysia: BNM to Implement New Currency Law
08/04/2020
BNM will continue to consult on an economy-wide cash transaction limit, which it will be able to implement under the Currency Act 2020.
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