Editors
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. [email protected]
Articles by Editors
Structural Regulation
More Foreign Banks in UK May Have to Convert Branches to Subsidiaries
06/07/2023
The BOE is considering reducing the thresholds for requiring foreign banks to set up subsidiaries, as part of a review prompted by SVB’s collapse.
Trading & Investment
BSP Starts Publishing Temporary Replacement Rate for LIBOR
06/07/2023
The new reference rate is generated by translating the 28-day BSP bill rate to its overnight equivalent.
Cryptocurrency
Korea to Start Work on Second Phase of Crypto Legislation
06/07/2023
The next phase of legislation will introduce rules for the issuance and distribution of virtual assets, as well as a regulatory system for stablecoins.
Structural Regulation
Korea Announces Plans to Allow New Entrants to Banking Industry
06/07/2023
This will be the first time in thirty years that new nationwide banks can be established in Korea, the FSC said.
Structural Regulation
Australia Launches New Foreign Ownership Register
06/07/2023
Investors need to notify the new Register within 30 days after they acquire or dispose of an interest or there is a change of at least 5 percent in the interest.
Anti-Money Laundering
Upper House of UK Parliament Approves Economic Crime Bill
05/07/2023
The bill will boost corporate transparency, enable more effective seizure and recovery of crypto assets, and introduce new ‘failure to prevent’ offences.
Liquidity Risk
Korea Relaxes Banking Rules to Boost Venture Investments, Corporate Lending
05/07/2023
The limit on bank acquisitions of unlisted equity securities is raised and the loan-to-deposit ratio requirement applied to foreign bank branches is relaxed.
Reporting & Disclosures
Australia: New Report Calls into Question Credibility of Corporate Reporting
05/07/2023
The poor quality of disclosure suggests that directors are not taking their responsibility seriously, said Professor Peter Carey at Deakin University.
Alternative Markets
FSS Korea Publishes Revised Guidance on Private Equity Funds
05/07/2023
The guidance is intended to support the growth of the institutional private equity funds, following rule changes that were introduced in October 2021.
Cloud & Infrastructure
US to Restrict Chinese Access to Cloud Computing Services – Report
05/07/2023
Cloud providers like AWS and Microsoft Azure would have to seek government permission to serve Chinese firms that use such platforms to train AI models.
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