Editors
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. [email protected]
Articles by Editors
Capital Adequacy
FSC Korea Announces Decision to Set CCyB at 1 Percent
25/05/2023
The FSC said there was a need to enhance banks’ loss absorption capacity to prepare for macroeconomic uncertainties and increased risks in the financial sector.
Market Abuse
Global Banks Under Probe for Breaking UK Competition Law
25/05/2023
The CMA “provisionally” found that five global banks broke competition law in the aftermath of the global financial crisis.
Structural Regulation
HSBC Planning Exit from Up to a Dozen Markets – Report
25/05/2023
It is not yet known which jurisdictions HSBC is considering exiting, but they are understood to be relatively small markets that may have underperformed.
Anti-Bribery & Corruption
MAS Bars Insurance Agent for 8 Years After Corruption Conviction
24/05/2023
The former AIG and Liberty insurance agent paid bribes to an Indonesian Embassy official and one other individual.
Payments & Settlements
RBA Considers Banning ‘Default’ Route on Dual Network Cards
23/05/2023
The RBA had set an expectation that merchants would be offered least-cost routing by end-2022, but the industry did not meet this timeline.
Structural Regulation
Australia Confirms Plans to Regulate BNPL as Credit Products
23/05/2023
BNPL providers will be required to hold Australian Credit Licences and comply with Responsible Lending Obligations, among other requirements.
AI Risk & Governance
MAS Launches AI & Data Analytics Talent Development Programme
23/05/2023
MAS will work with the IBF, educational institutions and training providers to develop and co-curate training programmes to address a shortage of AIDA talent.
Trading & Investment
Singapore, Shanghai Exchanges Sign MoU to Link ETF Markets
23/05/2023
A similar MoU was signed between SGX and SZSE in December 2021 which has led to three cross-market ETF listings.
Clearing & Post-Trade
LCH SwapClear Completes USD LIBOR to SOFR Conversion
23/05/2023
In aggregate, LCH SwapClear has successfully converted approximately 600,000 USD LIBOR contracts with notional value of $45tr.
Sustainable Finance
Indonesia Becomes First Asian Sovereign to Sell Blue Bond
22/05/2023
Indonesia sold a JPY 104.8 billion blue bond with four-tranches, less than two years after establishing a framework to do so.
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