Asia-PacificRSS

HKMA tells authorised institutions to prepare for alternative rates

The Hong Kong Monetary Authority (HKMA) wrote a letter on March 5 to authorised institutions (AIs) urging them to prepare for alternative reference rates to replace the Hong Kong interbank offered rate (Hibor).

China further liberalises its capital markets to foreign investors

China’s regulators are taking further steps to make it easier for foreign investors to participate in its domestic capital markets

PBoC sets up macro-prudential bureau to curb systemic risks

China’s central bank has established a new macro-prudential management bureau with a view to improving the detection and management of systemic risks in the financial system

Andrew Schmulow

Australian royal commission turns out to be less radical than banks feared

A slew of banking scandals in Australia has seen the authorities conclude that it was less the law that was at fault and more a case of it not being applied vigorously enough by regulators. The subsequent recommendations aim to address the deficit in application

Lisa Andersson

Are onsite regulators the best way to drive behavioural change within banks?

There is a great deal of debate about how to facilitate behavioural change within banks. One way could be to have regulators on site, as ASIC is planning to do in Australia following a spate of banking scandals. But is it the right approach? By Lisa Andersson, head of research at Aktis.

PBoC cuts bank reserve ratio by 1%

PBoC cuts reserve requirements by 1% for banks to help sustain domestic economy and to ensure sufficient liquidity for the Chinese New Year celebrations.

Alipay

Hong Kong’s virtual banking licence could draw in China’s tech giants

The Hong Kong Monetary Authority's new virtual banking licence could prove to be a significant stimulant to competition in its banking market – but there are concerns that some regulatory demands are too steep. Dan Barnes reports.

APRA reconsidering regulatory approach following Royal Commission’s findings

Following findings from Australia’s Financial Services Royal Commission, APRA is likely to review its regulatory approach and focus much more on conduct issues

SFC makes it easier for public whistleblowers to report misconduct

Hong Kong public encouraged by the SFC to report on suspected cases of market abuse as the regulator seeks to further curb activities such as insider trading and share price manipulation

S&P warns over default risks associated with China local government debt vehicles

Credit rating agencies have been warning over risks associated with local government debt vehicles in China, which could trigger a wave of company defaults should they run into trouble