Region: Asia-Pacific

APRA changes capital requirements, favours small banks

Australia’s new bank capital framework has introduced a two-tier system with simplified requirements for small banks – but while the regulator says it won’t be asking big banks to raise more capital, Macquarie says it nevertheless anticipates a A$2.2 billion hit to its capital surplus.

01 December 2021

Australia’s rule-free climate risk guidelines fall short, critics say

Australia’s newly-released guidance on managing climate change risks doesn’t go far enough, environmental groups have said, criticising the lack of prescribed rules.

29 November 2021

Mizuho CEOs resign after regulatory interventions

The CEOs of Mizuho and its parent group are set to resign, after Japan’s Financial Services Agency and finance ministry took administrative action against the bank for repeated operational failures and breaches of foreign exchange regulations.

29 November 2021

COP26 Finance Day: regulation round-up

Regulators and central banks have issued more climate-related commitments to coincide with COP26’s finance day, including preparations from the United Kingdom for becoming the world’s first “net-zero aligned finance centre” and the IFRS announcing plans for a single standard for sustainability disclosures.

04 November 2021

Singapore’s MAS grants first crypto licences

Singapore’s regulator has granted crypto licences - among the first in the country - to south-east Asia’s largest bank and an Australian digital asset exchange, as Binance confirms it will halt most of its Singaporean operations.

04 October 2021

China’s central bank bans crypto - again

The People’s Bank of China has banned cryptocurrency mining and transactions nationwide, in its third move to stamp out the virtual currencies this year.

27 September 2021

Mizuho to get direct oversight after string of IT failures

Japan’s Financial Services Agency has assumed unprecedented direct oversight of Mizuho’s US$4.12 billion IT system, following a series of technical failures over the course of the year.

23 September 2021

EBA gets international pushback on third country equivalence

Banking associations from Japan, the United States and Switzerland have criticised post-Brexit proposals by the European Banking Authority to centralise equivalence assessments for non-EU banks’ local branches within the bloc.

22 September 2021

Binance’s regulatory woes continue with Singapore warning

Binance, one of the world’s largest cryptocurrency exchanges, has withdrawn certain services in Singapore, whose monetary authority has become the latest financial regulator to warn it about operating without a licence.

08 September 2021

Singapore goes SPAC to basics

The Singapore Exchange is rolling out easier guidelines for special purpose acquisition companies, making it the first major bourse in Asia to list blank cheque companies.

06 September 2021

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