1、Asia Pacific Financial Services Regulatory Updates April 2020 Q1 2020 Introduction Australia China mainland Hong Kong SAR India Indonesia Japan Malaysia Singapore South Korea Taiwan Contact New Zealand Asia Pacific Financial Regulatory Update Q4 20192 2020. For information, contact Deloitte Advisory
2、 (Hong Kong) Limited Introduction Dear clients and colleagues, The Deloitte Asia Pacific Centre for Regulatory Strategy is pleased to share with you the key regulatory updates from around our region from Q1 2020. The most impactful event this past quarter has of course been the spread of COVID-19 an
3、d the fall-out from the now global pandemic. It is therefore very natural that there has been a significant break between business as usual regulatory activities pre-COVID and post- COVID. This is particularly relevant for our own region, given that the impacts from COVID-19 were felt first here bef
4、ore spilling over to the rest of the world. You are able to see this abrupt break in each of the jurisdictions while there are still some business as usual updates, the majority of regulatory activity this quarter is tied to COVID-19. In light of this, both regulators and financial institutions have
5、 been making tough decisions about how to prioritise limited time in a volatile market. In the coming months financial institutions will need to focus on: Capital and liquidity stresses Operational resilience Risk and controls Supporting society through the economic disruption Many planned initiativ
6、es and deadlines both locally and globally have also been deferred. For example, the Bank of International Settlements has announced a delay which pushes back Basel III implementation deadlines to 2023. Other programmes are still very much on-track, but with an eye to how the situation will develop.