1、Asia Pacific Financial Regulatory Update December 2020 Q4 2020 Australia China mainland Hong Kong SAR Indonesia Japan Malaysia Singapore South Korea Taiwan Contact New Zealand Introduction Asia Pacific Financial Regulatory Update Q3 20202 2020. For information, contact Deloitte Advisory (Hong Kong)
2、Limited Summary 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 for Q4 2020. COVID-19 is now entering a second or third wave around the region, with several geographies s
3、eeing daily infection cases figures spiking along with lockdowns and restriction on economic and social activities. China mainland and Taiwan are perhaps the exceptions to this pattern and are now seeing robust economic recovery and social activity returning to (a new) normal. Despite this, financia
4、l systems in Asia Pacific are generally operating smoothly thanks to the assistance from the temporary relaxation of financial regulations. The first wave of more tactical measures to ensure financial stability has been fully implemented; regulatory and monetary support is continuing, with some adju
5、stment at the margins and representing a significant number of the updates this quarter. However, this does not imply that these measures will continue indefinitely; eventually they will be rolled back. China mainland is perhaps the best example of how regulators may attempt this. The Peoples Bank o
6、f China (PBOC) noted in their Q3 2020 Monetary Policy Report (published in Nov. 2020) that the Bank would “improve the systems of financial risk prevention, early warnings, resolution and accountability”, and also look to support banks “to step up efforts to set aside loss provisions for non- perfor