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Asia Pacific Financial Regulatory Update
Q3 2020
October, 2020
Introduction
Introduction
Dear clients and colleagues,
The Deloitte Asia Pacific Centre for Regulatory Strategy is pleased to share Financial Services Agency (JFSA) all released their Corporate Plan and Policy
Summary
with you the key regulatory updates from around our region for Q3 2020. Priorities for 2020-21 and beyond during Q3 2020. These policy priorities outline
actions they are taking to address the impact of the COVID-19 pandemic, as well
The first six months of 2020 have been extraordinarily challenging, and the as strategic priorities and activities to address longer term focus areas within Australia
impacts of the COVID-19 pandemic continue to be felt throughout the their regulatory environment. In Japan, Hong Kong Special Administrative
region. Our regulators and the industries they supervise have adjusted Region (SAR), and China mainland, there is continuing focus on LIBOR
rapidly to these changing events – balancing the need to focus on COVID-19 reform, following the UK Financial Conduct Authority’s confirmation that the end China mainland
response measures, and business as usual regulatory activities pre and post of 2021 remains the target date for discontinuation of LIBOR. Pleasingly, we
C
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