Patricia Lee

Patricia Lee is a South-East Asia editor at Thomson Reuters Regulatory Intelligence in Singapore. She also has responsibility for covering wider G20 regulatory policy initiatives as they affect Asia.

This is a report on the decision in BPE Solicitors and another v Hughes-Holland [2017] UKSC 21. In a decision sure to be welcome amongst legal professionals, the Supreme Court of the United Kingdom…
May 2017
Asia's private banking sector is one main area where the Markets in Financial Instruments Directive ("MiFID II") will see the biggest impact, said consultants.  MiFID II is a EU legislation which…
May 2017
The launch of the manager-in-charge ("MIC") regime in Hong Kong in two weeks has sparked concerns about whether other Asian jurisdictions will introduce similar rules. The MIC regime further…
April 2017
Asian banks are far from ready for implementation of the International Financial Reporting Standard 9 ("IFRS9") unless local banking regulators are able to ascertain how impairment will be treated…
March 2017
The final version of the standardised measurement approach ("SMA") for calculating operational risk capital, expected to be released next month by the Basel Committee on Banking Supervision, may not…
February 2017
A recent leaked Basel Committee on Banking Supervision document on the proposed capital floor rules for calculating risk-weighted assets using internal risk-based ("IRB") models shows regulators are…
January 2017
Over-the-counter derivatives markets in Asia will see a number of significant rule implementations this year as the scope of mandatory clearing and reporting continues to expand. Geopolitical…
January 2017
The proposed US person definitions under the Commodity Futures Trading Commission's ("CFTC") cross-border swap rules are expected to pose a high level of compliance burden to market participants in…
December 2016
Standard-setting bodies are urged to include product suitability standards for derivatives clearing in the Principles for Financial Market Infrastructures ("PFMIs") as the market enters the post-…
November 2016
The alignment of interests between central counterparty clearing houses and market participants, the suitability of recovery tools and determining when a resolution authority should step in are the…
November 2016
The new requirement to post variation margin for non-centrally cleared derivatives is expected to present significant challenges to financial institutions, particularly the sell side, which may lack…
November 2016
The introduction of International Financial Reporting Standard 9 ("IFRS9"), which requires banks to make credit loss provisioning, is expected to reduce banks' capital ratios significantly, as well…
October 2016
The Basel Committee on Banking Supervision's ("BCBS") newly-proposed methodology for calculating risk-weighted assets for credit, market and operational risks will increase banks' overall capital…
October 2016
Conduct issues will continue to remain high on the agenda of Asia's regulators, following a few high profile events that have unfolded in the financial markets in Singapore and Hong Kong, consultants…
September 2016
The Committee on Payments and Market Infrastructures and the International Organisation of Securities Commission are advancing efforts to develop a global standard that would allow regulators to…
September 2016
Developments in the global financial services sector are increasingly starting to impact non-financial sector corporates, as regulatory authorities now expect them to have effective compliance…
August 2016
The Financial Stability Board's recent proposals on resolution of central counterparty clearing houses ("CCPs") demonstrate that they will not be too-big-to-fail, and that if they do fail, viable…
August 2016
The UK could run a two-tier regulatory regime for alternative fund managers once it leaves the European Union. The UK would seek to apply the Alternative Investment Fund Managers Directive only to…
August 2016
A number of financial institutions have started to move assets off their balance sheet using different accounting treatments in an attempt to reduce their leverage and avoid high capital charges,…
May 2016
The high-profile Panama Papers leak is expected to put pressure on financial institutions as they will be increasingly required to ask pertinent questions particularly in ascertaining ultimate…
April 2016