Posts By Editors, Regulation Asia
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297Global UPI Adoption a Key Focus for DSB in Year Ahead
Editors, Regulation Asia October 29, 2020The DSB has expanded its Technology Advisory Committee to reflect the geographic diversity that will underpin the global UPI implementation effort.
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646Cambodia Launches Central Bank Backed Digital Currency
Editors, Regulation Asia October 29, 2020The digital currency, known as Bakong, allows users to transfer money using a mobile app by scanning QR codes or inputting the recipient's phone number.
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524Malaysia’s Guidelines on Digital Assets Enter Into Force
Editors, Regulation Asia October 29, 2020The Securities Commission invites parties interested in registering as IEO platform operators or digital asset custodians to start submitting their applications.
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299PBOC Instructs Yuan Fixing Banks to Suspend Counter-cyclical Factor
Editors, Regulation Asia October 29, 2020The counter-cyclical factor is the adjustment contributing banks make to the daily trade-weighted reference rate that the PBOC has to date used dampen depreciation pressure.
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453CSRC Updates Rules to Protect Convertible Bond Investors
Editors, Regulation Asia October 28, 2020Trading venues will have to develop an investor suitability management system, and securities firms will have to conduct client suitability assessments.
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739DBS to Launch Digital Exchange, Subject to Regulatory Approvals
Editors, Regulation Asia October 28, 2020The exchange will offer trading services from fiat currencies to four of the top digital currencies in circulation, as well as capital raising through STOs.
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331APRA Updates Standard for Reporting Credit Exposures, Provisions
Editors, Regulation Asia October 28, 2020The draft ARS 220.0 is intended to align with the updated Prudential Standard APS 220 Credit Risk Management, which will come into effect from 1 January 2022.
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SC Malaysia Establishes Task Force to Combat Financial Scams
Editors, Regulation Asia October 28, 2020SC chairman Datuk Syed Zaid Albar SAID Malaysian nationals lost $220mn to financial scams in the first six months of this year.
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327MAS Seeks Removal of REIT Manager for SFA Breaches
Editors, Regulation Asia October 28, 2020Eagle Hospitality REIT Management breached the minimum base capital and financial resources requirements under the SFA three times in the span of about a year.
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508PBOC Issues Draft AML Rules for Beijing Real Estate Sector
Editors, Regulation Asia October 27, 2020The guidelines impose obligations on developers and intermediaries to strengthen AML supervision and management in real estate transactions.
