Posts By Editors, Regulation Asia
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78Bangladesh Bank Sets Minimum Salary Standards for Banks
Editors, Regulation Asia January 29, 2022The new standards come into effect on 1 March. Banks will not be allowed to make salary increases dependent on deposit targets.
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113SFC Fines Citigroup Asia Unit for Client Facilitation Misconduct
Editors, Regulation Asia January 29, 2022Deceptive practices were deployed at the expense of clients’ best interest and to the detriment of market integrity, said SFC chief Ashley Alder.
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269US Court Acquits Deutsche Traders in LIBOR Rigging Case
Editors, Regulation Asia January 28, 2022Former Deutsche Bank traders Matthew Connolly and Gavin Black were convicted in October 2018. Both have now been acquitted.
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305Five More HK Banks Approved to Launch WMC Services
Editors, Regulation Asia January 28, 2022Chiyu Banking Corporation, Chong Hing Bank, Fubon Bank, Shanghai Commercial Bank, and China Everbright Bank can launch WMC services.
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304OJK Indonesia Bars FIs From Facilitating Crypto Trading
Editors, Regulation Asia January 28, 2022OJK warns of market fluctuations and other risks, including the existence of crypto investment Ponzi schemes.
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288Taiwan FSC Identifies Crypto ATMs Breaching AML Rules
Editors, Regulation Asia January 28, 2022The FSC will ask the ATM providers to work on their AML compliance or face a fine of TWD 500,000 or more.
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151BSP Implementing “RING” Approach to Protect Financial System
Editors, Regulation Asia January 28, 2022"RING" stands for Risk management guidelines, Integrity, New technologies, and Governance standards, said BSP governor Benjamin Diokno
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298Malaysia, Indonesia Launch Cross-border QR Payments Linkage
Editors, Regulation Asia January 28, 2022The linkage will eventually be expanded to support real-time cross-border fund transfers. The 2nd phase of Malaysia's QR payment linkage with Thailand has also gone live.
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324HK ICAC Charges Three Ex-StanChart Employees For Fraud
Editors, Regulation Asia January 27, 2022The former relationship managers were among five individuals indicted for conspiring to deceive Japanese investors with false documents.
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459Bank of Korea to Advance CBDC Testing to Second Phase
Editors, Regulation Asia January 27, 2022In phase two, BOK will test offline payments, remittances to accounts outside Korea, and the use of its CBDC as payment for NFTs.
