Posts By Editors, Regulation Asia
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897China UnionPay to Halt Operations in Russia
Editors, Regulation Asia April 27, 2022UnionPay has reportedly halted negotiations with Russian banks on issuing new bank cards for their customers to avoid possible sanctions.
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708HKMA Launches Knowledge Hub to Promote RegTech Adoption
Editors, Regulation Asia April 27, 2022The Hub’s launch is accompanied by videos featuring regtech solutions from HSBC, Citibank, iFinHealth, Ping An OneConnect Bank and ASTRI.
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390HK to Implement Capital Standard for Banks’ Fund Exposures
Editors, Regulation Asia April 27, 2022The capital standard for banks’ equity investments in funds is expected to come into operation in Hong Kong on 1 July 2022.
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331Singapore: New Guidance Issued on Enhancing Insurer Service Quality
Editors, Regulation Asia April 27, 2022Singapore's Insurance Culture and Conduct Steering Committee published a third paper offering guidance on improving conduct and culture in the insurance ecosystem.
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339SFC Proposes Amendments to Position Limit Regime
Editors, Regulation Asia April 27, 2022The proposals will expand the list of futures and options contracts for which the SFC may prescribe position limits.
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293BSP Directs FIs to Implement Controls Against Cyber Fraud
Editors, Regulation Asia April 27, 2022The recommended control measures include the removal of clickable links in emails and SMS and customer notifications for fund transfers and contact information changes.
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476FSB Proposes Policy Measures to Address EM Vulnerabilities
Editors, Regulation Asia April 26, 2022The proposals seek to reduce vulnerabilities from foreign currency borrowing, including by exploring ways to reduce the "mechanistic use of credit ratings" by index providers.
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621AMLC Philippines Launches Review of Sanctions Screening Practices
Editors, Regulation Asia April 26, 2022The AMLC has partnered with AML Analytics as its testing and validation partner to conduct a thematic review of customer- and transaction-screening systems at FIs and DNFBPs.
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352PBOC Lowers Forex Reserve Requirement for Banks
Editors, Regulation Asia April 26, 2022The move is aimed at slowing the depreciation of the yuan, which has recently fallen to a one-year low against the dollar.
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580BIS, Bank Indonesia Invite Firms to Solve CBDC Challenges
Editors, Regulation Asia April 26, 2022Firms are invited to develop new solutions for issuing and distributing CBDCs, improve interoperability and advance financial inclusion.
