Editors, Regulation Asia

Posts By Editors, Regulation Asia

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  575

  AML / KYC

  HK Regulator, Police, Banks Set up Financial Crime Taskforce

  12-month pilot to work on ‘detection, prevention and disruption’; HKMA also joins Financial Security Expert Alliance with PBOC, Macau central bank.

• AML / KYC

  Indonesia Ends Banking Secrecy

  Tax authorities can now access accounts held by Indonesian citizens and foreigners.

• AML / KYC

  HK SFC Launches Broker Cybersecurity Consultation

  Cybercrime rapidly becoming a top priority of Asia Pacific regulators.

• Australia & NZ

  ESMA to Cooperate with New Zealand Regulators on CCPs

  MoU recognises New Zealand's CCPs as able to provide clearing to EU clearing members, trading venues.

• AML / KYC

  Australia Cracks Down on Interest-Only Loans

  ASIC and APRA separately announce measures against interest-only lending.

• AML / KYC

  IOSCO Enhances Cross-Border Enforcement Cooperation

  New powers enable members to share and obtain audit work, internet records and phone records.

• Australia & NZ

  Short-term Derivatives to Require FMA License

  Companies offering short-duration derivatives in NZ will require license from December 2017.

• Market Infrastructure

  Philippines to Establish Shared Clearing, Settlements System

  Banking industry commits to forming two automated clearing houses this year.

• China

  China Launches Online Payment Clearinghouse

  New clearing platform cuts direct link between third-party payment providers and banks.

• India

  SEBI to Introduce Common Registration for Equity, Commodity Brokers

  Move removes need to lock-up funds separately for stock and commodity broking entities for net worth and base minimum capital requirements.