Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Japan FSA Directs Banks to Further Improve Internal Audit Function
29/10/2023
The sophistication of internal audits differs across banks, largely due to the degree of involvement by management, the FSA says.
ESG / Sustainability
China Issues Rules for Relaunch of Voluntary Carbon Market
29/10/2023
The relaunch of the CCER scheme will provide a voluntary mechanism for participants in the national carbon market to offset emissions.
ESG / Sustainability
Global CEOs Calls for More Government Action on Climate
28/10/2023
The Alliance of CEO Climate Leaders calls for streamlined regulatory processes and globally harmonised climate disclosure and measuring standards.
US Regulator to Lower Fees on Debit Card Transactions
28/10/2023
The Fed proposed to lower the cap on fees banks can charge merchants for processing debit card transactions.
Securities / Derivatives
Country Garden Declared in Default on Offshore Bonds
28/10/2023
Country Garden is expected to move towards a restructuring that is expected to have a worse impact than Evergrande’s 2021 failure.
China Unveils Plans to Tackle Local Govt Debt Risks
27/10/2023
China will issue CNY 1 trillion of government bonds and allow local governments to front load part of their 2024 bond quotas.
AML / KYC
Taiwan FSC Issues New Digital Identity Verification Guidelines
27/10/2023
The guidelines will make it easier for financial institutions to implement new identity verification mechanisms and scenarios.
AML / KYC
BAFT Updates Guidelines on Correspondent Banking Relationships
27/10/2023
The guidelines include new sections on ISO 20022 migration and special considerations for money services businesses and fintechs.
Capital / Liquidity
China Finalises New Capital Management Rules for Banks
27/10/2023
The new rules revise how risk weights are measured, enhance supervision of the banking sector and improve information disclosure requirements.
AML / KYC
Penalties for Non-Enrolment with AUSTRAC to Start on 9 Nov
26/10/2023
Businesses that provide designated services without enrolling with AUSTRAC will accrue daily penalties starting from 9 November.
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