Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Market Infrastructure
CPMI Seeks Feedback on Governance of FPS Interlinking Arrangements
18/10/2023
The interlinking of fast payment systems is “one of the most promising solutions” for enhancing cross-border payments, CPMI says.
Enforcement
Former Bank of China Chairman Arrested on Corruption Charges
18/10/2023
Former Bank of China chairman Liu Liange is one of the highest-ranking bankers to become entangled in China’s anti-corruption campaign.
Russia’s Sberbank Secures FPI Registration in India
18/10/2023
State-owned Sberbank is the first Russian bank to secure Category I FPI registration in India. VTB is also seeking the licence.
Crypto / Digital Assets
California Governor Approves Digital Financial Assets Law
18/10/2023
The law grants California’s DFPI the authority to develop a regulatory framework for crypto activities in the state.
Crypto / Digital Assets
BCBS Consults on Bank Disclosure Requirements for Crypto Exposures
17/10/2023
Major banks would have to disclose information on their crypto activities, crypto exposures, and related accounting classifications and capital and liquidity requirements.
Capital / Liquidity
PBOC Directs State Banks to Extend More Credit to LGFVs
17/10/2023
State-owned banks are instructed to roll-over loans to local governments at reduced interest rates and to issue new loans to LGFVs so they can repay maturing debt.
AML / KYC
LEI Now Being Used in Digital Email Certificates
17/10/2023
GLEIF and Shanghai-based TrustAsia collaborated to issue the first S/MIME Certificate with an embedded LEI.
Securities / Derivatives
US SEC Publishes 2024 Examination Priorities Report
17/10/2023
Focus areas will include crypto-related securities, automated investment tools, artificial intelligence, trading algorithms, and investment adviser conduct.
Market Infrastructure
China Formally Shifts Some PBOC Responsibilities to NFRA
17/10/2023
The PBOC will no longer be responsible for financial consumer protection and supervision of financial holding companies.
Fintech / Regtech
US, Singapore to Deepen Collaboration on Responsible AI Innovation
17/10/2023
The US and Singapore completed a joint mapping exercise to make their AI governance frameworks interoperable.
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