Articles by Editors, Regulation Asia
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35EnforcementTaiwan Regulator Censures 54 Managers at State Owned Banks
April 12, 2018Taiwan FSC censured and demoted 54 managers at seven state banks for their involvement in a $679mn syndicated loan-fraud scandal.
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46InternationalCPMI-IOSCO Publish Multi CCP Stress Testing Framework
April 12, 2018Framework supports stress tests examining potential macro-level impact of common stress event affecting multiple CCPs to gauge interdependencies between markets, CCPs and...
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37AML / KYCS.Korea Probes Banks’ Cryptocurrency AML Polices
April 12, 2018Financial Services Commission to conduct on-site expectations of three banks with cryptocurrency account relationships.
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31AML / KYCChina Tightens ID Card Verification at Banks
April 12, 2018Participating banks are now obliged to report to the police attempts to use ID cards that are fake or belonging to another...
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41ChinaAlipay Fined for Customer Rights, Data Protection Failures
April 12, 2018The company did not ensure customers had sufficient product information, failed to comply with rules on customer data, included misleading information in...
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50Capital RegulationSingapore Issues TLAC Consultation
April 12, 2018Monetary Authority aims to bring Singapore in line with Basel III capital treatment of capital holdings from January next year.
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26AML / KYCUS Resident Pleads Guilty to Singapore Money Laundering
April 11, 2018American convinced victim to make $600,000 investment with promise of 30% return, but instead transferred to Singapore account.
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46Hong KongSFC Identifies Best Practices for Alternative Liquidity Pools
April 10, 2018ALP operator guidelines should include third-party order routing and information about prioritisation for orders simultaneously posted to exchanges; all ALP users should...
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64Asia-PacificPhilippine Bank Profits Insufficient to Support Asset Growth – Moody’s
April 9, 2018Moody's says loan growth outpaces capital growth at Philippine banks as strong macroeconomic conditions increase credit demand; banks require external capital raising...
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48Asia-PacificIndonesia to Boost Bank Lending Through “Flexible” Credit, Liquidity Rules
April 9, 2018New rules reduce reserve requirements, simplify foreign currency deposit rules and allow banks to use their liquidity buffers to raise funding in...
