Posts By Editors, Regulation Asia
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605EnforcementHong Kong Forex Broker Fined for Mishandling Client Money
Editors, Regulation Asia August 23, 2018HPI Forex Limited transferred client money from segregated client account to two overseas brokers, breaching the Code of Conduct and the SFC’s client money rules.
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675Asia-PacificThailand Central Bank Digital Currency Prototype Slated for Q1 2019
Editors, Regulation Asia August 22, 2018Bank of Thailand will work with 8 participating banks to design, develop and test domestic wholesale funds transfers using a central bank digital currency.
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525ChinaChinese Police Arrest Hackers on Suspicion of $88mn Cryptocurrency Theft
Editors, Regulation Asia August 22, 2018Chinese police have arrested three individuals who allegedly hacked computers belonging to individuals and companies to steal 600 million yuan in bitcoin and ether.
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578Asia-PacificCambodia Launches Fintech Association
Editors, Regulation Asia August 21, 2018New body will connect Cambodia with overseas fintech associations and has already signed agreements with associations in Thailand, Singapore and Taiwan.
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478Asia-PacificThailand Green Lights Seven Crypto Operators
Editors, Regulation Asia August 21, 2018Crypto businesses were in May given 90 days to register with the SEC if they wished to carry on their business.
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408Asia-PacificMoody’s Upgrades 14 Vietnamese Banks Following Sovereign Ratings Upgrade
Editors, Regulation Asia August 20, 2018Three state-run banks were among those that received local and foreign currency ratings upgrades following a notch up in Vietnam's sovereign rating earlier this year.
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1.1KAML / KYCHKMA Reprimands, Fines Shanghai Commercial Bank for AML/CFT Failures
Editors, Regulation Asia August 20, 2018The bank was fined HK$5mn for ineffective procedures for continuous monitoring of business relationships and due diligence on pre-existing customers.
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907InternationalCPMI, IOSCO Consult on Governance of OTC Derivatives Data
Editors, Regulation Asia August 20, 2018New consultative document identifies key criteria, functions and bodies for the governance arrangements for critical OTC derivatives data elements data, other that UTI and UPI.
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492ChinaChina Seeks ‘Bad Bank’ AMCs’ Help to Resolve P2P Crisis
Editors, Regulation Asia August 20, 2018The government is asking the 4 state-owned asset managers set up in 1999 to repair bank balance sheets for help with custody, liquidation and restructuring of P2P assets.
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474Capital RegulationChina Banks Holding Bad Loans in Record Numbers
Editors, Regulation Asia August 16, 2018Loans classified as non-performing jumped to $284bn at banks, up 10% during the second quarter. Banking regulator says asset quality is "stable".
