Posts By Editors, Regulation Asia
-
448Australia & NZAPRA Fines Westpac A$1.5mn for Late EFS Reporting
Westpac and two of its subsidiaries were late in filing monthly and quarterly reports for APRA’s Economic and Financial Statistics programme.
-
487AML / KYCUN Report: North Korea Still Accessing International Financial System
The report says North Korea has amassed $2bn from cyberattacks on banks and crypto exchanges, and that it has about 30 overseas representatives helping it evade sanctions.
-
240AML / KYCKorea’s FIU Seeks Direct Supervision Over Crypto Exchanges
Currently, the Financial Intelligence Unit only indirectly regulates cryptocurrency exchanges in Korea through the administrative guidance it issues for banks.
-
377ChinaSHCH Issues Draft Guidance on Clearing Member Default Management
In the event of a default, Shanghai Clearing House can initiate rapid disposal of non-cash collateral, demand the disposal of a clearing member’s other assets, or perform a forced liquidation, among other measures.
-
296Asia-PacificPhilippine SEC Proposes New Requirements for Online Lending Platforms
The SEC proposes new disclosure and reporting requirements for operators of online lending platforms, in response to inquiries from the public about their registration and legitimacy.
-
362ChinaChina Allows Banks to Trade Bonds Via Stock Exchanges
Currently, Chinese banks mostly trade bonds only in the interbank market. The move will increase their allowed scope for bond investments and improve the real economy’s access to financing.
-
252ChinaCSRC Imposes $56mn Penalty on Individual for Insider Trading
The individual learned of a gaming company’s acquisition plans months in advance and used 14 stock accounts set up by acquaintances to profit from the information.
-
222Australia & NZASIC Proposes Regulatory Guide on Whistleblower Policies
Companies have to implement a whistleblower policy by January 2020. ASIC’s guidance explains how they should be established, implemented and maintained.
-
384Fintech / RegtechMAS Launches Faster Option Sandbox Testing
Sandbox Express entails an approval process of just 21 days before firms can start testing innovative financial products and services in a pre-determined environment.
-
165Australia & NZASX Finalises Updated Guidance for Clearing, Settlement Participants
ASX has finalised its updated guidance for clearing and settlement participants on their business continuity, disaster recovery and cyber resilience arrangements.
