
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Structural Regulation
Philippine Lawmakers Advance Bill to Establish Sovereign Fund
18/12/2022
Critics say the bill’s timing is poor due to the country’s lack of surplus funds, high national debt, large trade deficit, and other economic problems.
Fraud, Scams & Cybercrime
HKMA Asks StanChart to Investigate Unauthorised Card Transactions
18/12/2022
Standard Chartered has said there is no evidence of a data leak, that it would arrange refunds, and that it has strengthened its monitoring systems in response.
Trading & Investment
RBI Lifts Restrictions on Offshore Rupee Trades by Banks
17/12/2022
Informal restrictions on rupee NDF trades in the offshore market were imposed in October to help defend a falling rupee.
Stablecoins
BOK Seeks Legal Authority to Regulate Stablecoins
17/12/2022
BOK says stablecoins pegged to foreign currencies should be subject to foreign exchange laws, while those pegged to the Korean won should fall under the central bank’s regulatory remit.
Structural Regulation
PBOC Issues Draft Regulations for Financial Infrastructures
17/12/2022
The regulations cover registration and custody systems, clearing and settlement, trading facilities, transaction reporting databases, important payment systems, and credit reporting systems.
CBDCs
Ant Group Embeds e-CNY Processing in Alipay Digital Wallet
17/12/2022
The integration of third party payments platforms is expected to boost e-CNY adoption while preventing the displacement of existing players in China’s payments sector.
Structural Regulation
Hong Kong Names Julia Leung as New SFC Chief
16/12/2022
Julia Leung will become CEO of the SFC on 1 January following Ashley Alder’s departure to become the UK FCA’s new chair.
Fraud, Scams & Cybercrime
Malaysian Banks to Finish Implementing Anti-Scam Measures by June 2023
16/12/2022
More than 80 percent of banks have already implemented a 24/7 dedicated complaint hotline for customers to report incidents or suspicions of fraud.
Market Risk
China Asks Banks to Absorb Selling Pressure in Bond Markets
16/12/2022
Banks are asked to absorb selling pressure caused by retail investors withdrawing funds from wealth management products and bond funds.
Credit Risk
Stress Eases in Chinese Offshore Debt Market – Reports
15/12/2022
Chinese offshore dollar bonds have ended 14 months of losses. China’s banks have vowed to extend at least USD 179 billion of financing help to developers.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.