Editors
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Articles by Editors
AML / KYC
UK Sanctions More Russians, Restricts More Belarusian Trade
06/07/2022
Last week, the UK Parliament’s Foreign Affairs Committee published a report calling on the government to “act now” to tackle the flow of illicit finance through London.
Capital / Liquidity
MAS Issues Guidelines on Islamic Banking in Singapore
06/07/2022
The main risk which is unique to Islamic banks is Shariah compliance risk – where noncompliance with Shariah rulings carries “significant reputational risk”.
Enforcement
Korea FSS Expands Banking Industry Probe into FX Trading
06/07/2022
The probe was prompted by abnormal trading activity at Woori and Shinhan Bank. Other banks have been asked to conduct internal inspections.
Securities / Derivatives
UK to Codify Tax Exemptions for Sovereign Investors into Law
05/07/2022
The proposals seek to ensure the tax exemptions provided to sovereign investors are more targeted towards investment rather than trading income.
Fintech / Regtech
AUSTRAC Issues Update on Reporting System Enhancements
05/07/2022
AUSTRAC has commenced development of a new CRM platform which will enable it develop enhanced self-service capabilities in AUSTRAC Online.
Market Infrastructure
ASX Responds on Tranche 3 Rule Changes for CHESS Replacement
05/07/2022
The rule amendments will be subject to regulatory approvals. ASX proposes to lodge the combined rules package with ASIC in Q4 of calendar year 2022.
Fintech / Regtech
MAS Assesses Fairness of FIs’ Use of AI/Machine Learning
05/07/2022
MAS conducted a thematic review on selected FIs’ implementation of Fairness Principles in their use of AI/machine learning.
Crypto / Digital Assets
MAS Mulls New Restrictions on Retail Investment in Crypto
05/07/2022
New measures may include placing limits on retail participation, and introducing new rules on the use of leverage in crypto transactions.
Capital / Liquidity
Korea Regulators Announce Measures to Ease Market Volatility
05/07/2022
Securities firms will be exempt from a requirement to hold collateral worth at least 140 percent of the value of each stock purchase to provide credit to customers.
AML / KYC
BSP Reiterates Calls for FIs to Enhance Anti-Fraud Measures
05/07/2022
The BSP has vowed to intensify monitoring and surveillance of the financial industry to ensure they “remain responsive to emerging risks”.
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