
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Structural Regulation
ASIC Directs Super Trustees to Improve DDO Compliance
30/08/2022
ASIC reviewed target market determinations for superannuation products and found noncompliance and poor practices by some trustees.
Resolution & Recovery
China: Two Liaoning Bank Enter into Bankruptcy Proceedings
30/08/2022
Liaoning authorities say that the two banks violated laws and regulations, disrupted local financial order, and brought about “serious risks”.
Cryptocurrency
Japan Considers Relaxation of Crypto Taxation Policies
30/08/2022
Authorities are considering a system under which crypto asset issuers would only be taxed when profits are generated, and not based on unrealised gains.
Cryptocurrency
BOK Calls for Reversal of ICO Ban in Korea
30/08/2022
BOK says the ban has resulted in domestic companies turning overseas to issue new crypto assets, which are then listed on Korean crypto exchanges.
Credit Risk
Financial Stability Institute Publishes Paper on LEX Standard
30/08/2022
The large exposures standard seeks to monitor and limit the loss an internationally active bank can face from a single client or a group of connected counterparties.
Fraud, Scams & Cybercrime
Philippine Banks, Telecom Partner to Combat Cybercrime, Fraud
30/08/2022
BAP member banks and Globe Telecom will share data and intelligence to help counter cybercrime and fraud threats.
Market Abuse
Korean Regulators Start Short-selling Inspections at Foreign Firms
30/08/2022
The FSS has launched an inspection of Morgan Stanley’s short-selling practices. Similar inspections at BAML and Goldman Sachs will come next.
Cryptocurrency
UnionBank Becomes First Philippine Bank to Enable Crypto Trading
30/08/2022
UnionBank has also been exploring other uses of blockchain technology, as it seeks to future-proof its business and expand its metaverse footprint.
Market Data & Technology
APRA Relaxes Phase 2 Timelines of Superannuation Data Project
29/08/2022
The overall consultation timeline for Phase 2 of the Superannuation Data Transformation project is being extended from 9 months to 14 months.
Structural Regulation
New Zealand FMA Sets Out Priorities in New Corporate Plan
29/08/2022
The FMA will prioritise work on three new legislative regimes: financial advice licensing, climate-related disclosures, and conduct licensing.
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