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
Fraud, Scams & Cybercrime
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”.
Anti-Money Laundering
US Bill Set to Bring Gatekeepers into Scope of AML Rules
05/07/2022
The Enablers Act would require financial advisers, lawyers, art and antiquities traders to perform due diligence on their clients and file SARs.
Stablecoins
ANZ Completes First Stablecoin Transaction Involving Carbon Credit
05/07/2022
ANZ client Victor Smorgon Group successfully purchased tokenised Australian carbon credits from Zerocap using A$DC as a medium of exchange.
Structural Regulation
UK FCA Consults on Remaining LIBOR Transition Steps
04/07/2022
The FCA is seeking views until 24 August on winding down synthetic sterling LIBOR and US dollar LIBOR.
Anti-Money Laundering
Bangladesh Grants Amnesty for Repatriation of Offshore Assets
04/07/2022
The government will provide amnesty for those that choose to repatriate their offshore assets to Bangladesh and pay a 7% tax.
Credit Risk
HKMA Explores Use of Deep Learning for Credit Risk Assessment
04/07/2022
A trained model was able to consistently detect corporate credit deterioration at both the transaction level and aggregate level with a three-month lead time.
Payments & Settlements
Australia Commences Roll-out of New Payments Service PayTo
04/07/2022
PayTo checks upfront for adequate funds in the paying customer’s account at payment initiation, reducing rejected payments and manual exception handling.
Alternative Markets
Malaysia SC Expands Tax Incentives Available to VC Firms
04/07/2022
VCCs can claim exemptions from tax on all income other than interest income from savings or fixed deposits and profits from Shariah-based deposits – for a period of up to five years.
Cryptocurrency
Binance to Help Cambodia Develop Crypto Regulatory Framework
04/07/2022
Binance signed an MoU with Cambodia’s securities regulator to support the development of a legal framework for regulating digital asset businesses.
Sustainable Finance
China Approves Launch of First Carbon Neutral ETFs
04/07/2022
Shanghai Environment Energy Exchange approved 8 carbon neutral ETFs, and NAFMII recently launched China’s first batch of interbank transition bonds.
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