
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Climate Risk
FSA Issues Guidance to Japanese FIs on Using NGFS Scenarios
19/04/2022
The guidance will help Japanese financial institutions use of the NGFS scenarios to conduct climate-related financial risk analysis, the FSA said.
Structural Regulation
Japan to Remove Quarterly Reporting Requirements
19/04/2022
Legislation will be introduced in 2023 to remove a requirement for listed companies to provide the government with audited quarterly financial statements.
Structural Regulation
China to Unify Domestic Markets to Prevent Unfair Competition
19/04/2022
China will cultivate a unified national ecological and environment market and create unified carbon emissions and water rights trading markets.
Trade Based Money Laundering
APAC Banks Need to Increase Vigilance to TBML Risks
19/04/2022
Panellists at a recent Regulation Asia webinar discussed the need for greater vigilance to TBML risks and how workflow enhancements can improve outcomes.
PEPs & Sanctions
US Treasury Sanctions Lazarus Entities Over ‘Ronin Bridge’ Hack
19/04/2022
OFAC has added a list of entities associated with Lazarus to its sanctions list, including a specific Ethereum wallet address associated with the attackers.
Credit Risk
Enhancements to HK Personal Loan Guarantee Scheme Take Effect
19/04/2022
The maximum loan amount per borrower under the 100% Personal Loan Guarantee Scheme is increased. The maximum repayment period and principal moratorium arrangement are extended.
PEPs & Sanctions
CNOOC to Exit Western Markets Over Sanctions Risk, Red Tape
18/04/2022
“We cannot predict if the company or its affiliates and partners will be affected by US sanctions in future,” CNOOC said after reviewing its global portfolio ahead of a Shanghai IPO.
Fraud, Scams & Cybercrime
NY Court Acquits Two Philippine Casinos in Bangladesh Bank Case
18/04/2022
Bangladesh Bank says the court did not dismiss the entire case concerning its 2016 hack; only two of the 20 accused were acquitted due to “lack of jurisdiction”.
KYC & CDD
AIST Seeks Clarity on SoF, SoW Expectations for Super Funds
18/04/2022
AIST is asking AUSTRAC to recognise that super funds are presented with lower risks than other reporting entities, and to align its expectations for SoF and SoW checks accordingly.
Capital Adequacy
UK Regulators Warn Banks Against ‘Gaming the Rules’
18/04/2022
The warning is reportedly directed at Barclays, the only UK lender that used its pension scheme for capital arbitrage transactions in recent years.
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