Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
AML / KYC
Upbit Becomes First Crypto Exchange to Register With KoFIU
24/08/2021
Upbit has a partnership with K-bank for real-name verification. One or two more exchanges are expected to register by end-August.
Market Infrastructure
Japan FSA Orders Mizuho to Explain Latest System Failure
24/08/2021
Mizuho Bank and Mizuho Trust were unable to complete customer transactions at all branches counters across Japan due to equipment failures.
Securities / Derivatives
CSRC to Promote China-US Cooperation on Audit Supervision
24/08/2021
The CSRC said it will create conditions to promote China-US cooperation on audit supervision, strengthen market communication, and stabilise policy expectations.
Enforcement
FMA Identifies AML Breaches by Investment Platform Sharesies
23/08/2021
The FMA has ordered Sharesies to amend its onboarding process and implement a process to complete identity verification at onboarding.
Fintech / Regtech
BSP to Close Application Window for Digital Banks
23/08/2021
The application window will be closed for three years. Applications received by 31 August will be processed on a first-come, first-served basis.
Market Infrastructure
China: New State Pension to Boost Retirement Savings
23/08/2021
The establishment of the new state pension company is waiting for regulatory approval from the CBIRC.
ESG / Sustainability
Thailand: Regulators Set Out Sustainable Finance Initiatives
22/08/2021
The strategic initiatives include the development of a sustainable finance taxonomy, the ESG data environment, and sustainable finance products.
Fintech / Regtech
US SEC Allows API Access to Financial Disclosure Data
22/08/2021
The APIs aggregate financial statement data and make corporate disclosures quicker and easier for developers and third-party services to use
Capital / Liquidity
OJK Indonesia Introduces Digital Banking Framework
22/08/2021
Digital banks should have a minimum paid-up capital of IDR 10 trillion (USD 694 million). However, the capital deposit required at the time of application is IDR 3 trillion.
Capital / Liquidity
Bangladesh Bank Raises Leverage Ratio Requirement
22/08/2021
A higher leverage ratio will help banks reduce import costs, increase quality capital, and enhance their ability of banks to absorb riskes, Bangladesh Bank said.
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