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
Credit Risk
RBNZ to Amend Connected Exposures Policy for Banks
30/11/2021
The RBNZ proposes to remove the aggregate gross exposure limit and to allow banks to recognise credit risk mitigations when measuring aggregate net exposures.
Anti-Money Laundering
AUSTRAC to Update Guidance on Reporting Cash Transactions
30/11/2021
A TTR will be required for each individual cash transaction of A$10,000 or more. Reporting entities will not need to combine transactions when submitting TTRs.
Payments & Settlements
BSP Allows Digital Banks to Participate in Monetary Operations
30/11/2021
Digital banks and unit investment trust funds can also participate in the secondary market for central bank securities.
Cloud & Infrastructure
ACCC to Launch CDR Sandbox to Support Innovation
30/11/2021
The sandbox aims to help current and prospective CDR participants build and test their solutions faster, and improve accuracy and quality.
Resolution & Recovery
RBI Imposes Restrictions on Urban Cooperative Bank
30/11/2021
Malkapur Urban Bank will continue to have the business and operational restrictions in place until its financial position improves.
Trading & Investment
SEBI Sets Out Guidelines for Operating Silver ETFs
30/11/2021
Silver ETFs will have to allocate at least 95 percent of assets to silver and silver-related exchange-traded commodity derivatives.
Anti-Bribery & Corruption
HK ICAC Arrests Nine in Corruption Probe Involving Macau Firm
30/11/2021
CPAs and audit staff are suspected of accepting bribes to compile a false accountants’ report that was submitted to HKEX for a main board listing.
Conduct, Culture & Accountability
ASIC Files Multiple Court Proceedings Against Westpac
30/11/2021
Westpac has already agreed to admit to the allegations, remediate A$80mn to customers, and pay A$113mn in penalties, subject to court approval.
Operational Risk
APRA Imposes Capital Surcharge on Heritage Bank
29/11/2021
Heritage Bank will also have to complete a remediation programme to address governance and risk management concerns.
Conduct, Culture & Accountability
MAS, IBF Offer Support to Enhance Family Office Skillsets
29/11/2021
New skills maps have been launched as a resource for training providers and FIs to design family office-related training.
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