Editors

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    Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com

    Articles by Editors

    AML / KYC

    FSC Korea Proposes New Penalty Standards for VASPs

    11/03/2021

    FIs and VASPs can be penalised for failing to report and maintain records of suspicious transactions, and failures to properly manage customers’ transactions records.

    Securities / Derivatives

    Chinese State-backed Funds Intervene to Calm Market

    11/03/2021

    The government reportedly blocked social media mentions of the stock market while local media outlets downplayed recent market turbulence.

    Enforcement

    APRA Accepts Court Enforceable Undertaking from Allianz

    11/03/2021

    Allianz Australia acknowledges previous risk and compliance weaknesses and emphasises its commitment to addressing these issues.

    AML / KYC

    HK: BNO Passports May Not be Used for Early MPF Withdrawal

    11/03/2021

    MPF scheme members cannot rely on a BN(O) passport or its associated visa as evidence in support of an application for early withdrawal of MPF.

    Capital / Liquidity

    FSC Korea Extends Easier Liquidity Rules for Banks

    10/03/2021

    The easier liquidity rules, introduced in April and extended in August, are now scheduled to end at the end of September.

    Capital / Liquidity

    PBOC to Limit Short-term Bond Issuance by Securities Firms

    10/03/2021

    Short-term bonds issued by securities firms will subject to a limit of 60% of net capital. The eligibility criteria have also been strengthened.

    Capital / Liquidity

    RBNZ Removes Liquidity Facilities Amid Improving Market Conditions

    10/03/2021

    Financial market conditions have “improved significantly” since the Term Auction Facility and the Corporate Open Market Operation were introduced.

    AML / KYC

    China to Bolster Legal Defences Against Foreign Sanctions

    09/03/2021

    China plans to accelerate legislation designed to guard against foreign sanctions, interference and long-arm jurisdiction, a top lawmaker has said.

    EBA on Heightened Security Alert Following Cyber Attack

    09/03/2021

    Tens of thousands of organisations in Asia, Europe and the US were targeted in a campaign that exploited vulnerabilities in different versions of Microsoft’s mail server software.

    Market Infrastructure

    HKMA Issues Guidance for Bond Connect FX Settlement Banks

    09/03/2021

    Hong Kong FX Settlement Banks should ensure that FX conversion and hedging transactions arise from “genuine and reasonable” Bond Connect investment needs.

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