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
PEPs & Sanctions
UK Sanctions More Russians, Restricts More Belarusian Trade
06/07/2022
Last week, the UK Parliament’s Foreign Affairs Committee published a report calling on the government to “act now” to tackle the flow of illicit finance through London.
Emerging Prudential Risks
MAS Issues Guidelines on Islamic Banking in Singapore
06/07/2022
The main risk which is unique to Islamic banks is Shariah compliance risk – where noncompliance with Shariah rulings carries “significant reputational risk”.
Anti-Money Laundering
Korea FSS Expands Banking Industry Probe into FX Trading
06/07/2022
The probe was prompted by abnormal trading activity at Woori and Shinhan Bank. Other banks have been asked to conduct internal inspections.
Structural Regulation
UK to Codify Tax Exemptions for Sovereign Investors into Law
05/07/2022
The proposals seek to ensure the tax exemptions provided to sovereign investors are more targeted towards investment rather than trading income.
Anti-Money Laundering
AUSTRAC Issues Update on Reporting System Enhancements
05/07/2022
AUSTRAC has commenced development of a new CRM platform which will enable it develop enhanced self-service capabilities in AUSTRAC Online.
Clearing & Post-Trade
ASX Responds on Tranche 3 Rule Changes for CHESS Replacement
05/07/2022
The rule amendments will be subject to regulatory approvals. ASX proposes to lodge the combined rules package with ASIC in Q4 of calendar year 2022.
AI Risk & Governance
MAS Assesses Fairness of FIs’ Use of AI/Machine Learning
05/07/2022
MAS conducted a thematic review on selected FIs’ implementation of Fairness Principles in their use of AI/machine learning.
Cryptocurrency
MAS Mulls New Restrictions on Retail Investment in Crypto
05/07/2022
New measures may include placing limits on retail participation, and introducing new rules on the use of leverage in crypto transactions.
Trading & Investment
Korea Regulators Announce Measures to Ease Market Volatility
05/07/2022
Securities firms will be exempt from a requirement to hold collateral worth at least 140 percent of the value of each stock purchase to provide credit to customers.
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”.
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