Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Enforcement
Former NAB Executive Jailed Over Scheme to Defrauding Bank
01/02/2021
An events company was issuing and sending invoices to NAB and the former executive was receiving bribes to ensure they were paid.
Market Infrastructure
HKMA Drafts Guidance on Operational Continuity in Resolution
01/02/2021
Operational continuity in resolution is a key aspect of resolution planning for individual banks, the HKMA says.
Market Infrastructure
UPDATED – KPMG Appointed to Review RBNZ Data Breach Response
01/02/2021
The review will seek to understand the events leading up to the breach, assess the appropriateness of the RBNZ’s response, and identify factors that contributed to the breach.
Securities / Derivatives
CSRC, Exchanges Issue Final Rules for Index Funds
01/02/2021
The rules seek to strengthen the professional competence of index fund managers, enhance the quality of underlying indexes used, and improve risk control.
AML / KYC
How Financial Institutions View Digital Identity: Survey
01/02/2021
RUSI and ACAMS have launched a new survey seeking to better understand the potential for digital ID to aid in the fight against financial crime.
Market Infrastructure
FSC Korea to Tighten Debt Service Ratio Rules in Q1
01/02/2021
The accumulation of excessive debt may pose a risk to the economic recovery, the FSC said, pledging to introduce measures to rein in household and corporate debt.
Capital / Liquidity
HKMA Extends Relief for Trade Loan Customers Another 90 Days
01/02/2021
Trade loans granted 90-day extensions last year will start to fall due in February, but some trade customers are still facing cash flow pressure, the HKMA said.
Crypto / Digital Assets
Ripple Files Response to US SEC Defending XRP as Virtual Currency
31/01/2021
The response notes that the DOJ, FinCEN and regulators in the UK, Singapore and Japan have all concluded that XRP is a virtual currency not subject to securities regulation.
Securities / Derivatives
TOCOM Revises Order Handling Rules to Account for System Failure
31/01/2021
The trading rule revisions clarify that orders entrusted by customers with trading participants remain valid even if bids and offers are cancelled by TOCOM.
Big Picture
Asset Price Correction Could Jeopardise Financial Stability: IMF
31/01/2021
Policymakers should be prepared for the risks of a market correction as complacent investors bet on continued policy support and drive up valuations, the IMF warns.
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