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

    Market Infrastructure

    Korea to Introduce Inspections of Personal Data Handling at FIs

    10/12/2020

    The routine inspections are aimed at ensuring consistency in data protection standards in the financial sector amid a changing data industry in Korea.

    Enforcement

    Singapore Authorities Issue More Charges in Wirecard Probe

    09/12/2020

    The director of local accounting firm Citadelle Corporate Services was hit with three additional charges for falsifying letters confirming Wirecard cash balances.

    Market Infrastructure

    PBOC, HKMA Explore Southbound Leg for Bond Connect

    09/12/2020

    The PBOC and HKMA will form a working group to study the framework for a southbound leg of Bond Connect. No timelines have been set.

    Market Infrastructure

    India’s RTGS System to Be Available 24×7 from Monday

    09/12/2020

    RTGS members banks are directed to inform their customers of the change and to put in place necessary infrastructure to provide RTGS around the clock.

    AML / KYC

    AUSTRAC Targets Disability Insurance Fraud in New Guidance

    09/12/2020

    A new financial crime guide details the indicators that can help financial services firms identify when NDIS fraud may be taking place.

    ACCC Proposes Measures to Improve Mortgage Pricing Fairness

    09/12/2020

    The ACCC recommends that lenders be required to regularly prompt borrowers to review their loan costs and consider switching products or lenders.

    Market Infrastructure

    Euroclear Bank, Shanghai Clearing House Launch ‘Yulan Bonds’

    09/12/2020

    Yulan bonds issued by SHCH will use real time multi-currency DVP settlement with any counterparty within Euroclear Bank’s network.

    Securities / Derivatives

    Goldman Sachs Seeks Approval to Fully Own China Securities JV

    09/12/2020

    Goldman already owns 51 percent of its China securities joint venture and has signed an agreement to acquire the remaining 49 percent.

    AML / KYC

    FATF Releases New Report on Trade-based Money Laundering

    09/12/2020

    A key finding of the report is that greater awareness about all aspects of the trade process would likely increase opportunities to detect and disrupt TBML.

    Big Picture

    Financial Services Driving Growth in Singapore Blockchain Use

    09/12/2020

    The Singapore Blockchain Ecosystem Report 2020 says the use of blockchain in Singapore’s financial sector is driven by industry collaboration to address common pain points.

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