Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
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.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team