Structural Regulation

CSRC Grants Deutsche Bank Fund Custody Licence in China

22/12/2020

Deutsche Bank has become the second foreign bank to be granted a domestic fund custody licence in China, just months after rules were finalised for granting such approvals.

Cryptocurrency

UPDATED: US SEC Files Lawsuit Against Ripple, Top Execs

22/12/2020

The lawsuit will allege that Ripple, its CEO and its Co-founder sold unlicensed securities that should be registered with the SEC.

Payments & Settlements

Fusion Bank Launches Virtual Banking Services in Hong Kong

22/12/2020

The Tencent-backed virtual bank allows customers to bind their bank accounts to WeChat Pay HK for use in making payments in Hong Kong, China and Macau.

Reporting & Disclosures

FSB Urges Standard Setters to Use TCFD Recommendations

22/12/2020

Using the TCFD recommendations as the basis for developing requirements or guidance for climate-related disclosures will help avoid the risk of market fragmentation, the FSB says.

ESG Data

ASIFMA Offers Recommendations to Address ESG Data Challenges

22/12/2020

The report, released by ASIFMA and FOSDA, says the recommendations are critical to supporting and enabling the further development of green and sustainable markets in Asia.

Trade Based Money Laundering

Regulation Asia: Top Ten News Stories for 2020

22/12/2020

This list presents the most-read new stories published by Regulation Asia in 2020, based on aggregated user traffic analytics.

KYC & CDD

Regulation Asia: Top Ten Contributed Articles for 2020

22/12/2020

This list presents the most-read contributed articles published by Regulation Asia in 2020, based on aggregated user traffic analytics.

Capital Adequacy

Korea FSS Directs Kakao Bank to Enhance Risk Management

21/12/2020

Kakao Bank is directed to set up an effective emergency plan for responding to a crisis, including detailed financing options to deal potential capital shortfalls.

Market Abuse

FSC Korea Unveils Additional Measures to Curb Illegal Short Selling

21/12/2020

The FSC will place new restrictions on market makers, revamp the rebate system, and set up a new monitoring system to detect illegal short selling activity.