Editors

    image

    Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com

    Articles by Editors

    AML / KYC

    Singapore Police Raid ZenRock Following HSBC Allegations of Fraud

    10/05/2020

    Singapore’s High Court has reportedly appointed KPMG executives as interim judicial managers to oversee a transition to new management at ZenRock Commodities, an oil trading firm.

    Enforcement

    PBOC Issues Record Penalty Against Payments Firm

    09/05/2020

    Allscore Payment Service was also found to have providing services for illegal gambling websites, embezzled customer funds and misappropriated reserve funds.

    Securities / Derivatives

    India: Gift City Exchanges Launch First Rupee Derivatives

    09/05/2020

    Rupee futures and options will offer overseas market participants new onshore tools to hedge their India exposures, reducing their reliance on offshore currency markets.

    Securities / Derivatives

    SEBI Defends Rules Limiting Mutual Fund Investment in Unlisted Debt

    09/05/2020

    SEBI was responding to recent comments by Franklin Templeton’s president, which appeared to in part blame the rules for the closure of six India funds.

    Market Infrastructure

    Australia Defers All Royal Commission Commitments by Six Months

    09/05/2020

    In line with the Treasury’s announcement, ASIC has deferred mortgage broker reforms and the introduction of product design and distribution obligations.

    Enforcement

    MAS Issues Prohibition Orders Against Two Former Bank Employees

    09/05/2020

    A former Barclays was deceived the bank into paying $10mn from client accounts to settle his personal debts. A further $10mn in Barclays losses came from unauthorised trading.

    Securities / Derivatives

    Bank of China to Partially Shoulder Investors’ Crude Oil Losses

    08/05/2020

    The move followed a determination by the Financial Stability and Development Committee that the bank was at fault for not following investment suitability principles.

    India: Banks Agree to Extend Loan Moratorium to NBFCs

    08/05/2020

    RBI governor Shaktikanta Das has made clear that NBFCs are eligible for the loan moratorium being extended to other borrowers.

    Market Infrastructure

    China Scraps QFII, RQFII Quotas; Simplifies Outbound Remittance Rules

    08/05/2020

    QFII and RQFII investors will merely need to go through a registration process to invest in China. Requirements on outbound remittances and currency exchange have also been simplified.

    AML / KYC

    Australian Police Launch Probe into Super Fund Early Release Fraud

    07/05/2020

    Five search warrants have so far been executed in relation to the fraud, and bank accounts containing AUD 120,000 in stolen super money have so far been frozen.

    JOIN OUR NEWSLETTER

    A daily selection of top stories from the Regulation Asia editorial team