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

    AML / KYC

    PBOC Penalties for AML Violations Spike in Q1 2020

    29/04/2020

    The increase in penalties is in part the result of a new calculation method in use at the PBOC, where penalties can now accumulate when multiple breaches occur at once.

    India Brings to Life Unified Regulator for IFSCs

    29/04/2020

    The new authority can now appoint members and employees, set up funds and apply tax exemptions, but other regulatory and supervisory powers have not yet taken effect.

    Fintech / Regtech

    Beijing Fintech Regulation Pilot to Expand to Six Other Cities

    29/04/2020

    The expanded pilot programme will seek to guide FIs and fintech firms towards exploring the use of technology to support small firms with funding difficulties.

    Enforcement

    Korea: FSS Confirms ‘Bad Bank’ Plan to Recover Lime Asset Losses

    29/04/2020

    FSS governor Yoon Suk-heun also pledged to establish a sustainable monitoring system, in light of events at Lime Asset Management and last year’s derivative product mis-selling at banks.

    Securities / Derivatives

    Malaysia SC Eases Rules for Issuing Convertible Notes to VC, PE Firms

    28/04/2020

    The flexibilities are aimed at easing the fundraising process for MSMEs as well as small and mid-cap companies, making it more cost-effective and reducing time to market.

    Securities / Derivatives

    CBIRC Instructs Banks to Halt Risky Crude Oil Products – Reports

    28/04/2020

    The verbal directions came nearly a week after an estimated $1.4bn in losses were recorded in a crude oil futures trading product sold by Bank of China.

    Big Picture

    Privacy Concerns, Bank Mistrust Lead to Higher Cash Use: Study

    28/04/2020

    The findings suggest that government policy to promote electronic payments may have to address fundamental concerns about privacy and confidence in financial institutions.

    Securities / Derivatives

    SGX, CITIC Securities Agree to Collaborate Across Borders

    28/04/2020

    SGX and CITIC Securities will collaborate on FICC, REIT, equity, debt and related derivatives markets, among other areas.

    SFC, Competition Commission Agree to Cooperate, Share Information

    28/04/2020

    The SFC and the Competition Commission can consult each other on issues with significant implications for the other and share information where appropriate.

    Enforcement

    CSRC Vows Cross-border Cooperation in Luckin Fraud Case

    28/04/2020

    The CSRC has been communicating with US regulators, looking to deepen cross-border cooperation to combat misconduct and fraud and to protect investors.

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