Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Market Infrastructure
ASIC Finalises New Licensing Framework for Foreign Firms
11/03/2020
The framework introduces a new ‘foreign AFS’ licensing regime, and licensing relief for foreign fund managers seeking to induce investment from certain professional investors such as super funds.
AML / KYC
S. Korea Passes New Regulatory Framework for Crypto Sector
11/03/2020
The ‘Special Financial Information Law’ authorises Korean financial regulators to oversee the crypto industry and develop AML rules in line with the FATF recommendations.
Capital / Liquidity
BSP to Adopt New Supervisory Assessment Framework From July
11/03/2020
The new SAFr – said to be more forward-looking compared to CAMELS – uses a four-point rating scale, focusing on FIs business models and compliance systems’ ability to mitigate risk.
AML / KYC
Terrorist Financing Threat Requires More Effective Response
10/03/2020
The current approach to terrorist financing is one-dimensional, overly simplistic and outdated, says a new paper from RUSI’s Centre for Financial Crime and Security Studies.
AML / KYC
India: Yes Bank Co-founder Arrested Over Illicit Kickbacks
10/03/2020
The arrest comes just days after the RBI seized control of Yes Bank due to its inability to raise capital to restore liquidity and address loan losses and credit downgrades.
Securities / Derivatives
S. Korea Tightens Short Selling Rules to Curb Market Volatility
10/03/2020
Starting from Wednesday, the new rules will extend the current 1-day prohibition on ‘overheated short-selling stocks’ to 10 days, while lowering the thresholds for the designation.
Japan Approves Trillion-Yen Aid Package to Support Economy
10/03/2020
The package includes low- and zero-interest loans for the hardest hit SMEs and self-employed workers, and additional support for larger companies through public financial institutions.
Uncategorised
ASIC Consults on Advice Fee Consent, Independence Disclosures
10/03/2020
The legislative instruments ASIC proposes are based on draft legislation for Royal Commission reforms – due to come into effect in July.
Enforcement
Woori Financial Chair Seeks Injunction Against FSS Sanctions
10/03/2020
If the injunction is granted, it could clear the path for Woori Financial Group chairman Sohn Tae-sung to lead the group for another three-year term.
Fintech / Regtech
JPX to Test DLT Information Sharing in Securities Post Trade
10/03/2020
The pilot testing will seek to address inefficiencies in the securities post-trade process that arise as a result of data and workflow mismatches between trading counterparties.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team