Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
MPFA Commences Tendering Process for New eMPF Platform
12/12/2019
Companies that meet the technical requirements of the eMPF project are encouraged to form consortia and submit tenders by 9 April 2020.
Securities / Derivatives
NSE Launches Interest Rate Options on 10-Yr Govt Bond
11/12/2019
Interest rate options on 10 year government bonds provide institutional investors a new tool to hedge interest rate risk.
Sri Lanka to Introduce Legislation to Regulate Moneylenders
11/12/2019
Moneylenders do not currently fall under any licensing or regulatory regime in Sri Lanka unless they accept deposits.
AML / KYC
Japan Banks to Join JPM Blockchain Initative to Boost AML Measures
11/12/2019
Japanese banks are looking to use JP Morgan’s Interbank Information Network to bolster AML measures because it makes screening of cash recipients faster and more efficient.
AML / KYC
RBA Underlines High Cost of Cross-Border Transfers via Big Banks
11/12/2019
The average mark-up over the wholesale exchange rate is around 5.5% for the major banks, versus about 1% for the digital money transfer services, said RBA governor Philip Lowe.
APRA Publishes Names of Underperforming Super Funds
11/12/2019
APRA has published a colour-coded ‘heatmap’ to lift industry practices and enhance member outcomes by enabling comparison between superannuation products.
Enforcement
Japan SESC Recommends $22mn Fine for Nissan Underreporting
11/12/2019
The fine would be Japan’s second-largest ever for false reporting on a corporate financial statement, after the 7.3 billion yen fine imposed on Toshiba in 2015.
Fintech / Regtech
KRX to Tighten Rules on Algorithmic and AI-based Trading
11/12/2019
Algorithmic trading is not illegal in Korea, but authorities have long been concerned that the practice may cause market confusion and disadvantage retail investors.
Enforcement
Samsung Execs Jailed for Burying Evidence in Accounting Probe
11/12/2019
Employees were ordered to destroy and conceal internal documents, including by burying nearly two dozen computers and notebooks as well as computer servers beneath factory floors.
Market Infrastructure
RBI to Make NEFT System Available 24×7
11/12/2019
From 16 December, the NEFT system will be available on a 24/7 basis, including on holidays with batch settlement every half hour.
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