Editors
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Articles by Editors
Enforcement
CFTC Penalises Australian Firm for Spoofing by Former Trader
23/01/2020
The CFTC has ordered Propex Derivatives to pay $1mn, comprising restitution, disgorgement, and a civil monetary penalty. The DOJ has also entered a deferred prosecution agreement with the firm.
Fintech / Regtech
HKMA, BOT Announce Outcomes of Joint CBDC Research
23/01/2020
In 3Q 2019, eight Thai banks and two Hong Kong banks (HSBC and ZA Bank) participated in a THB-HKD cross-border corridor network PoC using a CBDC.
Bank of Thailand Relaxes Mortgage Lending Rules
22/01/2020
For homes worth more than THB 10 million, first home buyers have to pay a minimum down payment of 10%, compared to 20% earlier.
CBIRC Enhances Complaints Handling Mechanisms in Banking, Insurance
22/01/2020
Banks and insurers are required to complete complaints handling processes within 15 days in cases where the facts are clear and the matter in dispute are simple.
Securities / Derivatives
China Prohibits SOEs from Speculative Derivatives Trading
22/01/2020
State-owned enterprises may only engage in derivatives trading for hedging purposes. Speculative derivatives trading is explicitly prohibited.
Fintech / Regtech
S. Korea to Launch Financial Data Exchange in March
22/01/2020
The exchange will match buyers and sellers of financial data and facilitate the use of big data analytics to improve product development in the financial industry.
Fintech / Regtech
HKMA to Set Up ‘Digitalisation Office’ to Implement Transformation
22/01/2020
The progressive development of digitalisation initiatives will bring profound changes to how the HKMA works and further enhance its efficiency, says deputy chief Howard Lee.
Market Infrastructure
S. Korea to Implement Asia Region Funds Passport on 27 May
22/01/2020
To register passport funds that can be offered in overseas markets, fund managers in Korea must have at least $500mn under management and meet a $1mn minimum capital requirement.
Fintech / Regtech
BIS, Six Central Banks to Jointly Explore CBDC Use Cases
22/01/2020
The group will assess CBDC use cases; economic, functional and technical design choices, including cross-border interoperability; and share knowledge on emerging technologies.
Securities / Derivatives
RBI Permits Gift City Trading of Rupee Derivatives
21/01/2020
The move will help address demands from overseas participants for the availability of better tools to hedge India exposures.
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