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

    BNM Issues Draft Rules on Financial Sector Use of Electronic KYC

    17/12/2019

    BNM recommends the use of AI, machine learning or other forms of predictive algorithms to ensure accurate identification and verification, and to automate decision-making in customer onboarding.

    AML / KYC

    HKMA Asks Banks, SVFs to Assess AML/CFT Risks of VASP Dealings

    17/12/2019

    Authorised institutions and SVF licensees should conduct appropriate risk assessments to differentiate the risks of the individual virtual asset service providers they deal with, the HKMA says.

    Fintech / Regtech

    FSC Korea Grants Preliminary Approval to Third Internet-only Bank

    17/12/2019

    Led by mobile money transfer app operator Viva Republica, the Toss Bank consortium expects to commence operations as an internet-only bank during the first six months of 2021.

    Capital / Liquidity

    Basel Committee Launches Consolidated Basel Framework

    16/12/2019

    The framework brings together all of the Basel Committee’s global standards for the regulation and supervision of banks.

    Market Infrastructure

    APRA Delays Implementation of Product Responsibility under BEAR

    16/12/2019

    APRA will delay finalising its consultation on the product responsibilities under BEAR to align with the government’s proposed extension of the accountability regime.

    AML / KYC

    SWIFT Opens KYC Registry to Corporate Groups

    16/12/2019

    Enabling corporate groups on the KYC Registry allows them to improve how their KYC data is structured, while freeing up their banking partners from having to chase down documentation.

    Securities / Derivatives

    IOSCO Unveils Framework for Monitoring Leverage-related Risks in Funds

    16/12/2019

    IOSCO has developed a framework for monitoring leverage across all types of investment funds globally, to help regulators assess leverage-related risks that can undermine financial stability.

    Enforcement

    RBNZ Orders ANZ New Zealand to Improve Director Attestation Processes

    16/12/2019

    A report from Deloitte shows some level of complacency in ANZ’s director attestation framework, but no evidence of a culture that supports non-compliance or deception.

    Market Infrastructure

    ASIC Increases Scrutiny on Audit Practices as Quality Drops

    16/12/2019

    ASIC’s latest inspection results show that audit firms did not obtain the required assurance in 26% of examined key audit areas, particularly in the audit of revenue and non-financial asset impairment.

    Enforcement

    MAS Revokes Fund Manager’s CMS Licence for Regulatory Breaches

    16/12/2019

    The CMS licensee is a Singapore company set up by CT Bright Holdings Limited, a joint investment vehicle formed by Thai conglomerate CP Group and Japan’s ITOCHU Corporation.

    JOIN OUR NEWSLETTER

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