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

    Market Infrastructure

    IOSCO Recommends UTC as Standard Clock for Timestamping

    12/09/2019

    IOSCO is seeking feedback on a recommendation that all member jurisdictions use UTC as the standard reference time source for timestamping reportable events.

    Market Infrastructure

    ASIC Extends Licensing Relief for Foreign Firms Ahead of New Regime

    12/09/2019

    The extension of licensing relief allows foreign financial services providers just over six months to decide whether they will apply for the new foreign AFS licence.

    Enforcement

    AFCA Clarifies How it Will Assess Legacy Complaints

    12/09/2019

    AFCA ombudsman Shail Singh says legacy complaints will be assessed against laws, industry practices and applicable standards in force at the time of the misconduct.

    Enforcement

    Japan Brokerage Sanctioned for Giving a Client Preferential Treatment

    12/09/2019

    A former baseball star and member of Japan’s Parliament was allowed to continue trading derivatives despite persistent margin shortfalls over about 9 months.

    BSP Revises Rules to ‘Institutionalise’ Consumer Protection at Banks

    11/09/2019

    The BSP has revised its financial consumer protection framework to ensure banks conduct their business ethically and refrain from practices that may cause harm to consumers.

    Enforcement

    ASIC to Appeal Westpac Responsible Lending Case Dismissal

    11/09/2019

    ASIC says last month’s federal court’s ruling in favour of Westpac creates uncertainty as to what is required for a lender to comply with its loan assessment obligations.

    Crypto / Digital Assets

    FSC Korea Gets New Chairman, Eun Sung-soo

    11/09/2019

    In his inauguration speech, the new FSC chairman Eun Sung-soo vowed to act quickly if financial market volatility increases.

    Enforcement

    SFC Fines HSBC HK$2.1m for Phone Recording Failures

    11/09/2019

    Voice recording was inadvertently not enabled on some private banking service lines, resulting in over 5,800 client order instructions not being tape-recorded.

    AML / KYC

    AUSTRAC Order A$250,000 Fine Against Compass Global Holdings

    11/09/2019

    AUSTRAC says Compass Global Holdings failed to report international funds transfers between 2018 and 2019.

    Securities / Derivatives

    Euroclear to Establish Link with China Interbank Bond Market

    10/09/2019

    The link will seek to simplify the process for foreign investors accessing the China interbank bond market and bring its cross-border settlement mechanism in line with global standards.

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