Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
China Approves New Insurance Units by BNP Paribas, Prudential
24/10/2024
The NFRA approved the creation of a property insurance joint venture between BNP and Volkswagen Financial Services; and an insurance asset management firm by Prudential Financial.
Crypto / Digital Assets
CBDC Platform mBridge is Open to US Dollar Inclusion: Central Bankers
24/10/2024
Current and former central bankers speaking at Sibos discussed the importance of the mBridge platform and how it can evolve to meet broader market needs.
Sanctions
FinCEN Issues New Alert on Countering Hezbollah Activities
24/10/2024
The alert builds on a May advisory on Iran-backed terrorist groups and sets out indicators to assist FIs in identifying and reporting activity involving Hezbollah.
Capital / Liquidity
Thai Banks Cut Lending Rates in Response to BOT Rate Cut
24/10/2024
Krungsri, Bangkok Bank, Kasikornbank, Siam Commercial Bank and TMBThanachart Bank have all announced lower lending rates for customers.
Crypto / Digital Assets
PBOC Seeks to Expand Ecosystem for $2.7b e-CNY
23/10/2024
Speaking at Sibos, Mu Changchun said market incentives need to be provided to enable every player in the ecosystem to earn profits from China’s CBDC.
Crypto / Digital Assets
NYSE, Cboe Win Approval to List Options on Spot Bitcoin ETFs
23/10/2024
NYSE American received approval to list options on three bitcoin ETFs. Cboe Exchange received approval for options on two bitcoin ETFs.
Fintech / Regtech
Australia Publishes New AI Guidance Addressing Privacy Compliance
22/10/2024
The guidance includes information for developers that use personal information to train generative AI models.
APRA Publishes Template for Reporting Material Service Providers
22/10/2024
Regulated entities will use the template to provide their MSP register to APRA on an annual basis, as required by the new CPS 230 standard.
AML / KYC
MAS Updates AML/CFT Guidelines to Support COSMIC Initiative
22/10/2024
The Guidelines to Notice 626 and Notice FSM-N02 were revised to align with requirements related to the COSMIC information sharing platform.
Capital / Liquidity
China Lowers Benchmark Lending Rates to Support Economy
22/10/2024
The cuts are aimed at driving down financing costs for businesses and individuals, and boosting domestic demand.
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