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
FSC Korea Issues Guidelines on Protection of Debtors
17/08/2024
Financial companies have until 17 October to finalise internal standards to comply with new requirements under the Personal Debtor Protection Act.
Fintech / Regtech
US Regulator to Crack Down on ‘Time-wasting’ Chatbots Used by FIs
17/08/2024
The CFPB will issue rules or guidance to regulate the use of “ineffective and time-wasting chatbots” by FIs in lieu of customer service.
Fintech / Regtech
Japan FSA to Start Using AI for Monitoring Soundness of FIs
17/08/2024
The new system is being put in place to speed up the detection of issues in the financial system and help prevent financial crises and bank failures.
Capital / Liquidity
Chinese SOE Takes Control of Private Lender Jiangxi Yumin Bank
17/08/2024
The transaction marks the first time a state-owned company has taken control of a private lender in China.
Enforcement
US Man Arrested Over Attempts to Export Aircraft Components to Iran
17/08/2024
Jeffrey Chance Nader falsely identified himself to suppliers as the end user of the components, which he attempted to export to the UAE for transshipment to Iran.
Capital / Liquidity
Thailand to Establish New National Credit Guarantee Agency
17/08/2024
The new agency will assess the credit risk of individual businesses and issue guarantee certificates which can be used to apply for loans from FIs.
OJK, HKMA Sign MOU to Expand Cooperation in Banking Supervision
16/08/2024
Indonesia’s OJK said it hopes to establish a supervisory college with the HKMA and enhance staff capacities at both regulators.
Fintech / Regtech
Vietnam: HoSE Launches New Reporting System for Listed Companies
16/08/2024
HoSE emphasised the importance of ensuring submissions are accurate, comprehensive, and comply with reporting specifications.
Sanctions
OFAC Unveils Fresh Sanctions Against Iranian Shipping Network
16/08/2024
The sanctions target companies based in the Marshall Islands, the UAE, Malaysia and Hong Kong, along with several vessels, for helping to generate revenue for the Houthis.
Securities / Derivatives
Shenzhen, Dubai Sign MOU on Capital Markets Cooperation
16/08/2024
Under the MOU, SZSE and DFM will explore the potential for future dual listings and ETF connectivity between the two markets.
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