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
SEBI, US SEC Probe IT Major Infosys for “Unethical Practices”
28/10/2019
SEBI and the US SEC are probing Infosys after whistleblowers alleged costs were under-reported to inflate profits and “critical information” was hidden from auditors and the board.
AML / KYC
ACIP Workshop: Key Challenges to Deploying AML Data Analytics
28/10/2019
The workshop participants discussed two of the key challenges to implementing data analytics systems to fight financial crime – explainability and governance.
Enforcement
ICAC Charges Two for Conspiracy to Defraud Five HK Banks
28/10/2019
Two operators of an SME conspired to defraud DBS Bank, HSBC, ICBC, Dah Sing Bank, Wing Hang Bank, the Trade and Industry Department, and the Hong Kong Mortgage Corporation.
AML / KYC
Australia Introduces Bill to Ease CDD Compliance Burden
27/10/2019
The bill allows reporting entities to rely on CDD procedures performed by a third party. Meanwhile, a bill to limit cash payments to A$10,000 nationwide passes the lower house.
Market Infrastructure
New Zealand Delays Start of New Licensing Regime
27/10/2019
The start date is being delayed to coincide with the date new regulations needed for transitional licensing take effect.
Market Infrastructure
BOT Solicits Comments on Draft ‘Thailand FX Code’
27/10/2019
The BOT invites wholesale FX market participants to comment on a draft ‘Thailand FX Code’ by 25 November.
Fintech / Regtech
TSE to Explore New Uses for Margin Trading, Short Selling Data
26/10/2019
Data relating to margin transactions and short selling will be made available to testing participants to identify possible new applications of the data.
Fintech / Regtech
HKMA Updates Guidance on E-Banking Risk Management
25/10/2019
The updated supervisory policy manual seeks to strengthen risk management controls in electronic banking channels by providing more principle-based guidance.
Market Infrastructure
APRA Seeks More Funding to Address Capability Review Findings
25/10/2019
In his opening statement to a Senate estimates hearing this week, APRA chairman Wayne Byres said the regulator will need additional resourcing to deliver on its objectives.
Capital / Liquidity
BSP Announces New Round of Reserve Requirement Cuts
25/10/2019
The fresh 100bp RRR cut follows a 100bp cut announced last month and a three-step 200bp cut from May to July this year.
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