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
Australian Authorities Bust Vietnamese Money Transfer Cartel
12/04/2019
The ACCC and Australian police have brought charges against an alleged price-fixing cartel, which is said to have been directed by Vietnam’s Sacombank.
Market Infrastructure
SEBI Issues CCP Guidelines for Risk-Based Capital, Net Worth
12/04/2019
New norms have been issued by India’s regulator on computing risk-based capital and net worth requirements for clearing corporations.
Enforcement
ASIC Warns OTC Derivatives Platforms on Overseas Services
12/04/2019
OTC derivatives platforms offering services to foreign retail investors may be breaking overseas laws, which may be inconsistent with local obligations to provide services ‘efficiently, honestly and fairly’.
Market Infrastructure
US SEC Recognises NZX as Designated Offshore Market
11/04/2019
NZX participants will no longer be required to maintain a reasonable belief that clients are non-US domiciled persons in order to trade on their behalf.
Fintech / Regtech
HKMA Grants Fourth Virtual Bank Licence to WeLab Digital
11/04/2019
The HKMA has granted a fourth virtual bank licence to WeLab Digital, the first stand-alone company to receive the licence.
Enforcement
Taiwan Raises Max Penalty for Unauthorised Investments from China
11/04/2019
Taiwan has passed a legislative amendment raising the ceiling for fines against Chinese investment into local companies without authorisation.
Enforcement
MAS Bans Former HSBC, UOB Employees for ‘Egregious’ Misconduct
11/04/2019
Three individuals have received lengthy bans, in addition to jail terms, for “criminal conduct at the expense of their customers”.
Capital / Liquidity
Federal Reserve Consults on New Rules for Foreign Banks in the US
11/04/2019
The proposals could relax capital and stress testing requirements for US branches of foreign banks, but impose stricter liquidity rules on those that engage in riskier activities.
Capital / Liquidity
BCBS Reorganises Standards in Consolidated “Basel Framework”
11/04/2019
The consolidated Basel Framework has been published initially in draft form, together with a consultative document on technical amendments to the standards.
Enforcement
UniCredit China Employee Embezzled $15mn of Client Money
10/04/2019
The employee allegedly used a group supervisor’s password to access the funds, which were used to buy apartment units in the US, Greece and Japan.
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