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

    Enforcement

    China ‘Techfins’ Alibaba, Tencent Fined for Forex Breaches

    10/02/2018

    Financial units of Alibaba and Tencent fined for offences including failure to file reports on forex payments by non-residents.

    Enforcement

    Credit Suisse Hong Kong Fined $5mn

    10/02/2018

    Regulatory breaches include failures related to segregation of client securities, reporting of transaction, noncompliance with short selling requirements, unsuitability of investment products sold to clients.

    Enforcement

    RBI to Set Up Dedicated Ombudsman for NBFCs

    09/02/2018

    New ombudsman scheme will initially cover deposit-taking nonbank financial companies; rules to be laid out this month.

    Enforcement

    Korea Seeks to Expand Recruitment Probe to NBFIs

    09/02/2018

    Probe could include some 70 savings banks, insurers, credit card providers and investment companies.

    Indonesia Faces Resistance on Asean Banking Protocol

    08/02/2018

    Indonesian parliamentary commission appear unsure about Indonesian Banks’ ability to compete with foreign banks.

    Enforcement

    ANZ, Westpac Banks Refund Credit Card Customers

    08/02/2018

    ANZ to refund AUD10.2mn for improper fee disclosures; Westpac completes AUD11.3mn remediation following review of credit card limit increases.

    Securities / Derivatives

    S. Korea Scraps Plan for Tougher Capital Gains Taxes on Foreigners

    08/02/2018

    Securities firms don’t have the infrastructure to support the plan; critics say it would have disrupted markets and caused capital flight.

    Enforcement

    Korean Banks Face Claims of Corrupt Recruitment

    07/02/2018

    FSS says banks kept list of officials and former officials whose family members should be favoured in recruitment processes.

    Enforcement

    China’s People’s Daily Attacks Regulators on Conflicts of Interest

    07/02/2018

    Official Communist Party newspaper says regulators should be barred from taking jobs at firms they have supervised in the past.

    Capital / Liquidity

    Japan Govt to Draw From ‘Dormant’ Bank Accounts

    01/02/2018

    Funds from accounts with no activity for 10 years to be used to fund public projects from Q2 2019.

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