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

    HK’s Financial Reporting Council to be Given Extended Powers

    20/01/2018

    Treasury for Financial Services and the Treasury says FRC to given independent oversight, inspection and disciplinary powers.

    AML / KYC

    US Fed Fines Taiwanese Bank $29mn for AML Failures

    19/01/2018

    US Federal Reserve Board cites deficiencies in Mega Bank’s operations, risk management and compliance controls in relation to AML and bank secrecy laws.

    Vietnamese Banks Warned Against High-Risk Lending

    19/01/2018

    Central bank warning comes as prime minister asks for increased inspection and supervision over banks.

    AML / KYC

    Hong Kong SFC Looks to Optimise Enforcement Action

    18/01/2018

    New guidance removes threat of criminal prosecution in cases of “non-serious” regulatory breaches and cooperation ‘above and beyond’ regulatory obligations.

    AML / KYC

    Philippines Will Now Report Cross Border Banking Stats to BIS

    17/01/2018

    BSP has begun reporting international banking statistics from January 2018, having met BIS standards for completeness and quality.

    AML / KYC

    Singapore Activates 61 AEOI Relationships for 2018

    17/01/2018

    The country will automatically exchange tax information from January 2017 with 61 countries under the OECD’s Common Reporting Standards.

    AML / KYC

    SFC Urges Licensees to File “Better Quality” Suspicious Transaction Reports

    17/01/2018

    Circular sent to firms following a feedback report issued by the Joint Financial Intelligence Unit.

    Securities / Derivatives

    China Tightens Rules on Stock Pledges, Repos

    17/01/2018

    Shenzhen, Shanghai exchanges confirm stock pledges and repos must serve real economy, limit proportion of stock allowed to be pledged.

    AML / KYC

    HKMA Proposes Open APIs for Financial Services

    15/01/2018

    Consultation suggests it could take just six months for banks to develop APIs including their product and service information.

    Capital / Liquidity

    EBA Publishes Final Disclosure Requirements for IFRS 9 Transitional Arrangements

    14/01/2018

    Uniform disclosure template ensures consistency and comparability of data disclosed by institutions during the transition to full IFRS 9 implementation.

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