Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
AML / KYC
HK’s New Financial Services Chief Advocates Centralised KYC Registry
19/07/2017
Top official says updated ID cards with greater security could be used as basis of the centralised KYC; boost Hong Kong’s status in fintech.
Capital / Liquidity
APRA Sets out Vision for ‘Unquestionably Strong’ Banking System
19/07/2017
APRA says ‘unquestionably strong’ means a CET1 capital adequacy ratio of 10.5% ; some lenders expected to require 150bp increase.
Capital / Liquidity
Singapore Market Infrastructure Regime Gains CPMI/IOSCO Approval
18/07/2017
Peer review finds MAS meets all but one of 24 principles designed to shore up systemically important market infrastructure including central counterparties.
AML / KYC
India Could Bring Bitcoin Regulation Under SEBI
18/07/2017
Despite earlier talk of blanket ban, panel set up in April close to agreeing model which would give bitcoin similar status to a commodity.
Capital / Liquidity
PBOC to Ramp Up Regulatory Oversight
17/07/2017
Increased oversight by central bank may have put paid to talk of super regulator; regulators could be found guilty of […]
Market Infrastructure
Emerging Asian Markets Suffer Shutdowns, Cyberattacks
17/07/2017
Exchanges in India and Indonesia suffer outages, citing ‘technical issues’; brokers connected to Bursa Malaysia report spate of cyberattacks on two separate days.
Market Infrastructure
China Exchanges Eye Financial Infrastructure ‘Belt and Road’
17/07/2017
SSE, CFFEX meetings to discuss stake in CSE (Chittagong Stock Exchange) follows their participation in consortium which bought 30% of Pakistan bourse.
AML / KYC
AUSTRAC Warns on Fraud, Money Laundering via Stock, Derivatives Markets
13/07/2017
Fraud, money laundering more prevalent than even insider trading or market manipulation, Centre suggests; only 40% of market participants filed suspicious matter reports over 2-year period.
AML / KYC
Singapore Banker Gets 2nd Conviction for 1MDB-related Offences
13/07/2017
Former wealth manager at shuttered Singapore office of Swiss bank BSI to serve further two years for money laundering after witness tampering sentence ends.
Capital / Liquidity
Bank Risks Under Control, Market Supervision to Intensify – China Regulators
13/07/2017
Senior banking regulator suggests number of illegal fundraisings has declined sharply; counterpart at CSRC says to continue crackdown on market malfeasance.
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