Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Crypto / Digital Assets
Malaysia Trialling Blockchain-based Unlisted, OTC Markets
04/12/2017
Distributed ledger trial will form basis of technology architecture, software functions and development standards to underpin markets.
AML / KYC
Report Sets out Macau AML/CTF Weaknesses
03/12/2017
Asia Pacific Group says authorities have not yet grasped cross-border AML risks, but praises use of intelligence to produce suspicious transaction reports.
Enforcement
Australian Securities Regulator Fines VW Financing Arm
30/11/2017
Move hints at increasing global concern that car finance, fuelled by low interest rates, could be source of next sub-prime crisis.
Market Infrastructure
SGX Revamping Securities Settlement Processes
30/11/2017
Exchange consultation proposes move to T+2 settlement, simultaneous securities, money settlement in bid to prevent systemic risk.
Capital / Liquidity
South Korea to Write off $5.7bn in Personal Debt
30/11/2017
People’s Happiness Fund will purchase more than half the debt, remainder will be written off using private sector funds.
AML / KYC
China Micro-lenders Ordered to Halt Business
27/11/2017
Murkiest of shadow banking sectors has extended short term credit of more than $150bn; extremely high rates, collection methods have led to ‘social problems’.
Enforcement
HK Regulators Warn on Conflicts of Interest in Product Sales
27/11/2017
HKMA, SFC say some intermediaries aren’t revealing related counterparties, not executing at best price, hide cheaper products.
AML / KYC
Singapore, Abu Dhabi to Cooperate on Banking Supervision, Markets, Fintech
27/11/2017
Middle Eastern regulator has already approved one Singapore firm to provide credit services; Singapore firm won Fintech challenge.
Capital / Liquidity
Indonesia Regulator to Set-up Regtech Surveillance System
27/11/2017
New technology to include integrated surveillance including early-warning system, data analysis and online regulatory reporting for financial institutions.
Capital / Liquidity
Vietnam to Allow Banks to Go Bankrupt
27/11/2017
Bankruptcy will be a last resort; Vietnamese banking sector has bad debts of 8.6% of total credit, 17.2% NPL ratio; Moody’s outlook ‘positive’
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