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
Fraud, Scams & Cybercrime
China Freezes $1.5bn in Assets, Arrests 62 in P2P Purge
20/02/2019
Since last June, a crackdown on peer-to-peer lenders by China’s Ministry of Public Security, codenamed ‘Fox Hunt’, has yielded $1.5bn in seized assets and 62 arrests.
Credit Risk
Bangladesh Bank Approval of Three New Banks Draws Criticism
20/02/2019
Bangladesh’s decision to approve three new banks has drawn criticism, given the rising nonperforming loans and declining governance standards in the banking sector.
Supervision & Enforcement
ASIC Issues Update on Implementation of Hayne Recommendations
20/02/2019
ASIC is considering over 40 enforcement cases, a number of which involve misconduct by large financial institutions, their employees or subsidiary companies.
Capital Adequacy
RBI to Pay $3.9bn Interim Dividend to Government
19/02/2019
India’s central bank will pay a $3.9bn interim dividend to the government amid pressures to transfer its surplus reserves.
Trading & Investment
UPDATED – Taiwan Mulls Introduction of Intraday Odd-lot Trading
19/02/2019
Currently, odd-lot trades are only permitted in after-hours trading. The introduction of intraday odd-lot trading will boost daily turnover and give retail investors more choice, the FSC says.
Credit Risk
CBIRC Drafts New Rules for Local Government AMCs – Report
19/02/2019
Many local government-run AMCs have not been focused on dealing with bad loans as intended due to a lack of clarity on their business scope.
Cybersecurity
SWIFT Publishes Counterparty Cybersecurity Risk Guide
19/02/2019
The guide assists organisations in incorporating their counterparties’ cybersecurity self-attestation data into their risk management frameworks and governance models.
Anti-Money Laundering
SFC Fines Guosen Securities $1.94mn for AML Breaches
19/02/2019
The Hong Kong unit of Guosen Securities failed to make enquiries into or report thousands of suspicious third party deposits.
Structural Regulation
RBI Consults on New Requirements for Benchmark Administrators
18/02/2019
The draft directions under consultation include requirements related to administrators’ minimum net worth, governance arrangements, and organisational structure, among other requirements.
Supervision & Enforcement
Philippines Expands Central Bank Supervisory Powers
18/02/2019
Amendments to the BSP’s charter will boost its capitalisation and extend its supervisory remit to all financial institutions in the country.
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