Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
ESG / Sustainability
UNDP, MAS, GLEIF Launch Global Initiative to Boost MSME Finance
14/11/2023
The initiative proposes to create trusted credentials that characterise an MSME’s financing worthiness based on traditional and alternative data sets.
AML / KYC
Basel AML Index: AML/CFT Systems Have Become Less Effective
14/11/2023
The 2023 Basel AML Index highlights a drop in the effectiveness of AML/CFT systems and inadequate compliance globally with the FATF standards for virtual assets.
Securities / Derivatives
CSRC Revises Regulations Governing Inspections of IPO Applicants
14/11/2023
The revised regulations aim to strengthen the supervision of information disclosure of IPO companies, the regulator said.
ESG / Sustainability
Japan Launches ESG Information Portal, “JPX ESG Link”
14/11/2023
The platform collects direct links to the ESG-related information disclosed by TSE-listed companies and enables users to browse this information free of charge.
Capital / Liquidity
BSP Approves Rules for New Intraday Settlement Facility
13/11/2023
The facility will allow eligible participants to borrow funds from the BSP to ensure timely execution of RTGS settlements.
Enforcement
China Imposes Industry Wide Obligations to Prevent Crime Within Banks, Insurers
13/11/2023
New NFRA notice requires the establishment of internal controls and governance structures specifically designed to prevent criminal cases involving banks and insurers.
AML / KYC
Myanmar Receives Rating Upgrade for FATF Recommendation 14
13/11/2023
Myanmar made “minimal progress” but was re-rated on Recommendation 14 for its revised regulations for remittance businesses.
Crypto / Digital Assets
Singapore Crypto Lender Hodlnaut to Enter Into Liquidation
13/11/2023
Creditors rejected Hodlnaut’s restructuring plan, believing a liquidation would maximise the distribution of the remaining assets.
Market Infrastructure
Korea Considers Extending Short Selling Ban to Market Makers
13/11/2023
The FSC will first carefully examine the impacts such a move would have on investor protection and market development.
Enforcement
Former China Citic Bank President Gets Suspended Death Sentence
13/11/2023
A former China Merchants Bank president also pleaded guilty to bribery charges last week, and a new probe was launched into a former ICBC vice president.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team