Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Enforcement
FDIC Faces Investigation Over Sexual Misconduct Allegations
19/11/2023
FDIC chair Martin Gruenberg, who headed the agency from 2011 to 2018, is under scrutiny for allowing widespread harassment to persist for over ten years.
Crypto / Digital Assets
Kazakhstan Launches CBDC Platform in “Pilot Mode”
19/11/2023
Second-tier banks and their clients can use the “digital tenge” for retail transactions and to test automated smart contracts for settlements.
Market Infrastructure
China Issues New Regulatory Ratings Framework for Trust Companies
19/11/2023
Trust companies with poor regulatory rating results will be subject to greater supervisory attention or more extreme measures.
Market Infrastructure
ASIC Consults Changes to the ABA Banking Code of Practice
19/11/2023
This is the first time ASIC has undertaken a public consultation before making a decision on approving the Banking Code of Practice.
Capital / Liquidity
MAS Finalises New Notice for FHCs With Insurance Subsidiaries
19/11/2023
The new notice covers requirements on capital adequacy, valuation of assets, and policy liabilities in respect of life business and general business.
Market Infrastructure
MAS Launches Payment Linkages with Malaysia, Indonesia
19/11/2023
The payment links are described as “significant milestones” to enable faster and cheaper cross-border payments and promote greater regional economic integration.
Crypto / Digital Assets
Korea: Major Political Party to Require Candidates to Disclose Crypto Holdings
18/11/2023
Information on prospective candidates’ crypto holdings will be made available to the public on an online platform ahead of Korea’s 2024 general election.
Market Infrastructure
China Drafts New Data Security Rules for Auditors
18/11/2023
The rules require auditors to improve data security management, and store audit working papers only within China’s borders.
Crypto / Digital Assets
GBBC Announces Merger with US Blockchain Coalition
18/11/2023
The US Blockchain Coalition will become a national initiative of GBBC, which will have nearly 600 institutional members post-merger.
Securities / Derivatives
Korea Unveils Proposed Reforms to Strengthen Short Selling System
17/11/2023
Under the proposals, institutional and retail investors will be subject to the same rules, and naked short selling can be penalised with a 10 year market ban.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team