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
Enforcement
China NFRA to Apply More Discretion in Penalty Decisions
13/12/2023
The NFRA says it will strictly abide by the principles of legality, proportionality, and due process when handing out penalties to banks and insurers.
Market Infrastructure
PBOC Establishes Yuan Clearing Arrangement With Serbia
13/12/2023
Agreements to establish yuan clearing arrangements have also recently been signed with Cambodia, Brazil, Kazakhstan, Laos and Pakistan.
Taiwan FSC Completes Review to Identify Outdated Regulations
13/12/2023
Nearly 9,000 letters and orders will be removed as of 20 December. Four new measures will be adopted in 2024 to improve the regulatory environment.
Capital / Liquidity
UK Releases Policy Statement on Basel III Implementation
13/12/2023
The statement covers the standards for market risk, CVA risk, counterparty credit risk, and operational risk. A second release in Q2 2024 will cover the remaining elements.
AML / KYC
AUSTRAC Announces Regulatory Priorities for 2024
13/12/2023
AUSTRAC will scrutinise the banking, gambling and remittance sectors, as well as crypto firms, payment platforms and non-bank lenders.
Securities / Derivatives
CSRC Grants StanChart Approval to Operate Securities Business
13/12/2023
Standard Chartered Securities (China) is authorised to conduct securities brokerage, securities dealing, securities underwriting, and securities asset management business.
Crypto / Digital Assets
NYAG Announces $22m Settlement With Crypto Firm KuCoin
13/12/2023
KuCoin is required to refund more than USD 16.7 million to New York investors and pay more than USD 5.3 million to the state.
Capital / Liquidity
BCBS Consults on Targeted Adjustments to IRRBB Standard
13/12/2023
The BCBS proposes adjustments to the calibration of the interest rate shocks in the IRRBB standard and the methodology used to calculate the shocks.
ESG / Sustainability
Climate Action Data Trust Launches Public Dashboard
13/12/2023
The dashboard incorporates datasets from Verra, Global Carbon Council, EcoRegistry, BioCarbon Registry, the UNFCCC’s Clean Development Mechanism, and Bhutan’s national registry.
AML / KYC
Korea Seeking Expanded Powers to Freeze Bank Accounts
13/12/2023
Authorities can already freeze accounts linked to voice phishing scams. Prosecutors are looking to expand this to target gambling and drug crime.
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