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
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.
Enforcement
CSRC Probes Singapore Unit of Chinese PE Firm Hillhouse Capital
13/11/2023
The CSRC is investigating whether HHLR Management violated share transfer rules by disposing of shares in LONGi Green Energy Technology.
Fintech / Regtech
CSRC Seeks Greater Standardisation in Securities, Futures Industry
13/11/2023
Greater standardisation will ultimately reduce overall costs to market participants in the securities and futures industry, the CSRC said.
Enforcement
ASIC Fines HESTA Super Fund for “Misleading” Advertising
13/11/2023
HESTA performance figures used in Facebook and Instagram ads and in a webinar did not specify the period the figures related to.
AML / KYC
Cambodia Receives Rating Upgrade for FATF Recommendation 7
13/11/2023
Cambodia’s rating was upgraded due to a law that implements targeted financial sanctions for WMD proliferation and financing.
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