Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Fintech / Regtech
MAS Says Risk of ‘Herding’ from AI Use is Low
02/08/2023
MAS chairman Lawrence Wong addressed queries on the impact of AI on trading platforms in financial markets.
Enforcement
RBI Fines State-run Energy Firms for Reporting Foreign Investments Late
02/08/2023
The RBI fined the four companies a combined $240mn for their delay in reporting overseas investments.
Fintech / Regtech
UK to Develop New Data Standards for Regulatory Reporting
02/08/2023
The BOE and FCA have endorsed key recommendations that will transform regulatory data collections in the UK.
Securities / Derivatives
HKEX Will No Longer Single Out ‘China Risk’ in Issuer Disclosures
02/08/2023
HKEX removed specific requirements for issuers to disclose China-related risks, to align its requirements across all overseas-incorporated companies.
Chinese Regulators Ask Banks to Postpone Dollar Purchases – Report
02/08/2023
The window guidance is the latest in a series of steps taken by Chinese authorities this year to bolster the yuan.
Crypto / Digital Assets
US SEC Files Charges Over $1bn in Unregistered Crypto Securities Offerings
01/08/2023
Richard Heart misappropriated at least $12mn of offering proceeds to purchase luxury goods, including the largest black diamond in the world.
New Consumer Duty Regime Enters into Force in UK
01/08/2023
The FCA says firms should be open and honest, avoid harm, and support consumers in pursuing their financial goals.
Capital / Liquidity
Indian Banks Preemptively Preparing for Shift to ECL Model
01/08/2023
Some Indian banks are setting aside fresh provisions in anticipation of the planned implementation of the Expected Credit Loss framework.
Securities / Derivatives
CFFEX Seeks Greater Market Participation from Institutional Investors
01/08/2023
CFFEX will roll out new training, technology and incentives to better support intermediaries in servicing mid- and long-term institutional investors.
Market Infrastructure
Bangladesh Halts InterBank Transactions Due to RTGS System Glitch
01/08/2023
Bangladesh’s RTGS system faced technical issues, halting inter-bank transactions. Transactions through the RTGS system resumed the next day.
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