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
Market Infrastructure
Wealth Connect Hindered by ‘Narrow Range of Products’
16/08/2023
Market participants are looking for regulators to extend the Wealth Management Connect scheme to more products and well as widen its sales channels.
Fintech / Regtech
Taiwan FSC Consults on AI Use Principles for Financial Industry
16/08/2023
The six core principles cover governance, fairness, privacy, security, transparency and sustainable development.
Enforcement
Hong Kong IA Bans Ex-StanChart Agent for Six Months
16/08/2023
The agent doctored a DDA form because the client’s signature was missing on one page. The SFC previously disciplined the same individual.
Fintech / Regtech
HKMA Asks Banks to Participate in New Data Sharing Initiative
15/08/2023
The Interbank Account Data Sharing Initiative will enable banks to share bank account data with other banks, subject to customer consent.
AML / KYC
Ex-FBI Agent Admits He Worked for Sanctioned Russian Oligarch
15/08/2023
Charles McGonigal, one of the highest-ranking FBI agents to ever face criminal charges, entered a guilty plea on Tuesday in New York.
AML / KYC
HKMA Fines EFG Bank Over AML Control Deficiencies
15/08/2023
The bank failed to complete identity verification for customers that were transferred in from another FI and had other issues related to CDD and ongoing monitoring.
Fintech / Regtech
Taiwan FSC to Establish New Rules for Robo-Advisor Services
15/08/2023
Robo wealth management services are currently being offered by 16 financial institutions. Legislation will be ready in H1 2024.
ESG / Sustainability
RBNZ Publishes ‘Too Little, Too Late’ Climate Stress Test Scenario
15/08/2023
The climate stress test scenario is titled ‘Too Little, Too Late’ because of the lengthy delay in enacting meaningful global climate policies.
Market Infrastructure
Shanghai, Shenzhen Bourses Pledge Measures to Stimulate Markets
15/08/2023
The measures are designed to stimulate market vitality, enhance transaction convenience and smoothness, and continuously improve market attractiveness.
Crypto / Digital Assets
US Prosecutors File Amended Indictment Against Sam Bankman-Fried
15/08/2023
The new indictment drops a campaign finance charge but includes an illegal campaign finance scheme as part of original fraud and money laundering charges.
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