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
Sanctions
Bangladesh Banks Directed to Stop Transacting With Myanmar State Banks
07/09/2023
Citing US sanctions, Bangladesh Bank instructed banks to stop transacting with Myanma Foreign Trade Bank and Myanma Investment and Commercial Bank.
China Passes Law Allowing Citizens to Sue Foreign Countries
07/09/2023
The previous law gave “absolute immunity” to foreign countries and their property, preventing any cases in Chinese courts against them.
AML / KYC
UK FCA Launches Review of Treatment of PEPs
07/09/2023
The FCA said it will take “prompt action” if any significant deficiencies are identified in the arrangements of any firm assessed in the review.
Fintech / Regtech
SEBI Developing AI Tool to Detect Fund Mis-selling
07/09/2023
The AI tool will be able to detect misselling that may go unnoticed using “rule-based supervision”, said SEBI chairperson Madhabi Puri Buch.
ESG / Sustainability
International Bodies Publish New Guidance on Blue-Themed Bonds
07/09/2023
The guidance provides market participants with clear criteria, practices, and examples for “blue bond” lending and issuances.
Market Infrastructure
Australian Parliament Passes Financial Accountability Regime Bill
07/09/2023
The FAR replaces and extends the BEAR by imposing new accountability obligations on insurers, banks, super funds, and their senior executives.
Fintech / Regtech
Grab-Singtel Digital Bank Approved for Launch in Malaysia
07/09/2023
GXBank, backed by Grab, Singtel and Kuok Brothers, has become the first digital bank applicant to win approval to commence operations.
Crypto / Digital Assets
Korea: Hana Bank, BitGo to Jointly Develop Crypto Custody Business
07/09/2023
Hana Bank says the custody business will help strengthen trust in the domestic digital asset market and reinforce consumer protection.
Fintech / Regtech
RBI Calls on Fintech Industry to Establish Self-Regulatory Body
07/09/2023
The RBI’s Shaktikanta Das and T Rabi Sankar said an SRO would be the best way to regulate the fintech industry and establish best practice standards.
Capital / Liquidity
FSB Warns of Financial Stability Risks from ‘Hidden’ NBFI Leverage
07/09/2023
The FSB has identified pockets of high leverage in the NBFI sector and outlines policy implications to address these vulnerabilities.
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