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
HKMA Set to Implement New Rules for Trust Business
03/05/2023
Banks must report by 15 May on whether they and/or their subsidiaries carry on trust business in Hong Kong. The new rules commence on 1 June.
ESG / Sustainability
Australia: Taxonomy Needed to Effectively Combat Greenwashing
03/05/2023
Minister Stephen Jones said ASIC will only be able to catch the most egregious examples of greenwashing unless Australia gets its taxonomy right.
AML / KYC
SEBI Mandates LEI Reporting Requirement for Debt Issuers
03/05/2023
Issuers of listed non-convertible securities, securitised debt instruments and security receipts must obtain and report their LEI by 1 September.
AML / KYC
Taiwan to Release New Rules for Crypto in September
03/05/2023
The FSC is creating a new bureau that will be dedicated to the crypto sector, adding to its four existing bureaus.
Crypto / Digital Assets
OFAC Fines Crypto Firm Poloniex for 66,000 Sanctions Violations
03/05/2023
Poloniex allowed customers located in Crimea, Cuba, Iran, Sudan, and Syria to engage in online digital asset-related transactions worth $15.3mn.
Enforcement
HK Court Freezes Assets of Former Morgan Stanley Manager
03/05/2023
The former manager used inside information from a deal Morgan Stanley was advising on to generate HK$4.2mn in profits for herself and a friend.
Fintech / Regtech
Hong Kong Virtual Banks Saw Narrower Losses in 2022 – Report
02/05/2023
ZA Bank and Mox Bank have the largest customer bases. None of the eight virtual banks are profitable yet, but their losses have mostly narrowed.
Fintech / Regtech
Singapore Fintechs to Get Support for Australia Expansion
02/05/2023
The SFA and Austrade signed an MoU that will help fintechs expand across borders. Support will be provided by Enterprise Singapore, HSBC and AWS.
Capital / Liquidity
BSP Launches Credit Risk Scoring Model for MSMEs
02/05/2023
The CRD Scoring Model will help lenders analyse the creditworthiness of MSMEs, including those without credit histories or adequate collateral.
Market Infrastructure
Indonesia, Korea to Use Local Currency in Bilateral Transactions
02/05/2023
BI and BOK will enable direct exchange rate quotations between the Korean won and the Indonesian rupiah in interbank trading.
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