Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Market Infrastructure
LME Consults on Reforms to Boost Confidence in Metals Market
31/05/2023
The proposed reforms include expanded reporting on stored metal, permanent measures to address low stock levels, and revised closing price methodologies.
Market Infrastructure
China to Boost Yuan Settlement in Africa Trade
31/05/2023
A new centre set up in Yiwu, Zhejiang Province, will expand the use of the yuan settlement in cross-border trade with Africa.
Capital / Liquidity
HKMA Consults on Output Floor, Credit Risk Framework
31/05/2023
The consultation focuses on the implementation of the revised credit risk framework and the output floor.
Enforcement
MAS Bans Former StanChart Adviser Following Forgery Conviction
31/05/2023
The former representative altered a document to falsely presenting another client as the account holder instead of the actual client.
AML / KYC
Perth Mint Misses AUSTRAC Deadline, CEO Resigns
31/05/2023
The delay was attributed to the complexity of the audit and the challenges in gathering the required information.
Capital / Liquidity
APRA, AUSTRAC Enter Enforceable Undertakings With BoQ
31/05/2023
For APRA’s enforceable undertaking, Bank of Queensland has to set aside an extra A$50mn in regulatory capital.
Market Infrastructure
CPMI Seeks Experts on Cross-border Payment APIs
31/05/2023
API experts are invited to join a new CPMI panel to work onharmonisation of API protocols used in cross-border payments.
AML / KYC
Australia: Crown Agrees to A$450m Penalty for AML Failures
31/05/2023
Crown admitted to AML/CTF breaches at its Melbourne and Perth casinos and agreed to pay A$450mn, subject to court approval.
ESG / Sustainability
ORX Launches New Greenwashing Scenario Toolkit
30/05/2023
The toolkit is designed to support banks and insurers in creating a greenwashing scenario and help them tackle ESG-related operational risk.
AML / KYC
SkyCity Adelaide Ordered to Review AML/CTF Programme
30/05/2023
SkyCity Adelaide ordered to report on how it is meeting its AML/CTF obligations, and appoint an independent monitor.
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