Editors

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    Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com

    Articles by Editors

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    AML / KYC

    Singapore Passes Bill to Enable Data Sharing via COSMIC

    09/05/2023

    COSMIC will be rolled out in phases starting from H2 2024, enabling banks to alert one another about illicit activity involving their customers.

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    Market Infrastructure

    Philippine SEC Issues Guidelines on Financial Instrument Identifiers

    09/05/2023

    The SEC issued guidelines on the allocation of ISIN, CFI and FISN codes to financial instruments in the Philippines.

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    Enforcement

    US Authorities Investigating Short Sales of Banking Stocks

    09/05/2023

    SEC chair Gary Gensler said the agency would go after any form of misconduct that might threaten investors or markets.

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    Capital / Liquidity

    Fed Warns of Credit Contraction Resulting from Bank Stress

    09/05/2023

    Ongoing stresses in the banking system could lead to a broader contraction in credit, resulting in a “marked slowdown in economic activity”.

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    Securities / Derivatives

    HSBC Strikes Deal to Buy Out China Fund Management JV

    09/05/2023

    HSBC has reportedly signed an agreement to raise its stake in the joint venture from  49 to 100 percent, subject to regulatory approval and other conditions.

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    AML / KYC

    HK Companies Registry Issues AML Guidance for TCSP Licensees

    09/05/2023

    New guideline seeks to help trust or company service providers devise and implement policies, procedures and controls for AML/CTF.

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    Market Infrastructure

    RBNZ Proposes to Collect More Data on Cyber Incidents

    09/05/2023

    The RBNZ proposes to introduce mandatory reporting of all material cyber incidents within 72 hours, and periodic reporting of non-material incidents.

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    Enforcement

    Australia: Medibank Faces Four Class Actions Over October Cyberattack

    09/05/2023

    The Federal Court is expected to consolidate the class actions. Medibank is also facing an investigation from Australia’s privacy regulator.

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    Sanctions

    EU Commission Proposes Sanctions Against Chinese Companies

    09/05/2023

    The proposals also include sanctions on Iranian companies, measures to restrict sales of certain products to third countries, and powers to ban oil tankers that conceal their location.

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    Fintech / Regtech

    BIS to Test Quantum Resistant IT Environments for Financial System

    09/05/2023

    “Project Leap” will test the ability of a quantum-resistant algorithm to maintain the confidentiality of payment messages transmitted between Banque de France and Deutsche Bundesbank.

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