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
Philippines Sets Temporary Replacement Rate for LIBOR
23/06/2023
The temporary O/N reference rate to replace LIBOR will be based on the 28-day BSP bill rate. A permanent benchmark and “credible” yield curve will be developed by January 2024.
Fintech / Regtech
FSB Consults on Third-Party Risk Management Toolkit
23/06/2023
The toolkit has been developed amid a growing reliance on third-party service providers for critical financial sector operations.
AML / KYC
OCBC Launches Digital Account Opening Service for Foreign Consumers
23/06/2023
Customers who plan to relocate to Singapore from Malaysia, Indonesia, mainland China and Hong Kong can open OCBC bank accounts digitally.
Sanctions
US Sanctions Myanmar Ministry of Defence, Two State Banks
23/06/2023
OFAC said the two banks facilitate foreign currency exchanges that enable the military regime to buy weapons from foreign markets and entities.
AML / KYC
Senate Committee to Investigate Perth Mint’s AML Compliance
22/06/2023
The Senate voted to set up the inquiry into Perth Mint, without support from the federal Labor government.
Fintech / Regtech
ASIC Chair Cautions Against Hasty Implementation of AI Tools
22/06/2023
ASIC plans to extend its automated order processing rules to futures markets and update its electronic trading guidance to reflect developments with AI.
Enforcement
SEBI Settles With NSE Over 2021 Trading Glitch
22/06/2023
NSE and NSE Clearing have to pay a combined $8.9mn to end proceedings over a 2021 glitch that cause a complete trading halt for over three hours.
AML / KYC
China CCDI Analyses Corruption Cases at China Development Bank
22/06/2023
CCDI attributed CDB’s corruption problem to a lack of self-discipline among its leaders, inadequate internal governance and control, and a “backward” corporate culture.
Market Infrastructure
CSRC Issues Guidelines to Improve Bond Registration System
22/06/2023
The guidelines streamline the debt issuance process, enhance information disclosure requirements, and tighten the responsibilities of issuers and intermediaries.
Crypto / Digital Assets
Wall Street Firms Launch New Crypto Exchange, EDX Markets
22/06/2023
EDX Markets is backed by Charles Schwab, Citadel Securities, Fidelity Digital AssetsSM, Paradigm, Sequoia Capital, and Virtu Financial, among others.
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