Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Market Infrastructure
APRA to Defer Effective Date of New Operational Risk Standard
13/04/2023
APRA will move the effective date for the new operational risk management standard to 1 July 2025, one year later than was proposed.
Crypto / Digital Assets
FTX Has Recovered Over $7.3b in Cash & Liquid Crypto
13/04/2023
FTX attorney Andy Dietderich reportedly said the situation has stabilised and “the dumpster fire is out”.
AML / KYC
UK Tables Amendment to Introduce ‘Failure to Prevent Fraud’ Offence
13/04/2023
Prosecutors will be able to hold large companies to account if they do not have reasonable measures in place to prevent fraud by an employee.
ESG / Sustainability
Bursa Malaysia, PETRONAS Partner to Drive ESG Adoption
13/04/2023
PETRONAS, the largest corporate entity in Malaysia, will participate as an early adopter of Bursa Malaysia’s Centralised Sustainability Intelligence Platform.
Goldman to Offer Treasury Services to Japan Corporates
13/04/2023
Japan will be the first country in Asia where Goldman will offer transaction banking. The service is already offered in the US, UK, Germany and Netherlands.
Securities / Derivatives
Malaysia to Launch Capital Market Graduate Programme
13/04/2023
The programme aims to improve the knowledge and employability of 9,000 university graduates to address a deficit of skilled talent in the capital market.
Taiwan FSC Signs Supervisory Cooperation MoU with NYDFS
13/04/2023
The MoU covers information sharing, financial inspections, disciplinary actions, licensing approvals, and confidentiality related to supervisory duties.
Crypto / Digital Assets
Hong Kong Doubles Down on Pledge to Develop Web3
13/04/2023
Financial Secretary Paul Chan said crypto market volatility provides an opportunity for Web3 development. SFC official said DeFi platforms require licensing.
Capital / Liquidity
Recent Banking Sector Turmoil to Inform FSB’s Policy Work
12/04/2023
FSB working with BCBS to analyse and learn from recent banking sector turmoil. Cyber incident reporting recommendations also finalised.
Enforcement
SFC Fines Ninety One HK Unit for Unlicensed Futures Dealing
12/04/2023
Ninety One did not have a Type 2 (dealing in futures contracts) licence, believing it could rely on SFO exemptions to deal in futures contracts.
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