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
Fraud, Scams & Cybercrime
Korea: FSS Uncovers More Embezzled Funds at BNK Kyongnam Bank
21/09/2023
The FSS determined that around $223mn was embezzled by a bank employee, more than five times the amount initially reported.
Data Privacy
RBI Expands Scope of Data Quality Benchmarking Requirements
21/09/2023
Credit information companies directed to establish data quality index for commercial and microfinance segments.
Conduct, Culture & Accountability
New Zealand Issues Guidance on Helping Vulnerable Customers
21/09/2023
Financial service providers should be “proactive” about identifying and helping customers who are experiencing, or likely to experience, financial difficulty.
Trading & Investment
PBOC Relaxes Restrictions on Gold Imports – Report
21/09/2023
The PBOC has relaxed curbs on gold imports that were imposed on banks in August to defend the yuan.
Cybersecurity
HK Cyberport Data Breach Prompts Discussions of New Cybersecurity Law
21/09/2023
An estimated 400 gigabytes of data was compromised, including the personal information of Cyberport staff and several startups.
Resolution & Recovery
FSB Proposes Toolbox of Financial Resources and Tools for CCP Resolution
21/09/2023
New consultation report proposes a “toolbox approach” as a global standard for CCP financial resources and tools for resolution.
Trading & Investment
Tokyo Bourse Announces Decision to Extends Trading Hours
21/09/2023
The TSE will extend the closing time from 3pm to 3.30pm, coinciding with the launch of Arrowhead 4.0 on 5 November 2024.
Capital Adequacy
MAS Finalises Notice for Implement Basel III Reforms
21/09/2023
The revised MAS Notice 637 will be effective from 1 July 2024. An additional year is provided for compliance with revised market risk and CVA standards.
Structural Regulation
US SEC Adopts Amendments to Fund Naming Rules
21/09/2023
The new rules will help ensure that a fund’s portfolio aligns with a fund’s name and help to better protect investors, said SEC chair Gary Gensler.
Clearing & Post-Trade
JSCC Allows MTFs and SEFs to Clear Swaps Without Take-up Process
21/09/2023
Tradeweb said the decision to replace the “time-consuming and redundant” take-up process will enable clients to benefit from fully automated workflows.
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