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
Fintech / Regtech
Singapore Fintechs to Get Support for Australia Expansion
02/05/2023
The SFA and Austrade signed an MoU that will help fintechs expand across borders. Support will be provided by Enterprise Singapore, HSBC and AWS.
Capital / Liquidity
BSP Launches Credit Risk Scoring Model for MSMEs
02/05/2023
The CRD Scoring Model will help lenders analyse the creditworthiness of MSMEs, including those without credit histories or adequate collateral.
Market Infrastructure
Indonesia, Korea to Use Local Currency in Bilateral Transactions
02/05/2023
BI and BOK will enable direct exchange rate quotations between the Korean won and the Indonesian rupiah in interbank trading.
Australia to Ban Use of Credit Cards for Online Gambling
02/05/2023
Bank Identification Numbers (BINs) will be used to identify and block credit card payments. The ACMA will enforce the ban.
Market Infrastructure
Singapore, US Run Cross-border Cybersecurity Exercise
02/05/2023
US Treasury and MAS tested information exchange protocols and incident response coordination for cyber incidents involving banks operating in both jurisdictions.
APRA, AFCA Sign MoU on Information Sharing and Cooperation
02/05/2023
The MoU sets out the basis for engagement between APRA and AFCA, including information sharing and other forms of cooperation and coordination.
Korean Lenders Agree to Address Frictions in PF Market
02/05/2023
Under the revised “PF Lenders Agreement”, creditors will be able to quickly reschedule debt and supply new funds if real estate projects being financed run into trouble.
ESG / Sustainability
Korea’s ESG Disclosure Rules Will be Consistent with Global Standards
02/05/2023
The FSC will seek to ensure consistency with global standards and major markets to reduce the burden for domestic firms.
Sanctions
India, Russia to Explore Cross-border Payment Linkages
02/05/2023
India agreed to explore the acceptance of Russian Mir cards, a link with Russia’s Faster Payments System, and adoption of Russia’s financial messaging system.
Sanctions
US Authorities Issues First ‘Wrongful Detention’ Sanctions
02/05/2023
Russia’s Federal Security Service, Iran’s Islamic Revolutionary Guard Corps Intelligence Organization, and four Iranian officials were designated.
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