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
Korea FSC to Further Enhance Interest Rate Disclosures by Banks
12/03/2023
Banks will be required to disclose their interest rates based on their balance of lending and deposits, which will show the profitability of each bank.
Market Infrastructure
CSRC Finalises New Cybersecurity Rules for Securities, Futures Industry
12/03/2023
The rules include requirements relating to stress testing, data backups, emergency response measures, and management of third-party suppliers.
Market Infrastructure
CFTC to Develop Stronger Rules to Address Cyber Risk
12/03/2023
The CFTC is seeking to require derivatives dealers to exercise more due diligence and oversight of the third-party service providers.
Market Infrastructure
RBI Calls for Fair Pricing, Transparency in FX Market
11/03/2023
The RBI has urged banks and FEDAI to ensure fair and transparent pricing for MSMEs and retail customers in the FX market.
Crypto / Digital Assets
Thailand Offers Tax Breaks to ICO Issuers and Investors
10/03/2023
Under a draft royal decree approved by lawmakers, corporate income tax and VAT will be waived for companies issuing digital tokens for investment purposes.
AML / KYC
BOT Announces Additional Measures to Combat Financial Fraud
10/03/2023
“Near real-time” monitoring systems must be implemented that can detect and immediately freeze suspicious transactions, among other measures.
Capital / Liquidity
APRA Proposes Changes to Quarterly ADI Performance Publication
10/03/2023
The proposed changes are meant to align the QADIP publication with the new capital framework and ensure consistency with the ADICP.
Enforcement
OFAC Cracks Down on Entities Helping Iran Evade Sanctions
10/03/2023
The sanctions target entities in China, Hong Kong, Singapore, Malaysia and elsewhere for helping Iran evade sanctions and supplying critical components for its drones.
AML / KYC
1MDB: Ex-Goldman Banker Sentenced to 10 Years in Prison
10/03/2023
Prosecutors had sought a 15 year sentence for Roger Ng, saying he was a central player in the “brazen and audacious scheme” to steal billions of dollars from 1MDB.
Securities / Derivatives
Credit Suisse Approved to Launch China Wealth Management Business
10/03/2023
Credit Suisse has received investment consultancy and proprietary trading licences, and an expansion of its brokerage licence.
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