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
Securities / Derivatives
Chinese SOEs Being Asked to Stop Using Big Four Auditors
22/02/2023
Chinese SOEs are being asked to allow their contracts with the big four audit firms to expire and use local accountants instead.
AML / KYC
AUSTRAC Accepts Enforceable Undertaking from Cash Converters
22/02/2023
The personal finance company’s AML/CTF programme was not properly implemented and did not include sufficient details on transaction monitoring and CDD.
Enforcement
Wells Fargo, HSBC Drawn into SEC Whatsapp Probe
22/02/2023
Wells Fargo said regulators are investigating its compliance with records-retention requirements. HSBC said it is close to a settlement with regulators.
Market Infrastructure
14 European Exchanges Join Forces to Develop Consolidated Tape
22/02/2023
The participating exchange groups include Deutsche Boerse Group, Euronext, Nasdaq, and SIX Group, as well as the local exchanges in several European cities.
ESG / Sustainability
China to Create Framework for Mandatory ESG Disclosures
22/02/2023
Regulators may initially introduce the new ESG disclosure requirements on a “comply or explain” basis before transitioning to a fully mandatory framework.
AML / KYC
Singapore MHA to Amend Laws to Tackle Money Mules
22/02/2023
MHA is also looking to introduce new provisions and penalties to the CDSA to make individuals more accountable and curb the abuse of Singpass.
Crypto / Digital Assets
Australian Crypto Exchange Reopens After FTX Loss
22/02/2023
Customers of Digital Surge are allowed to make deposits, withdrawals, and trade, months after AUD 33 million of its digital assets became locked up in FTX.
Fintech / Regtech
RBI Publishes Full List of Payment Aggregator Approvals
22/02/2023
This is the first time the RBI has published a list of entities that sought approval to act as online payment aggregators.
Korean Regulators to Target Unfair Terms in Financial Contracts
22/02/2023
The FSS and FTC called on financial firms to prevent unfair contractual terms, pledging to ramp up oversight to better protect consumers.
Crypto / Digital Assets
Digital Assets Industry is Shifting Focus to “Real Utility”: Report
22/02/2023
New report from Oliver Wyman, Elevandi and MAS says the downturn in the digital assets ecosystem could mark an inflection point.
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