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
CSRC Releases Four New Standards for Securities Industry
14/02/2023
The standards include new penetrating testing guidelines which the CSRC says will strengthen the security of information systems in the industry.
Big Picture
ECB Concerned with Russia Exposures, Bad Debt Risks
14/02/2023
The ECB says it would welcome more exits from Russia by eurozone banks, and that higher borrowing costs could lead to a build-up of bad loans.
Market Infrastructure
Japan, EU Establish Cooperation Framework on Insurance Supervision
14/02/2023
The cooperation framework promotes mutual understanding, exchange of information and technical assistance between the FSA and EIOPA.
AML / KYC
FCA Investigating Barclays for KYC and AML Incidents
14/02/2023
The FCA reportedly directed Barclays to undergo an independent review due to concerns about a large volume of KYC and AML incidents.
Enforcement
Singapore Charges Former UOB Banker for Selling Fake Products
13/02/2023
The former personal banker induced a victim into transferring funds for investment in fixed deposits and financial products that were never made.
Market Infrastructure
CFIUS Confirms ‘Excepted Foreign State’ Status for UK, New Zealand
13/02/2023
UK and New Zealand investors do not have to undergo national security reviews for noncontrolling investments in the US.
Market Infrastructure
IAIS Consults on New Guidance for Policyholder Protection Schemes
13/02/2023
The paper describes current practices and is intended to serve as a guide for jurisdictions considering establishing a PPS or modifying an existing PPS.
Trust in Singapore Banks Increases for Second Year Running
13/02/2023
The ABS Culture and Conduct Steering Group will seek to further build trust by strengthening digital banking security and highlighting banking practices that may compromise consumers.
Capital / Liquidity
US Bank Stress Tests to Feature New ‘Exploratory Market Shock’
13/02/2023
The ‘exploratory market shock’ will be an additional component of the 2023 stress test, applied to the trading books of the eight largest US banks.
Fintech / Regtech
HSBC Launches Multicurrency Payment Platform for E-Commerce
13/02/2023
The platform allows e-commerce businesses in Hong Kong to receive payments from overseas customers in six currencies within minutes.
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