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
CBIRC Drafts Revisions to Loan Management Rules for Banks
10/01/2023
Among other measures, the rules set requirements on the maximum term of different types of loans, to help banks guard against maturity mismatch risks.
AML / KYC
PBOC Fines Three FIs a Combined $20m for AML Rule Violations
10/01/2023
China Merchants Bank, China Merchants Bank, UnionPay, and 26 of their responsible persons were fined for a total 31 regulatory violations.
ASIC: New Register to Specify Whether Advisers Provide Tax Advice
10/01/2023
AFS licensees are responsible for notifying ASIC by 1 February whether their financial advisers can provide tax (financial) advice services.
AML / KYC
Banks Can Perform Re-KYC Process Remotely, Says RBI
10/01/2023
If there is no change in a customer’s KYC information, only a self-declaration is required to complete the re-KYC process.
ESG / Sustainability
Independent Review Concludes ACCU Scheme is ‘Essentially Sound’
10/01/2023
Australia’s Climate Council said the review “ignores the elephant in the room”, namely that too many major emitters are buying ACCUs so they can “continue to pollute as usual”.
Sanctions
US Sanctions Iranian Executives Over Russia Drone Sales
10/01/2023
Six officers and board members of Qods Aviation Industries were designated over the use of Iranian drones by Russia to attack Ukrainian civilian infrastructure.
Securities / Derivatives
StanChart Completes First China Treasury Bond Futures Trade
10/01/2023
Standard Chartered Bank has become the first foreign bank to complete a transaction in China’s treasury bond futures market.
Market Infrastructure
BaFin Orders Deutsche Börse Entities to Remedy Deficiencies
10/01/2023
Business organisation and risk management deficiencies were identified at Eurex Clearing, Clearstream Banking and Clearstream Holding.
Crypto / Digital Assets
Singapore’s New Crypto Rules Too Restrictive, Says Industry Body
10/01/2023
A blanket ban on providing credit could push retail investors to lend their crypto tokens via unregulated offshore firms.
Crypto / Digital Assets
ECB Seeks Experts to Help Draft CBDC Rulebook
09/01/2023
The Rulebook Development Group will commence work in February 2023, comprising Eurosystem staff and market representatives with relevant experience.
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