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
AML / KYC
BNM Issues Draft Rules on Using e-KYC Solutions for Onboarding
24/02/2023
BNM encourages the use of e-KYC solutions that leverage AI, machine learning or other forms of predictive algorithms to ensure accurate identification and verification.
Market Infrastructure
FSB, CPMI Seek Nominations for Cross-border Payments Task Forces
24/02/2023
The FSB and CPMI are inviting firms to nominate senior representatives to two separate task forces that will focus on enhancing cross-border payments.
Securities / Derivatives
MAS Finalises New Corporate Finance Due Diligence Standards
24/02/2023
From 1 October 2023, corporate finance advisers will have to meet new minimum standards when conducting due diligence on transactions.
Market Infrastructure
DSB Announces Launch Dates for UPI Service
24/02/2023
The UPI UAT environment and a client onboarding and support platform will be available from 17 April, and the UPI production environment from 16 October.
Fintech / Regtech
Deutsche Bank Develops Investment Servicing Platform for Digital Funds
23/02/2023
The platform will make it easier for firms to launch and administer digital investment funds, which may comprise crypto, tokenised securities and other digital assets.
Securities / Derivatives
China Encourages Establishment of Property-focused PE Funds
22/02/2023
The pilot programme is aimed at boosting liquidity in the property sector. The CSRC is encouraging participation from foreign investors.
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.
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