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
Data Privacy
China State Council Unveils 24 Measures to Lure Foreign Firms
14/08/2023
Measures include commitment to explore enhanced mechanism for cross-border data flows, and a “green channel” for foreign firms to carry out security assessments for the export of data.
Payments & Settlements
Myanmar Allows Thai Baht to be in International Payments
14/08/2023
Myanmar’s Military Council has designated the Thai Baht as a currency for both international payments and account clearing.
Trading & Investment
Shanghai INE to Launch New Container Freight Index Futures Contract
14/08/2023
Shanghai International Energy Exchange is launching the new futures contract to help firms hedge against fluctuations in container freight prices.
Trading & Investment
China Amends Index Fund Rules to Support ‘Technological Self-reliance’
14/08/2023
An index must only be in operation for three months before it can be used in the development of a fund product, compared to six months previously.
Conduct, Culture & Accountability
Taiwan FSC Fines CTBC Units for Governance Failures
14/08/2023
CTBC Financial was regularly inviting a major shareholder to attend group meetings and executive dinners, though he was not an authorised person.
AI Risk & Governance
RBI Awards AI-based SupTech Contract to McKinsey, Accenture
14/08/2023
The RBI invited expressions of interest last September. The $10mn contract has now been awarded to McKinsey and Accenture.
Conduct, Culture & Accountability
Korea: Bank CEOs to Face Possible Liability for Internal Control Lapses
14/08/2023
The FSC is working directly with lawmakers to fast-track a bill that would allow it to punish bank CEOs for embezzlement and other crimes that occur under their watch.
Structural Regulation
DBS Completes Acquisition of Citi Consumer Businesses in Taiwan
14/08/2023
DBS chief Piyush Gupta said the integration accelerates the bank’s consumer business growth in Taiwan by at least ten years.
KYC & CDD
SEBI Streamlines KYC Process for Securities Market Onboarding
14/08/2023
SEBI directs KRAs to verify client information so that they gain portability, and clients to skip repetitive KYC steps with different intermediaries.
PEPs & Sanctions
OFAC Sanctions Four Russians Linked to Alfa Group
14/08/2023
The four individuals have already been sanctioned by Australia, Canada, the EU, New Zealand, and the UK.
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