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
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.
US Blacklists Six Chinese Entities Over Alleged Spy Balloons
13/02/2023
The economic restrictions will make it more difficult for the five companies and one research institute to obtain US technology exports.
Capital / Liquidity
China Tightens Risk Classification Rules for Banks’ Financial Assets
13/02/2023
Banks must classify “all financial assets that bear credit risk” according to the degree of risk, including bond investments, interbank assets, receivables, and off-balance-sheet assets.
Crypto / Digital Assets
UPDATED: NYDFS, SEC Scrutinise Paxos Over BUSD Stablecoin
13/02/2023
Paxos is the issuer of a Binance-branded stablecoin that ranks as the third-largest, as well as its own stablecoin called Pax Dollar, the sixth largest.
AML / KYC
Wolfsberg Group Updates CBDDQ, FCCQ, and Related Documents
13/02/2023
The CBDDQ updates include a new section on fraud and additional questions related to whistleblower policy, virtual bank licence, the approval of sanctions policy, and other changes.
Crypto / Digital Assets
South Korea Issues First Independent DPRK Sanctions
12/02/2023
The sanctions came hours after South Korea and the US released a joint cybersecurity advisory detailing the threat posed by North Korean ransomware actors.
AML / KYC
BIS Innovation Hub to Study Use of Data Technologies for AML
12/02/2023
Project Aurora will study privacy-enhancing technologies, machine learning methods, network analysis, the use of additional data sources, and “machine-readable typologies”.
Enforcement
US, UK Jointly Sanction Russian Ransomware Actors
12/02/2023
The first-of-its-kind joint action marks the first time suspected ransomware operators have been designated under the UK sanctions regime.
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