
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com

Crypto / Digital Assets
FSB Highlights NBFI, Crypto and DeFi as Key Priorities for 2023
21/02/2023
In a letter to G20 ministers, FSB chair Klaas Knot discusses commodity market vulnerabilities and work to address DeFi/crypto risks and enhance cross-border payments.

Australia Proposes to Enshrine Superannuation Objective in Law
21/02/2023
The Treasury says legislating an objective will provide stability and confidence that policy changes will be aligned with the purpose of the superannuation system.

Big Picture
CPMI Offers Guidance on Extending RTGS Operating Hours
21/02/2023
Extending RTGS system operating hours across jurisdictions would facilitate faster, cheaper, more accessible and more transparent cross-border payments.

Capital / Liquidity
China Tightens Rules for ‘Major’ Money Market Funds
21/02/2023
Money market funds with over CNY 200 billion in net assets or over 50 million investors will have to meet additional regulatory requirements and enhance their ability to resist risks.

Financial Firms Must Keep Better Accounting Records: NZ FMA
21/02/2023
The guidance is designed to help financial service providers address “emerging and persistent issues” in financial reporting, the FMA said.

Australia Proposes Enhanced Protections for SACC Consumers
21/02/2023
The amendments are designed to ensure consumers of SACCs and consumer leases are not left unable to meet their basic needs or other financial commitments.

Fintech / Regtech
Singapore, India Launch Real-time Payments Linkage
21/02/2023
The service is available in Singapore via DBS and Liquid Group, and in India via Axis Bank, DBS India, ICICI Bank, Indian Bank, Indian Overseas Bank and State Bank of India.

Enforcement
CBIRC Imposes Fines on Five Banks for Regulatory Violations
21/02/2023
China Construction Bank, Bank of China, Standard Chartered China, China Minsheng Bank and China Bohai Bank were fined a combined CNY 387.9 million.

Fintech / Regtech
RBI Launches Second Global Digital Innovation Hackathon
21/02/2023
The problem statements relate to digital banking services, priority sector lending, CBDC transactions, and blockchain scalability.

ESG / Sustainability
Bursa Malaysia to Drive Carbon Market Ecosystem Development
21/02/2023
A handbook on generating carbon credits will be developed, as well as a directory of carbon industry service providers to facilitate collaboration.
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