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
KYC & CDD
RBI Fines Amazon Pay’s India Unit for Breaching Local Norms
09/03/2023
Local reports say Amazon Pay as well as other fintech players are being penalised for delays in migrating to video-based KYC.
Cryptocurrency
Court Allows Binance.US to Buy Voyager Despite SEC Objection
09/03/2023
The court said the SEC’s objection was “vague”, that it failed to present any evidence, and that it should not have waited until the last minute to raise its concerns.
Fraud, Scams & Cybercrime
HK Losses from Crypto Scams Exceeded $200m in 2022
08/03/2023
Financial losses from crypto-related scams accounted for more than half of the total value lost through technology crime last year, police say.
Sustainable Finance
Malaysia Roll Outs of First “Greening Value Chain” Programme
08/03/2023
The initiative, announced last November, is designed to provide technical assistance and funding to help SMEs decarbonise their operations.
Credit Risk
CBIRC Amends Policy on Joint Lending by Banking Institutions
08/03/2023
The move is aimed at stopping companies from using multiple banks to obtain “excessive financing”, and helping banks to strengthen credit management and risk controls.
Data Privacy
South Korea Approves Amendments to Data Privacy Law
08/03/2023
The amendment introduces new rights for data subjects, such as the right to data portability, and the right to object to automated decision-making.
Trading & Investment
LME Facing Three New Lawsuits Over Cancelled Nickel Trades
08/03/2023
In one new lawsuit, AQR Capital Management and four other hedge funds are claiming almost $100mn in damages.
Structural Regulation
China Plans Structural Overhaul of Financial Sector Regulators
08/03/2023
A new national financial regulatory authority will be established, absorbing the CBIRC and taking over some functions from the PBOC and CSRC.
PEPs & Sanctions
Russia Extends Restrictions on FX Withdrawals, Overseas Transfers
08/03/2023
The restrictions are being preserved due to the sanctions that prohibit Russian financial institutions from buying western countries’ cash, the central bank said.
Sustainable Finance
GASLA Issues Updated Framework for ESG and Securities Lending
08/03/2023
The updated framework provides offers guidance to help financial institutions evaluate securities lending in the context of their ESG policies.
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