Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Capital / Liquidity
RBI Revises Rules for Asset Reconstruction Companies
16/10/2022
Under the new framework, ARCs can act as resolution applicants under the Insolvency and Bankruptcy Code.
AML / KYC
Singapore: SMS Sender ID Registration to Become Mandatory
15/10/2022
All non-registered SMS sender IDs after 31 Jan 2023 will be channelled to a sender ID with the header “Likely-SCAM”.
Fintech / Regtech
Thai SEC Launches New E-Licensing Services Pilot
15/10/2022
The services will initially allow online submissions of applications for two types of licenses. Full e-licensing services will launch in Q1 2023.
Capital / Liquidity
RBI Directs Banks to Treat Certain Rated Exposures as Unrated
15/10/2022
Banks must treat corporate and NBFC exposures as if they were unrated if the lenders’ details are not disclosed in rating actions.
Crypto / Digital Assets
Thai SEC Orders Bitkub to Fix Standards of Native Token
15/10/2022
The SEC says KUB Coin’s so-called “adminTransfer” function could be used by attackers to transfer digital assets from any wallet.
BSP Directs FIs to Bolster Email Security, Cyber Awareness
15/10/2022
Financial institutions are directed to adopt “robust and layered” security controls and industry best practices to reinforce email security.
Australia’s First Islamic Bank Prepares for Limited Launch
14/10/2022
Customers will be charged rent while living under the bank’s share of a property, rather than paying interest.
AML / KYC
Glencore Facing Investor Lawsuits Following Bribery Conviction
14/10/2022
Sovereign wealth funds from the UAE, Kuwait and Norway, along with Abrdn, HSBC, Standard Life and others are among the claimants.
Capital / Liquidity
Taiwan Allows Insurers to Reclassify Assets Using IFRS 9
14/10/2022
Reclassification of assets under IFRS 9 will enable insurers to mitigate the effects of rate hikes on their financial ratios.
Market Infrastructure
CME Confirms 14 April 2023 for Conversion of Eurodollar F&O
14/10/2022
CME will amend its eurodollar futures and options fallback rules to set the conversion date to 14 April 2023.
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