Editors

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

    Articles by Editors

    Capital / Liquidity

    Standard Setters Publish Review of Global Margining Practices

    30/09/2022

    Market volatility and model reactions to volatility were responsible for the majority of the peak increase in IM requirements in March and April 2020.

    Capital / Liquidity

    HKMA Consults on Pillar 3 Disclosure Requirements for Basel III

    30/09/2022

    Following consultation, the HKMA plans to submit revisions to the disclosure requirements in early 2023, ahead of Basel III implementation on 1 July 2023.

    AML / KYC

    Turkish Banks to Stop Using Russia’s Mir Payment System

    30/09/2022

    Three Turkish state banks will stop using the Mir system in response to guidance issued by OFAC earlier this month. Two others stopped last week.

    AML / KYC

    US SEC Penalises Oracle for FCPA Violations by Foreign Subsidiaries

    30/09/2022

    Oracle subsidiaries in Turkey, the UAE, and India used slush funds to bribe foreign officials in return for business between 2016 and 2019.

    Crypto / Digital Assets

    BIS Innovation Hub Nordic Centre Launches Retail CBDC Project

    30/09/2022

    The central banks of Israel, Norway and Sweden will develop a “hub” to which they will connect their domestic proof-of-concept CBDC systems.

    Fintech / Regtech

    Australia Proposes Framework to Enable CDR ‘Action Initiation’

    30/09/2022

    Consumers would be able to instruct businesses to make payments, open and close accounts, switch providers, and update personal details on their behalf.

    Securities / Derivatives

    FMSB, ASIC Agree to Jointly Promote Financial Market Integrity

    29/09/2022

    The FMSB will consult with ASIC on its annual strategy refresh and provide details about forthcoming drafts of proposed standards, statements of good practice and other publications.

    Enforcement

    SFC Suspends Hedge Fund Manager for Two Years

    29/09/2022

    The hedge fund manager used non-public information from a market sounding call to trade short swaps on a KRX-listed stock.

    Securities / Derivatives

    Korea Takes Emergency Measures to Stabilise Markets, Currency

    29/09/2022

    MOEF and BOK are buying government bonds to lower yields, and the FSC is preparing to reactivate a stock market stabilisation fund created during the Covid-19 pandemic.

    AML / KYC

    Japan to Adopt Travel Rule in Crypto in May 2023 – Report

    29/09/2022

    The FSA plans to submit amendments to the Act on Prevention of Transfer of Criminal Proceeds to a parliamentary session next week.

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