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
China Directs CPAs to Target Financial Fraud in Audits
18/10/2022
CPAs and accounting firms are directed to identify and fix weak links in their audit processes, and improve their ability to deal with financial fraud.
RBNZ Concludes First Consultation on Monetary Policy Remit
18/10/2022
Many respondents felt climate change should not be included in monetary policy decision-making, and that the RBNZ should increase its emphasis on price stability.
Securities / Derivatives
RBI Directs Bank to Reduce Activity in Offshore Rupee Market
18/10/2022
The RBI started allowing local banks to participate in the NDF market in 2020, but their activity is adding further downward pressure on the rupee.
Fintech / Regtech
HK Consumer Council Warns of Inadequate BNPL Protections
18/10/2022
The Consumer Council is calling on non-bank BNPL service providers to apply for a Money Lenders Licence and to implement consumer protection measures “as soon as possible”.
AML / KYC
NSW Regulator Imposes Max Penalty on Casino Giant The Star
18/10/2022
Casino giant The Star has been fined A$100mn and had its licence in NSW suspended due to its failure to prevent money laundering at its Sydney casino.
AML / KYC
Japan Cabinet Passes Bill to Strengthen AML System
18/10/2022
Crypto exchanges will be obliged to share information on users and screen customers against sanctions lists.
AML / KYC
HSBC Suspends Investment Services for Russian Clients in Hong Kong
18/10/2022
HSBC has reportedly sent a letter to most of its Russian retail clients in Hong Kong saying it is unable to provide them investment services because of sanctions imposed by the EU.
Securities / Derivatives
CME Group to Launch USD-denominated TOPIX Futures
18/10/2022
The new contract is designed to complement the existing JPY-denominated TOPIX futures contract launched in February 2018.
HKMA Revises Return Templates to Streamline Bank Reporting
18/10/2022
Banks are no longer required to report their top ten non-bank Mainland China exposures on an aggregate basis.
Enforcement
US FTC Expands Competition Probe Into Visa, Mastercard
18/10/2022
The FTC is investigating whether the security technology used by Visa and Mastercard raises the likelihood that payments over different networks will be rejected.
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