Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Fintech / Regtech
FSTB, SFC Declare Support for STO Business in Hong Kong
19/09/2022
The SFC’s Elizabeth Wong said firms that are interested in STOs are encouraged to discuss their proposals with the regulator’s Fintech unit.
Capital / Liquidity
Basel III to Have Muted Capital Impact in APAC: Fitch
19/09/2022
The impact of the final rules will be much lower in APAC than in Europe and the US because APAC jurisdictions rely less on internal models, Fitch says.
Crypto / Digital Assets
CyberSecurity Malaysia, MX Global Partner on Digital Assets
19/09/2022
The collaboration includes research and development, joint solution development, and cyber risk training and awareness programmes.
ESG / Sustainability
Taipei Exchange Lists First Two Sustainability-linked Bonds
19/09/2022
Taiwanese conglomerate Far East New Century and chemicals company Chi Mei Corp issued TPEx’s first two sustainability-linked bonds on Wednesday.
BNM Approves UOB Acquisition of Citi’s Malaysia Business
19/09/2022
UOB subsidiaries reached agreements in January to acquire Citigroup’s consumer banking businesses in Malaysia, Indonesia, Thailand and Vietnam.
Enforcement
Bank of East Asia Exec Detained in China for Taking Bribes
19/09/2022
The executive is accused of breaching credit rules and issuing loans in exchange for bribes. It is uncommon for executives of overseas banks to be detained in China.
Securities / Derivatives
Rosneft Becomes Third Russian Firm to Issue CNY Bonds
19/09/2022
The Rosneft deal marks the biggest bond sale ever by a Russian business. RUSAL and gold producer Polyus also recently issued yuan-dominated bonds.
Securities / Derivatives
Taiwan to Hold Directors Responsible for Fund Manager Fraud
19/09/2022
The FSC will be able to dismiss board members of investment firms or revoke their business licences entirely if fund managers are involved in fraud.
Market Infrastructure
Bangladesh Allows Banks to Maintain Nostro Accounts in CNY
19/09/2022
The move will reduce Bangladesh’s reliance on the US dollar in foreign trade transactions and save costs for businesses.
Securities / Derivatives
CSRC Issues Draft Rules on Futures Exchange Regulation
19/09/2022
The draft rules adopt changes to align with China’s new Futures and Derivatives Law in relation to governance and risk management, among other areas.
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