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
AML / KYC
Switzerland Aligns with EU in Latest Russia Sanctions
05/08/2022
The Swiss government is imposing a ban on buying, importing or transporting gold and gold products from Russia. Sberbank is also banned.
Crypto / Digital Assets
CME to Launch Euro-denominated Crypto Futures
05/08/2022
The new EUR-denominated contracts will provide more precise tools to trade and hedge exposure to Bitcoin and Ether, said CME’s Tim McCourt.
Big Picture
Activity-based & Entity-based Regulation Reinforce Each Other’s Effectiveness
05/08/2022
A new paper from the Financial Stability Institute says neither entity-based nor activity-based regulation is in and of itself the optimal choice.
ESG / Sustainability
NZX to Establish Corporate Governance Centre of Excellence
05/08/2022
Members of the new institute will deliver recommendations to NZX on its rule settings and CG Code to further enhance listed companies’ corporate governance practices.
Fintech / Regtech
BSP Green Lights Q3 Launch of GoTyme Digital Bank
05/08/2022
GoTyme Bank, a joint venture of digital banking group Tyme and members of the Gokongwei Group of companies, was awarded a Certificate of Authority.
Malaysia Unveils Details of New Consumer Credit Act
05/08/2022
A ‘Consumer Credit Oversight Board’ will be established as an independent authority to oversee all consumer credit activities including BNPL under a single umbrella.
AML / KYC
ACCC Raises Alarm Over Rising Fake Bond Scams
05/08/2022
Reported losses suffered by Australian victims of imposter bond scams increased by 265% to A$20mn in H1, compared to the same period last year.
Enforcement
Korea FSS Fines KakaoBank Over Remittance Service Failures
05/08/2022
The FSS said KakaoBank launched the new remittance service without proper testing, and provided prohibited loans to major shareholders.
ESG / Sustainability
APRA Reveals Findings of Climate Risk Management Surveys
05/08/2022
Survey responses from banks. insurers and super funds shows are “encouraging”. A key area for improvement is metrics and targets.
AML / KYC
New York State Regulator Penalises Robinhood Crypto Unit
04/08/2022
Robinhood Crypto had inadequate staffing of its AML programme, transaction monitoring deficiencies, and noncompliant cybersecurity policies.
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