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
Conduct, Culture & Accountability
ASIC Publishes New Indigenous Financial Services Framework
19/02/2023
ASIC encourages the financial services industry to improve their understanding of First Nations peoples and embed this into their engagement approach.
Liquidity Risk
India to Establish Backstop Fund for Corporate Debt Market
19/02/2023
SBI Mutual Fund will administer the $4bn fund, which will be 90% funded by the government and 10% by asset managers.
PEPs & Sanctions
US, UK Sanction Bulgarian Nationals for Corruption Offences
19/02/2023
The UK issued sanctions under its Global Anti-Corruption Sanctions Regime. The US sanctions were imposed under the Magnitsky Act.
Anti-Money Laundering
All Crypto ATMs Operating in the UK Are Illegal: FCA
18/02/2023
No crypto ATM operators currently have FCA registration, but the locations of several such machines have been established by authorities.
Fraud, Scams & Cybercrime
Australia to Explore Introduction of SMS Sender ID Register
18/02/2023
The government has asked ACMA to investigate different SMS sender ID register models that can help prevent scams and to report back to the government.
Fraud, Scams & Cybercrime
Trafigura Suffers $577m Fraud Involving Fake Nickel Shipments
17/02/2023
156 containers that were supposed to contain nickel turned out to contain carbon steel, which is worth a fraction of the price.
Credit Risk
Korea to Improve System for Requesting Lower Loan Rates
17/02/2023
The right to request a lower loan interest rate was made law but acceptance of such requests in the financial sector has continued to be rare.
Market Data & Technology
China Trials Platform for Investors to Check Fund Holdings
17/02/2023
A “Fund E Account” platform will provide a “one-stop” service for individual investors to query information about all their holdings in public funds.
Structural Regulation
Australia Proposals to Regulate BNPL Gains Widespread Support
17/02/2023
AFCA has received more than 3,300 complaints against BNPL providers since 2018. ASIC supports regulating BNPL under the National Credit Act.
PEPs & Sanctions
China Sanctions US Defence Firms Over Taiwan Weapons Sales
17/02/2023
Lockheed Martin and a unit of Raytheon Technologies were added to China’s “Unreliable Entity List”. The notice requires both to pay fines.
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