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
Anti-Money Laundering
Wolfsberg Group Updates Guidance on Correspondent Banking
28/10/2022
The updated Financial Crime Principles for Correspondent Banking includes guidance on what respondent banks may face when seeking a correspondent banking relationship.
Payments & Settlements
SWIFT Defers ISO 20022 Migration to March 2023
28/10/2022
The new start date is aligned with the ECB’s decision to delay the launch of T2. The new 20 March 2023 start date is “definitive”, SWIFT said.
Trading & Investment
HKEX Suspends VCM on HSI Futures Due to Software Issue
28/10/2022
An external vendor is preparing a software update to fix an issue that caused the VCM to be inadvertently triggered on Tuesday.
Climate Risk
SGX to Launch Futures Based on MSCI Climate Action Indexes
28/10/2022
Futures contracts based on MSCI’s new Climate Action Indexes will help investors reduce the carbon footprint of their portfolios and drive investment into climate transition efforts.
Credit Risk
HKMA Streamlines Requirements on Use of Tech in Lending
28/10/2022
The streamlined requirements will help lenders accelerate the adoption of advanced data analytics in credit underwriting.
Liquidity Risk
BOK Offers More Measures to Stabilise Korean Markets
28/10/2022
BOK eased its collateral policies and opened a new repo facility. The FSC adjusted the loan-to-deposit ratio. KSFC and KDB are providing liquidity to securities firms.
Structural Regulation
Australia Increases Penalties for Anti-Competitive Conduct
28/10/2022
Maximum penalties for companies can be as high as A$50mn, three times the benefit derived from a breach, or 30% of annual turnover.
Conduct, Culture & Accountability
SGX RegCo Consults on Independent Director Tenure Limit
28/10/2022
The consultation also proposes to require listed companies to disclose director and CEO remuneration in annual reports on a named basis.
Conduct, Culture & Accountability
ASIC Calls Out Noncompliance With Breach Reporting Regime
28/10/2022
Not enough licensees are reporting, and they are taking too long to identify breaches, investigate them, and finalise remediation.
Structural Regulation
HKMA Confirms Health Arrangements for Upcoming Financial Forum
28/10/2022
Hong Kong Financial Secretary Paul Chan, who is due to deliver a keynote speech at the event, has tested positive for Covid-19 while in Saudi Arabia.
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