Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
AML / KYC
FATF Re-rates UK for Progress on Correspondent Banking
14/06/2022
The FATF also commends the UK for progress made to expand its FIU’s ability to conduct operational analysis.
Crypto / Digital Assets
Australia: New Govt to Push Ahead with BNPL, Crypto Regulation
14/06/2022
The government will also continue a consultation process started by Josh Frydenberg on a regulatory framework for the crypto sector.
Securities / Derivatives
TAIFEX to Launch Semiconductor, Logistics Futures
14/06/2022
The new contracts are a response to heightened market demand for industry-specific risk management tools, TAIFEX says.
Fintech / Regtech
RBI to Allow Credit Cards to Link to UPI System
14/06/2022
Allowing credit cards to link with the UPI will provide consumers more payment options and greater convenience, the RBI said.
Crypto / Digital Assets
Bangladesh Bank to Assess Feasibility of Introducing CBDC
14/06/2022
A CBDC is needed to facilitate the growth of digital transactions and encourage startups and e-commerce businesses, the finance minister said.
AML / KYC
Japan, Singapore to Explore Mutual Recognition of Digital Identity
14/06/2022
Mutual recognition of digital identity credentials is part of an agreement to cooperate on the digital transformation of government services.
Enforcement
Another Former CSRC Official Under Corruption Probe
14/06/2022
The probe is linked to another investigation involving an official who worked for the CSRC department that oversaw listings on the ChiNext board.
Capital / Liquidity
FSC Korea Outlines Measures to Boost Capital at Insurers
14/06/2022
Insurance companies have been experiencing declining levels of risk-based capital due to rising interest rates and mark-to-market losses on bond holdings.
Securities / Derivatives
China: Banks, Fund Managers Directed to Rein In Executive Pay
14/06/2022
Fund houses are required to defer a portion of executive bonus payments. Senior staff are directed to invest their bonuses in financial products issued by their companies.
Taiwan Lawmakers Call for Stronger Anti Fraud Rules
14/06/2022
One lawmaker said the rules should be changed to make banks bear some responsibility for protecting customers from fraud while using their services.
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