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
Securities / Derivatives
LME Delays New Reporting Requirements to 5 September
19/07/2022
Market participants expressed concerns regarding their ability to ensure data is properly and accurately reported by the implementation date, earlier set for 18 July.
AML / KYC
Scam Loss Sharing Framework Will Take Longer to Develop: MAS
19/07/2022
Developing the new framework is taking longer than expected due to the complexity of the issues involved and the importance of ensuring the framework has the correct incentives.
Market Infrastructure
BSP Designates Two “Prominently Important” Payment Systems
18/07/2022
The designation of PESONet and InstaPay as Prominently Important Payment Systems will mean they are subject to closer BSP supervision and monitoring.
AML / KYC
BSP Issues Guidance on Conducting AML/CFT Risk Assessments
18/07/2022
The findings from institutional risk assessments should be used to enhance AML/CFT/CPF/sanctions compliance programmes and made available to the BSP during examinations.
Fintech / Regtech
HKMA, Banks, Bloomberg Launch Fintech Talent Initiative
18/07/2022
The partners include the HKMA, FSDC, Bloomberg, Ant Group, Bank of America, BOCHK, Citi, Credit Suisse, DBS, Goldman, HKEX, HSBC, JP Morgan, and others.
Enforcement
Singapore Police Lay Fraud Charges Against Zenrock Founder
18/07/2022
The founder and his former operations executive were charged for cheating Bank of China, HSBC and Credit Agricole CIB.
Enforcement
SFC Bans Former StanChart Representative for Three Years
18/07/2022
The representative’s mother transferred funds into five customers’ payroll accounts to improve his work performance.
Chinese Police Summon Alibaba Staff to Probe Data Breach
18/07/2022
Personal information on 1 billion Chinese citizens was reportedly stolen from a Shanghai police database located on an Alibaba server.
Market Infrastructure
HKEX, SFC Extend HKIDR Testing Period Until 5 August
18/07/2022
Firms that have not completed the mandatory E2E Test yet are reminded to complete the test “as soon as possible”.
Uncategorised
Hong Kong’s Target Insurance Deemed Insolvent, Winding-up Initiated
18/07/2022
Target is Hong Kong’s largest motor insurer, providing coverage for mini buses and more than 60 percent of the 18,000-plus taxis in the city.
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