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-Bribery & Corruption
China: Liaoning Officials Probed Following Two Bank Failures
06/09/2022
Among them, two CBIRC officials are accused of failing in their supervisory duties and for accepting bribes in exchange for favours.
Cybersecurity
Singapore: StanChart RM Charged for Unauthorised Access to Customer Data
06/09/2022
The relationship manager used the computers of other bank staff to access the personal information and transactional history of another StanChart employee.
Structural Regulation
Australia: Financial Adviser Associations Consider Merging
06/09/2022
The merger would create a single association that would speak for the financial advice profession in a “unified voice” and add clarity and power to the positions it takes.
Supervision & Enforcement
US Fed Ends HSBC 2012 Deferred Prosecution Agreement
06/09/2022
HSBC welcomed the decision, saying its employees have worked hard over the last decade to transform the bank’s financial crime risk management capabilities.
CBDCs
Digital Dollar Project Launching Sandbox to Explore CBDC
06/09/2022
The programme is slated to begin in early October with a focus on cross-border payments. The initial participants will be Digital Asset, EMTECH, Knox Networks, and Ripple.
Market Risk
Phase 6 of Initial Margin Rules Take Effect
06/09/2022
The final phase of UMR implementation brought into scope approximately 800 firms, including many more buy-side firms than in previous phases.
Emerging Prudential Risks
Philippines to Assess Financial Conglomerate Risks in October
06/09/2022
The first supervisory college focusing on financial conglomerates concluded in June. The second supervisory college will commence in October.
Anti-Money Laundering
SFC Suspends Rifa Futures Exec Over ‘Xinguanjia’ Trading Software
06/09/2022
In July, Rifa Futures became the fourth firm to be fined over the use of Xinguanjia. The firm’s managing director has now been suspended for 8 months.
Structural Regulation
ASIC Extends Ban on Binary Options Until 2031
06/09/2022
Since it came into effect, the ban has been “fully effective” in preventing retail clients from losing money trading binary options in Australia, ASIC said.
Cybersecurity
BSP Rolls Out New Cyber Risk Management Software at FIs
06/09/2022
The software will streamline and automate regulatory supervision, reporting and compliance assessment of banks’ cybersecurity risk management.
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