Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
NZ FMA Asked to Improve Conflicts Handling Process
21/03/2022
An independent review has found shortcomings in the way the FMA handled a conflict of interest last year and proposed changes to its processes.
Sanctions
State Street to Be Dismissed as Manager of HK Tracker Fund
21/03/2022
Hong Kong’s government commenced a review last year to assess State Street’s role as the manager of TraHK, the city’s largest and most-popular ETF.
Securities / Derivatives
Eurex Sets Launch Date for Expansion of KRX Link
20/03/2022
International investors will be able to trade KOSPI 200 options with weekly expiries outside Korean trading hours via Eurex from 28 March.
Fintech / Regtech
Australia Consults on Expansion of CDR to Non-Bank Lending
20/03/2022
The designation of non-bank datasets under the CDR will support creditworthiness assessments and compliance with responsible lending obligations.
Enforcement
MAS Bars Former DBS Wealth Planner for Cheating Clients
20/03/2022
The former DBS Bank wealth planning manager fraudulently deceived clients into transferring SGD 490,000 into his personal bank account.
ESG / Sustainability
MAS, CDP Partner to Enhance Access to Quality ESG Data
20/03/2022
MAS and CDP will collaborate to explore the exchange of information between CDP’s disclosure system and MAS’ Project Greenprint.
ASIC to Review Whistleblower Policies for Noncompliance
20/03/2022
ASIC will consider enforcement action and other regulator tools where compliance falls short of expectations, says commissioner Sean Hughes.
Fintech / Regtech
Japan FSA Progresses Work on AI-based Translation System
19/03/2022
Translated financial documents were used as training data for the AI system, helping to improve the efficiency and accuracy of translations between Japanese and English.
AML / KYC
RBI Orders Paytm Payments Bank to Stop Onboarding Clients
19/03/2022
The bank reportedly violated rules by allowing data to flow to servers overseas and did not properly verify thousands of customers.
Fintech / Regtech
Ripple Calls on Korea to Further Develop Digital Assets Framework
19/03/2022
New policy paper calls for the implementation of a “risk-sensitive” digital asset regulatory framework to provide certainty and encourage innovation in the sector.
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