Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Fintech / Regtech
Global Regulatory Framework for Crypto Likely Next Year
21/12/2021
Benoît Cœuré said the “wake-up call” for regulators has been the rapid growth of DeFi, as its interconnectedness with traditional finance creates potential systemic risk.
ESG / Sustainability
TWSE Expands Scope of Sustainability Reporting Rules
21/12/2021
All TWSE listed companies with paid-in capital above TWD 2 billion will mandatorily have to file sustainability reports from 2023 onwards.
AML / KYC
HKMA Fines ePaylinks Technology for AML/CTF Breaches
20/12/2021
SVF licensee ePaylinks had deficiencies in its transaction monitoring and name screening systems, and failed to take enhanced measures in high risk situations.
Securities / Derivatives
UBS, China Life to Set Up Asset Management JV – Report
20/12/2021
China Life and UBS have reportedly signed an MoU to set up the joint venture, though the formal launch will be subject to approval from the CBIRC.
Enforcement
Taiwan FSC to Raise Fines for Securities Investment Trust Businesses
20/12/2021
The maximum fine for violations by securities investment trust and securities investment consulting businesses will rise from TWD 3mn to TWD 15mn.
Securities / Derivatives
OJK Indonesia Suspends Granting of New Asset Management Licences
20/12/2021
OJK said the moratorium will allow it to evaluate governance, capacity and prudential practices in the mutual fund industry.
ESG / Sustainability
Korea FSC, KRX Launch ESG Information Platform
20/12/2021
The platform provides information about listed companies’ ESG activities, ratings, sustainability reports and environmental disclosure information.
Securities / Derivatives
Hong Kong FRC Issues Guidance for Audit Committees
20/12/2021
The guidelines are intended to help audit committees adopt best practices in selecting auditors that will enhance the quality of corporate reporting.
ESG / Sustainability
ESG Products, Retail Investors to Propel Asia Derivatives Market
20/12/2021
in 2022, Asia derivatives market growth will be driven by ESG-related products and increased retail investor participation.
Big Picture
Global Debt Reached Record $226tr in 2020: IMF
20/12/2021
The debt surge has amplified vulnerabilities and constrained the ability of governments and the private sector to support the recovery.
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