Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Big Picture
WEF Report Calls for Cybersecurity to be Prioritised
30/01/2022
The report highlights prioritisation gaps between business executives and security-focused leaders, saying this can leave firms vulnerable to attacks.
Securities / Derivatives
Taiwan to Ease Limit on Investment in Mainland Financial Firms
30/01/2022
The FSC proposes to allow Taiwanese securities and futures companies to own more than 50 percent of Mainland institutions.
Market Infrastructure
SHFE to Introduce Commodity Swaps with Central Settlement
30/01/2022
Shanghai Futures Exchange has issued new rules setting out the requirements for firms to participate as primary dealers, secondary dealers and settlement institutions.
Bangladesh Bank Sets Minimum Salary Standards for Banks
29/01/2022
The new standards come into effect on 1 March. Banks will not be allowed to make salary increases dependent on deposit targets.
Enforcement
SFC Fines Citigroup Asia Unit for Client Facilitation Misconduct
28/01/2022
Deceptive practices were deployed at the expense of clients’ best interest and to the detriment of market integrity, said SFC chief Ashley Alder.
Enforcement
US Court Acquits Deutsche Traders in LIBOR Rigging Case
28/01/2022
Former Deutsche Bank traders Matthew Connolly and Gavin Black were convicted in October 2018. Both have now been acquitted.
Market Infrastructure
Five More HK Banks Approved to Launch WMC Services
28/01/2022
Chiyu Banking Corporation, Chong Hing Bank, Fubon Bank, Shanghai Commercial Bank, and China Everbright Bank can launch WMC services.
Fintech / Regtech
OJK Indonesia Bars FIs From Facilitating Crypto Trading
28/01/2022
OJK warns of market fluctuations and other risks, including the existence of crypto investment Ponzi schemes.
AML / KYC
Taiwan FSC Identifies Crypto ATMs Breaching AML Rules
28/01/2022
Of 16 companies that have reported their AML compliance to the FSC, 13 will be required to make corrections.
ESG / Sustainability
BSP Implementing “RING” Approach to Protect Financial System
27/01/2022
“RING” stands for Risk management guidelines, Integrity, New technologies, and Governance standards, said BSP governor Benjamin Diokno
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