Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
ESG / Sustainability
Singapore Govt, MAS to Extend Support for Businesses
21/02/2022
MAS is extending its SGD facility to support SME lending. Singapore will target net zero emissions by or around 2050, which was previously the target for halving emissions.
Fintech / Regtech
HKMA, PBOC Invite Firms to Test Fintech Initiatives Across GBA
21/02/2022
The objective of the link is to provide a “one-stop platform” to allow FIs and technology firms to pilot test their cross-boundary fintech initiatives, concurrently in Hong Kong and GBA cities.
Market Infrastructure
Bank Indonesia Deepens Ties with BOK Under New MoU
20/02/2022
The collaboration will include areas such as cross-border payments, digital payments, and other areas related to settlement and market infrastructure.
Fintech / Regtech
US DOJ Appoints First Director of National Crypto Enforcement Team
20/02/2022
The FBI has meanwhile created a new “Virtual Asset Exploitation Unit”, which will provide analysis, support, training and new tools to stay ahead of future crypto-related threats.
BSP Eases Confirmation Process for Bank Directors, Officers
20/02/2022
The amendments aim to limit the coverage of officers requiring confirmation for appointment and to streamline documentary requirements.
Enforcement
UK HMRC Seizes Three NFTs in Fraud Investigation
20/02/2022
Three people were arrested on suspicion of attempting to defraud HMRC using 250 fake companies. This is the first time a UK agency has seized NFTs.
Enforcement
FSC Korea Fines IBK and Fund Manager Over Mis-sold Funds
20/02/2022
Industrial Bank of Korea also has to suspend its private fund sales operations for 1 month. Discovery Asset Management and its CEO are suspended for 3 months.
Enforcement
FSA Issues Business Improvement Order to Mizuho, Again
18/02/2022
The business improvement order requires Mizuho and its parent to report to the FSA about the cause of another system failure which halted ATM operations on 11 February.
Big Picture
HKCERT Warns of Information Security Risks in 2022
18/02/2022
NFT and metaverse-related risks, and crypto account hacks and thefts, were cited as top information security risks for the first time.
AML / KYC
18 Crypto Exchanges Jointly Launch Travel Rule Solution
18/02/2022
The firms include BitGo, bitFlyer, Bittrex, BlockFi, Circle, Coinbase, Fidelity Digital Assets, Gemini, Kraken, and Robinhood, among others.
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