Editors

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    Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com

    Articles by Editors

    Fintech / Regtech

    Myanmar Military Government Seeks to Launch Digital Currency

    07/02/2022

    Myanmar’s military regime is reportedly considering issuing a digital currency as a joint venture with local companies.

    AML / KYC

    AUSTRAC Issues Guidance on Identifying Forced Sexual Servitude

    07/02/2022

    New financial crime guide provides practical advice to enable banks, businesses, and other FIs to identify and report potential cases of forced sexual servitude.

    Enforcement

    MAS Imposes Capital Surcharge on DBS for November Outage

    07/02/2022

    DBS has to hold SGD 930 million in additional regulatory capital until MAS is satisfied that it has addressed all shortcomings identified by an independent reviewer.

    Market Infrastructure

    ESMA Launches New Register for Simple Securitisations

    07/02/2022

    The new register provides originators and sponsors an enhanced notification system and assists investors in performing due diligence.

    PBOC, CBIRC Revise Rules for Banks on Commercial Bills Business

    07/02/2022

    Banks and finance companies should not conduct commercial bill financing business exceeding 15 percent of their total assets.

    AML / KYC

    Australian Billionaire Launches Criminal Proceedings Against Facebook

    06/02/2022

    Fortescue Metals Group chairman Andrew Forrest alleges that Facebook broke AML laws by failing to prevent crypto scams from being advertised on its platform.

    Capital / Liquidity

    EU Regulators Consider Stricter Rules for Foreign Banks

    06/02/2022

    EU regulators are reportedly considering rule revisions that could force more foreign banks to operate as subsidiaries rather than branches.

    Securities / Derivatives

    China Eases Process for Investors to Seek Redress for Securities Fraud

    06/02/2022

    Administrative penalties or criminal judgments will no longer be preconditions for courts to accept civil compensation cases involving securities fraud.

    ESG / Sustainability

    CDSB Consolidates into IFRS Foundation to Support ISSB

    06/02/2022

    The consolidation includes the transfer of CDSB staff and core intellectual property and technical assets to support the work of the ISSB.

    Fintech / Regtech

    Singapore Gets New Methodologies to Assess Responsible AI Use

    06/02/2022

    A new open-source software toolkit has also been published to enable financial institutions to automate the fairness metrics assessment.

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