Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Capital / Liquidity
PBOC Works to Ease Funding Pressure Through Liquidity Injections
03/12/2024
The PBOC conducted ¥800bn in outright reverse repo transactions and bought a net ¥200bn of sovereign bonds in November. An RRR cut is likely still needed.
Sanctions
BRICS Nations Face ‘100% Tariffs’ if They Move Away from USD
02/12/2024
President-elect Trump said the BRICS nations will face “100% Tariffs” if they create a new BRICS currency or back any other currency to replace the US dollar.
Securities / Derivatives
SEBI to Make Stock Exchanges Interoperable to Guard Against Outages
02/12/2024
The NSE and BSE will act as alternative trading venues for each other when a technical glitch or outage occurs at either exchange.
Sanctions
Iran Launch of CBDC to Combat Sanctions is ‘Imminent’ – Report
02/12/2024
The Central Bank of Iran also recently launched a SWIFT alternative, the “ACU-MIR” system, which is enabling transactions with countries such as India and Pakistan.
China NFRA Encouraging Banks to Lend to Small & Micro Enterprises
02/12/2024
The NFRA has revised its framework for annual regulatory evaluations of banks to increase focus on the provision of credit to micro and small enterprises.
Crypto / Digital Assets
HKMA Announces Launch of Digital Bond Grant Scheme
30/11/2024
The scheme offers grants of up to HK$2.5mn for each eligible digital bond issuance to promote bond tokenisation in Hong Kong.
Market Infrastructure
BOK Cuts Rates Again in Response to Trade Uncertainties
30/11/2024
This is the first back-to-back rate cut since 2019, signalling concerns over the clouded outlook for Korea’s export-reliant economy.
Fintech / Regtech
China Issues Action Plan for Further Developing Digital Finance
30/11/2024
FIs are directed to designate a leading department for digital transformation and improve the quality and efficiency of digital financial services.
AML / KYC
AUSTRAC Fines 16 Firms for Failure to Submit Compliance Reports
30/11/2024
The infringement notices were issued for failure to submit 2023 annual compliance reports. The firms had a history of non-compliance.
Market Infrastructure
Australian Parliament Passes First Tranche of Privacy Law Reforms
29/11/2024
The reforms expand the OAIC’s powers, giving it monitoring, investigative and inspection powers and the ability to issue infringement and compliance notices.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team