Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
ESG / Sustainability
Singapore: ASFI, WWF Launch Sustainable Finance Academy
21/09/2021
ASFI Academy will help ensure the financial sector workforce develops the skills needed to implement MAS’ guidelines on environmental risk management.
Capital / Liquidity
Hong Kong Further Extends Three Loan Support Schemes
21/09/2021
The 100% Personal Loan Guarantee Scheme, SME Financing Guarantee Scheme, and Pre-approved Principal Payment Holiday Scheme are being extended.
Fintech / Regtech
ACCC Approves NAB as Accredited Data Recipient Under CDR
21/09/2021
NAB is Australia’s second big four bank to become an accredited data recipient under the CDR regime, which underpins open banking.
AML / KYC
US Sanctions Crypto Firm Over Ransomware Payments
21/09/2021
OFAC has designated crypto OTC broker Suex, which operates from Russia, for facilitating transactions involving the proceeds of ransomware payments.
Market Infrastructure
BSP Issues Governance Policy for Operators of Payment Systems
21/09/2021
Payment system operators including banks and electronic money issuers have six months to comply with the requirements.
Crypto / Digital Assets
Philippine SEC Warns Against Dealing with Unlicensed Entities
21/09/2021
The SEC has warned against dealing with unlicensed forex brokers, crypto exchanges, and DeFi platforms among others.
Market Infrastructure
Canada Implements Financial Benchmarks Regulatory Regime
21/09/2021
CDOR is designated as a critical benchmark and Refinitiv Benchmark Services is designated as its administrator.
Fintech / Regtech
Vietnam to Create Fintech Sandbox for Banking Sector
21/09/2021
The central bank will coordinating with government departments and agencies to develop a decree to enable the sandbox.
Enforcement
HK Court Convicts Former Convoy Executives for Fraud
21/09/2021
Former Convoy executives conspired to dishonestly arrange for bond placement commissions to be diverted to a company they substantially owned.
ESG / Sustainability
BCBS Calls on Banking Sector to Enhance Cyber Defences
21/09/2021
Remote work arrangements and digital financial services have “enlarged banks’ attack surfaces”, creating opportunities for malicious actors, the BCBS said.
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