Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Fintech / Regtech
FSC Korea to Create Policy on Use of AI in Financial Services
14/04/2021
The policy seeks to improve fairness and transparency, and protect consumers from newly emerging financial crimes.
Mizuho Head to Turn Down JBA Chairmanship – Report
14/04/2021
Mizuho Financial Group president and group CEO Tatsufumi Sakai was due to take over as JBA chairman on 1 April.
AML / KYC
HSBC Agrees to Share Documents in Meng Extradition Case
14/04/2021
A Hong Kong judge has approved an agreement between Huawei and HSBC that includes document sharing by the bank, with some redactions.
AML / KYC
Thailand to Require UBO Transparency in Bond Markets
14/04/2021
Non-residents who invest in debt securities in Thailand are required to open Segregated Securities Accounts with custodians at the UBO level.
Securities / Derivatives
FSB Issues Guidance on Implementing SFT Data Standards
13/04/2021
The FSB has published FAQs to help national authorities implement the SFT Data Standards to facilitate global collection and aggregation of SFT data.
Enforcement
SEBI Fines Yes Bank, Three Others for Mis-selling AT1 Bonds
13/04/2021
SEBI says Yes Bank misled individual investors into buying risky AT1 bonds and did not inform them of the risks involved or conduct risk profiling.
Enforcement
Australian Charged With Insider Trading Over Diamond Discovery
13/04/2021
The man traded while in possession of inside information relating to a diamond discovery by Lonrho Mining in Africa in 2012.
Enforcement
Singapore: Former Banker Admits to Cheating Seven People
12/04/2021
Han Delong worked for UOB between August 2014 and December 2015, and for OCBC between March 2016 to January 2017.
Enforcement
ASIC Seeks Penalties from Westpac Over Credit Insurance Sales
12/04/2021
ASIC says Westpac debited premiums for consumer credit insurance from customers who did not agree to purchase the products.
AML / KYC
SEC Thailand Allows Crypto Exchange Bitkub to Resume Services
12/04/2021
Bitkub has been allowed to resume accepting new clients. A warning was issued against Binance. Huobi was ordered to suspend services.
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