Editors
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Articles by Editors
Enforcement
China SOEs Directed to Rein In Unauthorised Derivatives Trading
06/05/2021
SOEs are directed to ensure their subsidiaries are qualified and properly approved to trade financial derivatives, and able to manage the associated risk.
Fintech / Regtech
MAS Launches FinTech Hackcelerator Focused on Green Finance
06/05/2021
Fintech firms and solution providers are invited to submit innovative solutions to address any of 52 problem statements related to green finance.
Securities / Derivatives
BSEC Allows Foreign Companies to Sponsor Mutual Funds
06/05/2021
Foreign companies will be allowed to become sponsors of mutual funds, subject to a maximum contribution of 25 percent of the find size.
Capital / Liquidity
CBIRC Optimises Supervision of Foreign Banks in China
06/05/2021
The move is expected to allow foreign banks to play a role in facilitating China’s financial market opening-up and channelling funds into the economy.
Fintech / Regtech
Australia Considers Making CDR Data More Portable
06/05/2021
Under draft rules, accredited businesses would be able to share CDR data with their agents, or sponsor other parties to become accredited.
Capital / Liquidity
RBI Announces Support Measures for Second Covid Wave
05/05/2021
The measures include liquidity for bank lending to businesses, continued regulatory exemptions, and an additional round of restructuring and moratoria flexibility.
Enforcement
ASIC Files Suit Against Westpac for Alleged Insider Trading
05/05/2021
ASIC says Westpac traded interest rate derivatives to pre-position itself while knowing it would be selected to execute a A$12bn interest rate swap hours later.
AML / KYC
US Lawmakers Call for ‘War-like Footing’ Against Corruption
05/05/2021
In a letter to Janet Yellen, two lawmakers have called for AML obligations to be expanded to hedge funds, private equity, and other professional enablers.
AML / KYC
AUSTRAC Orders Mutual Bank to Uplift AML Compliance
05/05/2021
Australian Military Bank is required to conduct a risk assessment, and then work to improve its KYC, transaction monitoring, EDD, and reporting systems.
AML / KYC
Taiwan FSC Fines Nan Shan Life Insurance Over Lax Controls
05/05/2021
The FSC found that 122 sales personnel paid premiums on behalf of clients with their own credit cards to earn rewards points offered by banks.
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