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

    Crypto / Digital Assets

    CFTC Penalises Coinbase for False Reporting, Wash Trading

    23/03/2021

    The settlement requires Coinbase to pay $6.5mn, and desist from any further violations of the Commodity Exchange Act or CFTC regulations.

    ESG / Sustainability

    IFRS Foundation Forms Working Group to Converge Standards

    23/03/2021

    The working group will provide a forum for structured engagement with standard-setting bodies to converge their various sustainability reporting standards.

    Fintech / Regtech

    BSP, PDAX to Cooperate on Crypto-and-Fintech Regulatory Sandbox

    23/03/2021

    A crypto-and-fintech regulatory sandbox will boost innovation and technological advancement in financial services, while also increasing public participation in these markets.

    Taiwan Central Bank Tightens Controls on Property Lending

    23/03/2021

    Taiwan central bank says the measures are aimed at curbing property hoarding and mitigating speculation by highly leveraged borrowers.

    Enforcement

    CBA, ANZ to Settle 2016 Lawsuit Involving BBSW Manipulation

    23/03/2021

    The case was initially launched by two US hedge funds and a US-based derivatives trader, alleging they suffered losses due to bank manipulation of the BBSW.

    Fintech / Regtech

    SFA, Remittance Association to Jointly Strengthen SG Remittance Industry

    22/03/2021

    The SFA Remittance Sub-Committee has been launched to promote the adoption of technologies to strengthen Singapore’s money remittance industry.

    Capital / Liquidity

    CBIRC Probes Reveal 19,900 Shareholder Violations at Rural Banks

    22/03/2021

    Over 70 percent of the violations have so far been resolved; 281 institutions were fined a total CNY 150 million; 711 shareholders were fined CNY 20.4 million.

    Hong Kong: Enhanced 100% Loan Guarantee Set to Take Effect

    22/03/2021

    The maximum loan amount per enterprise, total loan ceiling, maximum repayment period, and duration of moratorium will be extended.

    AML / KYC

    Singapore Police Issue First Charges in Nickel Trading Fraud Case

    22/03/2021

    At least SGD 1 billion was invested for the purported sale and purchase of nickel, making the case one of the largest financial fraud cases in Singapore.

    Enforcement

    CBIRC Finds Violations in XW Bank’s Consumer Loans Business

    22/03/2021

    Xiaomi-backed digital bank, XW Bank, breached financial regulations for charging over 30 percent interest on consumer loans.

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