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

    Enforcement

    Taiwan Raises Whistleblower Rewards for Serious Crime Tenfold

    07/01/2021

    Whistleblower rewards are increased tenfold for the reporting of serious illegal financial activities and fivefold for minor illegal financial activities.

    BOT Relaxes Foreign Exchange Rules for Non-resident Firms

    07/01/2021

    The central bank said the relaxations will allow non-financial companies greater flexibility to manage currency risks and liquidity related to the Thai baht.

    Market Infrastructure

    China Revises Upper Limit on Overseas Lending, Borrowing

    07/01/2021

    The PBOC and SAFE have adjusted the upper limits on overseas lending and borrowing by domestic enterprises, as the RMB trades at its highest levels since mid 2018.

    Capital / Liquidity

    China Implements New Bank Performance Evaluation Mechanism

    07/01/2021

    State-owned banks based on their contributions to the economy, high quality development, risk management, and operational efficiency.

    Enforcement

    PBOC Penalises Tenpay, Three Others for Violations – Report

    07/01/2021

    Tencent’s payment platform Tenpay was fined for providing payment services for illegal and false transactions, and processing QR code payments without a licence.

    Enforcement

    Chinese Court Orders Ratings Firm to Compensate Bond Creditors

    07/01/2021

    The court held Dagong Global Credit Rating, its controller, underwriter, accounting firm, and law firm jointly responsible for defaults by a construction company three years ago.

    Fintech / Regtech

    MAS Announces Completion of Phase One of Veritas Initiative

    06/01/2021

    The first phase of Veritas resulted in the development of a fairness assessment methodology based on the FEAT principles for two use cases.

    AML / KYC

    White House Bans US Transactions With Chinese Payment Apps

    06/01/2021

    White House allies including Treasury Secretary Steve Mnuchin also reportedly pressured the NYSE to again reverse its decision on delisting Chinese telecom stocks.

    Capital / Liquidity

    APRA Announced Further Reduction in Committed Liquidity Facility

    06/01/2021

    If outstanding government securities continue to increase beyond 2021, the CLF may no longer be required in the foreseeable future, APRA says.

    Enforcement

    PBOC Confiscates $3m in Illegal Gains from Credit Bureau

    06/01/2021

    The credit bureau engaged in personal credit business without approval and failed to report senior management changes in a timely manner.

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