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
China Allows Nonbank Creditors to Initiate Creditor Committees
20/01/2021
To date, only bank creditors have been allowed to initiate the establishment of creditor committees, while nonbank financial institutions were often excluded.
Securities / Derivatives
Hong Kong, Thailand Agree Mutual Recognition of Funds
20/01/2021
Each Hong Kong or Thai fund approved under the MRF scheme will have to appoint a firm in the other market to serve as its representative.
ESG / Sustainability
FSB Publishes Work Programme for Year Ahead
20/01/2021
The work programme includes initiatives to strengthen NBFI resilience, enhance cross border payments, and address climate change, among other priorities.
AML / KYC
HK Police Arrest Bank Staff for Money Laundering – Report
20/01/2021
The 7 individuals arrested are said to have helped a member of an international money laundering syndicate open at least 14 bank accounts.
Fintech / Regtech
Rakuten Launches First Digital-only Bank in Taiwan
20/01/2021
Rakuten International Commercial Bank was one of three groups granted authorisation to set up a digital bank in July 2019.
Market Infrastructure
Clearinghouses Consider Early LIBOR Switch for Derivatives – Report
20/01/2021
LCH and CME Group could carry out a switchover in late November or early December for LIBOR derivatives to protect from tight liquidity in the benchmark’s final days.
AML / KYC
Australian Border Force Disrupts Money Laundering by Drug Cartels
20/01/2021
9 Australian and 7 international banks were used to launder A$500mn in illegal profits from the drug trade between 2014 and 2017.
AML / KYC
GLEIF Enhances LEI Search Engine, Automates Access to LEI Data
19/01/2021
A new API enables third-party developers to automate searches and retrieve higher quality LEI data from within their application environments.
Securities / Derivatives
China: SAFE Allocates $9bn in Additional Quotas to QDIIs
19/01/2021
90% of the new quotas were granted to 14 fund managers, including China Southern Asset Management, E Fund Management, Bosera Asset Management and Harvest Fund Management.
Fintech / Regtech
PBOC, CBIRC Restrict Online Sale of Deposit Products by Banks
19/01/2021
The PBOC and CBIRC have formally barred banks from selling personal fixed deposit products online via third party platforms, citing regulatory violations.
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