Latest News
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549Asia-PacificIndonesia’s Planned Bank Regulation Reshuffle Will Take Time
Duruthu E Chandrasekera, Regulation Asia July 8, 2020President Joko Widodo's plan to return bank oversight functions to Bank Indonesia is unlikely to be an immediate fix for the ongoing Covid-19 related challenges.
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684Hong KongHKMA Offers Guidance for Banks on Climate Risk Practices
Manesh Samtani, Regulation Asia July 8, 2020The HKMA has published its observations on the approaches used by major banks to manage climate risk, as guidance for the banking sector as a whole.
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164KoreaRecord Korea Budget to Support Corporate Bond-buying
Editors, Regulation Asia July 8, 2020The supplementary budget will cover a 1tr won capital injection for an SPV that will purchase low-rated corporate bonds and commercial paper.
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547ChinaEx-ICBC Shanghai Boss Pleads Guilty to Bribery
Editors, Regulation Asia July 8, 2020Prosecutors said Gu Guoming took advantage of his position to help others obtain loans and project contracts, and illegally received bribes worth over 136 million yuan.
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300AML / KYCUK Imposes First Sanctions Over Human Rights Abuses
Editors, Regulation Asia July 8, 2020The UK has designated 25 Russians, 20 Saudi Arabians, two Myanmar generals, and two North Korean organisations. Their UK assets will be frozen.
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201Securities & TradingMalaysia to Promote Greater Capital Market Innovation
Editors, Regulation Asia July 8, 2020The SC will invite innovative stockbroking models such as digital-only brokers and algo trading platforms. Bursa's trading and clearing memberships will be separated.
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139IndiaSEBI Finalises Amendments to Investment Adviser Rules
Editors, Regulation Asia July 8, 2020The final rules increase the net worth, qualification and experience requirements for investment advisers and introduce client-level segregation of advice and distribution activities.
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363KoreaFSS Korea Considers Legal Action Against HK Hedge Fund
Editors, Regulation Asia July 7, 2020Large losses on leveraged positions at Hong Kong-based Gen2 Partners earlier this year prompted a liquidity squeeze and a freeze on early redemptions.
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852AML / KYCS. Korea Uses AI, Big Data Analytics to Detect Tax Evasion
Editors, Regulation Asia July 7, 2020A new AI-based big data analytics system will be used by the National Tax Service to detect cases of tax evasion using borrowed-name accounts.
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1.0KChinaChina Progresses Development of Data Security Law
Editors, Regulation Asia July 7, 2020The draft law says the government will protect the rights of individuals and organisations over the use of their data.
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