Trade Based Money Laundering

Regulation Asia: Top Ten News Stories for 2020

22/12/2020

This list presents the most-read new stories published by Regulation Asia in 2020, based on aggregated user traffic analytics.

KYC & CDD

Regulation Asia: Top Ten Contributed Articles for 2020

22/12/2020

This list presents the most-read contributed articles published by Regulation Asia in 2020, based on aggregated user traffic analytics.

Capital Adequacy

Korea FSS Directs Kakao Bank to Enhance Risk Management

21/12/2020

Kakao Bank is directed to set up an effective emergency plan for responding to a crisis, including detailed financing options to deal potential capital shortfalls.

Market Abuse

FSC Korea Unveils Additional Measures to Curb Illegal Short Selling

21/12/2020

The FSC will place new restrictions on market makers, revamp the rebate system, and set up a new monitoring system to detect illegal short selling activity.

Payments & Settlements

RBI Invites Firms to Test Cross-border Payments Tech in Sandbox

21/12/2020

The RBI has reduced the net worth requirement of participating firms and said it will allow partnerships and LLPs to participate.

Structural Regulation

UPDATED – China to Establish Central Register for Movable Assets Pledged for Loans

21/12/2020

The change is reportedly seen as a significant step for China to bolster movable assets-backed financing, a key funding channel for SMEs.

Structural Regulation

China Seeks to Improve Market Quality with New Delisting Rules

21/12/2020

Companies will be automatically delisted if their shares close below 1 yuan, or their market value remains below 300mn yuan, for 20 consecutive trading days.

Capital Adequacy

APRA to Maintain Zero Percent CCyB Through to End-2021

21/12/2020

APRA cites “the risk of further stresses to come” as a determining factor, including the threat of new Covid-19 outbreaks and the withdrawal of financial assistance measures.

Structural Regulation

SFC Unveils New Electronic Licensing Functions On WINGS

21/12/2020

The new online licensing platform marks an important milestone in the modernisation of the SFC’s gatekeeping function, said chief executive Ashley Alder.