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
Payments & Settlements
MAS, Temasek, JPM Complete Final Phase of Project Ubin
13/07/2020
The prototype that was built can integrate with other blockchain-based platforms and be used for cheaper, faster and safer cross-border payments and to settle foreign exchange transactions.
Fraud, Scams & Cybercrime
CSRC Imposes Underwriting Restrictions on GF Securities
13/07/2020
14 GF Securities officers have also been barred from investment banking. The enforcement action is related to a $12.6bn fraud at drugmaker Kangmei Pharmaceutical.
PEPs & Sanctions
US Sanctions Chinese Officials Over Uyghur Human Rights
12/07/2020
US persons and financial institutions are prohibited from conducting financial transactions with any of the four designated individuals.
Custody & Infrastructure
China Allows Foreign Bank Branches to Enter Fund Custody Business
12/07/2020
Applicant banks must be of “high quality”, specifically in relation to risk management, international reputation, operating performance, profitability and market share.
Structural Regulation
Hong Kong Passes Limited Partnership Fund Bill
12/07/2020
The limited partnership fund regime is aimed at attracting private equity, real estate, and venture capital funds to set up and operate in Hong Kong.
Structural Regulation
Malaysia Revises Circuit Breaker Mechanism, Price Limits
12/07/2020
The temporary revisions to the static and dynamic price limits, and the circuit breaker, are being implemented to provide added market stability and confidence.
Fraud, Scams & Cybercrime
Taiwan FSC Fines Chang Hwa Bank Over Client Theft
11/07/2020
A Chang Hwa Bank consultant was found to have used over $2mn of client money to make up losses for other clients over a ten year period.
Emerging Prudential Risks
Japan FSA Pushes for Sustainability in Bank Business Models
10/07/2020
Management changes may be needed at regional banks that lack sustainability in their business models, says the FSA’s Toshihide Endo.
Conduct, Culture & Accountability
ASIC Consults on Second Use of Product Intervention Power
10/07/2020
ASIC names BHF Solutions and its associate, Cigno, as two companies that enter into high-cost continuing credit contracts with retail customers without a credit licence.
CBDCs
PBOC Partners with Didi Chuxing to Test Digital Currency
10/07/2020
The PBOC has established a partnership with ride-hailing firm Didi Chuxing to test its digital currency in payments.
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