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
Market Data & Technology
FSC Korea Opens Access to Public Financial Institution Data
09/06/2020
The public release of the data is expected to contribute to the advancement of the data economy and fintech industry, while also creating more jobs in data-driven innovative services.
Structural Regulation
BOT Launches Regulatory Sandbox for P2P Lending Platforms
09/06/2020
The BOT will seek to use sandbox testing to ensure P2P lending platform providers adopted appropriate risk management and user protection practices.
Clearing & Post-Trade
Taiwanese, Russian CSDs to Cooperate on Capital Markets
09/06/2020
The TDCC and NSD have agreed to support constructive dialogue and cooperation in areas such as electronic voting, fintech and information services, among other areas.
Fraud, Scams & Cybercrime
Korea: Details of 900,000 Credit Cards Leaked, Sold Overseas
09/06/2020
The leaked information included card numbers, expiration dates and the three-digit security code on the back of cards. About 410,000 of the leaked cards are still active.
Credit Risk
RBI Proposes New Norms for Loan Sales and Securitisations
09/06/2020
The draft frameworks will make it easier for banks and other lenders to remove loans from their books amid increasing asset quality and liquidity pressures.
Cloud & Infrastructure
MAS Launches Global FinTech Innovation Challenge
08/06/2020
The competition will seek innovative solutions that can help financial institutions respond to two critical global challenges: Covid-19 and climate change.
Capital Adequacy
SFC Fines Potomac Capital for Breaching Financial Resources Rules
08/06/2020
Potomac misinterpreted the financial resources rules and incorrectly including aged fees receivables as liquid assets, leading to an overstatement of liquid capital.
KYC & CDD
FSC Korea Launches Task Force on Identity Verification Systems
08/06/2020
The FSC supports the development of innovative authentication mechanisms that can provide convenience, safety and security in electronic financial transactions.
Fraud, Scams & Cybercrime
Luckin Coffee Chairman Likely to Face Criminal Charges – Report
08/06/2020
The CSRC and Ministry of Finance have reportedly found new email evidence indicating that chairman Lu Zhengyao instructed his colleagues to commit fraud.
Anti-Money Laundering
Singapore to Tighten AML Rules for Casinos – Report
08/06/2020
Singapore’s legislated threshold for cash transactions that are subject to due diligence is higher than the $3,000 threshold set by the FATF.
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