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
Alternative Markets
Myanmar to Set Up Alternative Market for Unlisted Companies
14/08/2019
The so-called ‘Myanmar Public Companies Board’ will serve as a stepping stone for domestic companies to list on the YSX, which still lists only 5 companies.
Conduct, Culture & Accountability
FSS Korea to Probe Major Banks for Mis-sold Financial Products
14/08/2019
Woori, KEB Hana and Shinhan are subject to the FSS investigation for selling high-risk private equity investment products and derivative-linked securities.
Supervision & Enforcement
CBIRC Fines WeBank $285m for Multiple Lending Violations
14/08/2019
An inspection last year found that some employees at the digital bank used consumer loans to invest in stock and futures trading.
Structural Regulation
Korea Eases Criteria for Professional Investor Registration
14/08/2019
The move is expected to increase the pool of professional investors from under 2000 to over 370,000. A new trading venue for unlisted equity securities is also planned.
Anti-Money Laundering
Singapore Shell Companies Vulnerable to Money Laundering: MAS
14/08/2019
While money launderers and tax evaders have traditionally used offshore companies, some have shifted to onshore companies to evade detection.
Market Risk
BSP Issues Guidelines for Banks on Managing IRRBB
14/08/2019
Covered supervised institutions have until 1 January 2021 to develop or revise their policies and procedures in accordance with the guidelines.
Tokenisation
Koscom to Develop New Platform for Trading Unlisted Securities
13/08/2019
The project, approved under the FSC’s sandbox programme, will also involve KEB Hana Bank, Hana Financial Investment and Amicus Lex, among others.
KYC & CDD
Malaysia to Introduce e-KYC for Money Services Businesses
13/08/2019
BNM has set out the requirements money changers must observe in non-face-to-face customer onboarding, to ensure effective and robust AML/CFT controls.
Climate Risk
ASIC Updates Guidance on Climate Risk Disclosures
13/08/2019
The new guidance describes climate change as a “systemic risk that could have a material impact on the future financial position, performance or prospects of entities”.
Trading & Investment
TOCOM Electricity Futures Approved for 17 September Launch
13/08/2019
The Tokyo Commodity Exchange has been granted approval to list electricity futures, after applying for a trial listing in March.
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