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
PEPs & Sanctions
BRICS Nations Face ‘100% Tariffs’ if They Move Away from USD
02/12/2024
President-elect Trump said the BRICS nations will face “100% Tariffs” if they create a new BRICS currency or back any other currency to replace the US dollar.
Trading & Investment
SEBI to Make Stock Exchanges Interoperable to Guard Against Outages
02/12/2024
The NSE and BSE will act as alternative trading venues for each other when a technical glitch or outage occurs at either exchange.
CBDCs
Iran Launch of CBDC to Combat Sanctions is ‘Imminent’ – Report
02/12/2024
The Central Bank of Iran also recently launched a SWIFT alternative, the “ACU-MIR” system, which is enabling transactions with countries such as India and Pakistan.
Credit Risk
China NFRA Encouraging Banks to Lend to Small & Micro Enterprises
02/12/2024
The NFRA has revised its framework for annual regulatory evaluations of banks to increase focus on the provision of credit to micro and small enterprises.
Tokenisation
HKMA Announces Launch of Digital Bond Grant Scheme
30/11/2024
The scheme offers grants of up to HK$2.5mn for each eligible digital bond issuance to promote bond tokenisation in Hong Kong.
Emerging Prudential Risks
BOK Cuts Rates Again in Response to Trade Uncertainties
30/11/2024
This is the first back-to-back rate cut since 2019, signalling concerns over the clouded outlook for Korea’s export-reliant economy.
Cloud & Infrastructure
China Issues Action Plan for Further Developing Digital Finance
30/11/2024
FIs are directed to designate a leading department for digital transformation and improve the quality and efficiency of digital financial services.
Supervision & Enforcement
AUSTRAC Fines 16 Firms for Failure to Submit Compliance Reports
30/11/2024
The infringement notices were issued for failure to submit 2023 annual compliance reports. The firms had a history of non-compliance.
Data Privacy
Australian Parliament Passes First Tranche of Privacy Law Reforms
29/11/2024
The reforms expand the OAIC’s powers, giving it monitoring, investigative and inspection powers and the ability to issue infringement and compliance notices.
Anti-Money Laundering
FCA Unveils New 5-year Strategy to Boost Trust in UK Market
29/11/2024
FCA chief operating officer Emily Shepperd said tackling financial crime is one of four pillars of the new strategy.
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