
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com

Structural Regulation
China Passes Law Allowing Citizens to Sue Foreign Countries
07/09/2023
The previous law gave “absolute immunity” to foreign countries and their property, preventing any cases in Chinese courts against them.

PEPs & Sanctions
UK FCA Launches Review of Treatment of PEPs
07/09/2023
The FCA said it will take “prompt action” if any significant deficiencies are identified in the arrangements of any firm assessed in the review.

AI Risk & Governance
SEBI Developing AI Tool to Detect Fund Mis-selling
07/09/2023
The AI tool will be able to detect misselling that may go unnoticed using “rule-based supervision”, said SEBI chairperson Madhabi Puri Buch.

Sustainable Finance
International Bodies Publish New Guidance on Blue-Themed Bonds
07/09/2023
The guidance provides market participants with clear criteria, practices, and examples for “blue bond” lending and issuances.

Conduct, Culture & Accountability
Australian Parliament Passes Financial Accountability Regime Bill
07/09/2023
The FAR replaces and extends the BEAR by imposing new accountability obligations on insurers, banks, super funds, and their senior executives.

Structural Regulation
Grab-Singtel Digital Bank Approved for Launch in Malaysia
07/09/2023
GXBank, backed by Grab, Singtel and Kuok Brothers, has become the first digital bank applicant to win approval to commence operations.

Custody & Infrastructure
Korea: Hana Bank, BitGo to Jointly Develop Crypto Custody Business
07/09/2023
Hana Bank says the custody business will help strengthen trust in the domestic digital asset market and reinforce consumer protection.

Structural Regulation
RBI Calls on Fintech Industry to Establish Self-Regulatory Body
07/09/2023
The RBI’s Shaktikanta Das and T Rabi Sankar said an SRO would be the best way to regulate the fintech industry and establish best practice standards.

Emerging Prudential Risks
FSB Warns of Financial Stability Risks from ‘Hidden’ NBFI Leverage
07/09/2023
The FSB has identified pockets of high leverage in the NBFI sector and outlines policy implications to address these vulnerabilities.

Clearing & Post-Trade
SGX Gains Connectivity to FIA Tech’s Trade Data Network
07/09/2023
The new connectivity will give SGX members greater transparency into their trade give up/ take in process.
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