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
US Launches Instant Payments Service, FedNow
21/07/2023
35 early-adopting banks and credit unions are ready with instant payments capabilities via FedNow, and 16 additional service providers are supporting payment processing.
Emerging Prudential Risks
PBOC Raises Macroprudential Cap on Overseas Borrowing
21/07/2023
The higher cap, applicable to both financial and nonfinancial businesses, is expected to encourage more capital inflows and provide support to the yuan.
Fraud, Scams & Cybercrime
Singapore Police Issues Advisory on Investment Scams
20/07/2023
The Singapore Police Force said 498 victims lost at least S$25.5mn through investment scams since June.
Trading & Investment
Vietnam Launches New Bond Trading Platform at HNX
20/07/2023
The system will also support businesses in mobilising mid and long-term capital, helping them reduce their dependence on bank credit.
Market Abuse
India: Appeals Tribunal Sets Aside SEBI Penalty Order Against NSE
20/07/2023
The Securities Appellate Tribunal said NSE had not indulged in any unethical act or unjustly enriched itself.
Market Abuse
Korea: New Rules for CFD Trading to Take Effect from 1 Sept
20/07/2023
Securities firms that conduct CFD trading and brokerage business must submit investor balances to KOFIA on a daily basis.
Anti-Money Laundering
US Fed Fines Deutsche Bank for Slow Remediation of AML Deficiencies
20/07/2023
The Fed Board said Deutsche Bank made “insufficient remedial progress” under 2015 and 2017 consent orders and still has deficient AML internal controls and governance processes.
Fraud, Scams & Cybercrime
MAS Issues Five Year Ban on Former Prudential Representative
20/07/2023
The former representative edited and submitted 11 false invoices to Prudential and deceived the company into making payouts to her clients.
Structural Regulation
Deposit Caps Raised for Singapore Digital Banks GXS, Maribank
19/07/2023
Grab’s GXS Bank and Sea’s Maribank have both increased the maximum deposit allowed in savings accounts from S$5,000 to S$75,000.
Climate Risk
CFTC Meets to Discuss Integrity in Voluntary Carbon Markets
19/07/2023
The CFTC held its second Voluntary Carbon Markets Convening to identify steps to ensure integrity and resilience of voluntary carbon markets.
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