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

Liquidity Risk
Korea Relaxes Banking Rules to Boost Venture Investments, Corporate Lending
05/07/2023
The limit on bank acquisitions of unlisted equity securities is raised and the loan-to-deposit ratio requirement applied to foreign bank branches is relaxed.

Reporting & Disclosures
Australia: New Report Calls into Question Credibility of Corporate Reporting
05/07/2023
The poor quality of disclosure suggests that directors are not taking their responsibility seriously, said Professor Peter Carey at Deakin University.

Alternative Markets
FSS Korea Publishes Revised Guidance on Private Equity Funds
05/07/2023
The guidance is intended to support the growth of the institutional private equity funds, following rule changes that were introduced in October 2021.

Cloud & Infrastructure
US to Restrict Chinese Access to Cloud Computing Services – Report
05/07/2023
Cloud providers like AWS and Microsoft Azure would have to seek government permission to serve Chinese firms that use such platforms to train AI models.

Data Privacy
European Commission Proposes Rules to Enhance GDPR Enforcement Efficiency
04/07/2023
The GDPR Procedural Regulation aims to streamline cooperation between data protection authorities by harmonising some administrative procedures in cross-border cases.

Cryptocurrency
Korea Launches New Alerting System for Abnormal Crypto Activity
04/07/2023
DAXA said the alert messages will be triggered by sudden price changes and spikes in trading or deposit volumes, among other indicators.

Emerging Prudential Risks
China Holds $3tr in Unreported FX Reserves, says Former Treasury Official
04/07/2023
Former US Treasury official Brad Setser suggests China is concealing nearly half of its FX reserves within state-owned commercial and policy banks.

Trading & Investment
Chinese Banks Further Lower USD Deposit Rates to Halt Yuan Decline
04/07/2023
The big five state-owned banks have capped their dollar deposit rates at 2.8 percent, down from 4.3 percent previously, effective from 1 July.

Payments & Settlements
Argentina Embraces Yuan Accounts to Tackle Dollar Shortage
04/07/2023
The central bank of Argentina stated that it has granted permission for local banks to accept yuan deposits.

Fraud, Scams & Cybercrime
China Intensifies Efforts to Combat Tax Fraud
03/07/2023
The crackdown is focusing on major industrial and regional cases and professional criminal gangs.
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