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
Data Privacy
Australia: Three Law Firms Join Forces for Medibank Class Action
19/01/2023
The class action seeks compensation for Medibank customers who had their personal and health data stolen by Russia-linked hackers in last year.
Structural Regulation
Taiwan Approves Merger Between Taipei Fubon and Jih Sun Bank
19/01/2023
Taipei Fubon Bank as the surviving entity will be Taiwan’s third-largest bank by assets after Bank of Taiwan and CTBC Bank.
Emerging Prudential Risks
Implementation of 2013 NBFI Reforms Are Incomplete: FSB
19/01/2023
Jurisdictions have not finished implementing Basel III reforms to mitigate spillovers between banks and non-bank financial entities.
Cybersecurity
China Set Out Plan to Develop Data Security Industry
18/01/2023
As part of the plan, FIs will be encouraged to invest in the field of data security and provide convenient and efficient financial services to the sector.
Trading & Investment
Deutsche Bank Issues First Panda Bond in China for 2023
18/01/2023
The panda bond is the first since the introduction of new rules that allow foreign issuers to freely use the proceeds overseas without restriction.
Anti-Money Laundering
HK Customs “Smashes” Syndicate That Laundered HK$6b
18/01/2023
A money laundering operation centre was being run from an apartment at a large private housing estate. The syndicate was “successfully smashed”.
Credit Risk
ECB Identifies Weak Risk Management at EU Banks
18/01/2023
The ECB identified “material shortcomings” in how banks manage counterparty credit risks. Banks should “promptly address weaknesses”.
Anti-Money Laundering
UK Linked ‘Golden Visas’ to Crime Years Ago
18/01/2023
A review commissioned in 2018 and “kept secret for years” found a disproportionate number of golden visa applicants were from countries identified as high risk.
Data Privacy
China Releases New Data Standards for Public Fund Disclosures
18/01/2023
Funds should use technology to standardise and digitise disclosures of information on publicly-offered securities investment funds.
Market Abuse
Korea: Tougher Penalties for Unfair Trading Expected Within H1
18/01/2023
Those engaged in unfair trading activities would face either a prison sentence of at least one year or a fine of between three and five times profits.
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