
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Cryptocurrency
Lawmakers Propose Bill to Prevent FTX-Style Collapse in Korea
30/11/2022
The bill, if passed, will require crypto exchanges to segregate users’ assets, buy insurance against hacking, and compensate users for unexpected withdrawal halts.
Resolution & Recovery
PBOC Calls on Chinese D-SIBs to Improve TLAC
30/11/2022
The G-SIBs are encouraged to improve their TLAC internal planning and management mechanisms and issue TLAC non-capital bonds in offshore markets.
Structural Regulation
Experian Appointed Bureau Operator for Singapore BNPL Industry
30/11/2022
Experian will facilitate creditworthiness checks for consumers using credit information submitted by all accredited BNPL players in Singapore.
Anti-Money Laundering
FATF Re-rates China on Two More Recommendations
30/11/2022
China was re-rated for progress made in the implementation of PF-related targeted financial sanctions and on beneficial ownership transparency.
Cybersecurity
CPMI, IOSCO Identify Cyber Resilience Weaknesses at Some FMIs
30/11/2022
Some financial market infrastructures have not yet developed their cyber response and recovery plans to meet the two-hour recovery time objective.
Operational Risk
APRA Publishes ‘One-stop Shop’ Guidance for Directors of ADIs
30/11/2022
The guide brings together all of the standards and PPGs needed to help directors navigate requirements that are specific to them, APRA said.
Trading & Investment
KRX Launches New Market Segment for Blue Chip Stocks
30/11/2022
The KOSDAQ Global segment comprises 51 companies with a combined market cap of about KRW 78 trillion, which represents 23 percent of the KOSDAQ market.
Emerging Prudential Risks
BCBS Warns of Risks from Bank Exposures to Leveraged NBFIs
30/11/2022
Bank exposures to NBFIs, particularly highly leveraged firms, could lead to excessive risk concentration and potential liquidity issues.
Cryptocurrency
IOSCO to Develop Regulatory Guidance for Crypto Market
30/11/2022
IOSCO chair Jean-Paul Servais said new standards for regulating “crypto conglomerates” are an “obvious necessity.”
Fraud, Scams & Cybercrime
UK Crypto Fraud Increased 32pc Over One Year Period
30/11/2022
UK police unit Action Fraud said crypto-related fraud losses from October 2021 to September 2022 amounted to $270mn.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.