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
Conduct, Culture & Accountability
FSC Korea to Boost Interest Rate Transparency in Banking Sector
11/07/2022
Banks will be required to publicly disclose their lending rates, deposit rates, and net interest spreads, to allow consumers to make quick comparisons.
Anti-Money Laundering
RBNZ Issues Formal Warning to BNZ Over AML Rule Breaches
11/07/2022
A coding error caused NAB-owned Bank of New Zealand to report incorrect locations to the FIU for around 50,000 domestic physical cash transactions.
Payments & Settlements
FSB Urges Adoption of LEI in Cross-border Payments
10/07/2022
Using the LEI in cross-border payments could facilitate straight-through processing, reduce costs, increase transaction speeds, and facilitate KYC compliance.
Liquidity Risk
RBI Announces Measures to Cushion Falling Rupee
09/07/2022
The RBI has exempted FPIs from a cap on investments in government securities and corporate bonds. FPIs can also buy short-duration corporate debt.
Anti-Money Laundering
Chinese Phonemaker Vivo Accused of Evading Tax in India
09/07/2022
Vivo is alleged to have made remittances via Hong Kong to China to disclose losses in India and avoid domestic tax payments.
Trading & Investment
Bursa Malaysia Announces Launch of Shariah Discretionary Trading
09/07/2022
Discretionary trading based on Shariah principles is now permitted at Bursa Malaysia. Malacca Securities is the first to offer the service.
Liquidity Risk
Bangladesh Imposes 100pc Margin Requirement on Luxury Imports
09/07/2022
Banks may not lend importers funds to meet the 100 percent LC margin requirement, which applies to a broad range of luxury imports.
Fraud, Scams & Cybercrime
FSC Korea Penalises Shinhan Bank for Lime Fund Mis-selling
08/07/2022
Shinhan Bank is being suspended for three months from selling new private equity fund products and fined KRW 5.7 billion.
Cryptocurrency
Crypto Firm Voyager Digital Files for Bankruptcy, FDIC Opens Probes
08/07/2022
Voyager previously used wording on a company web page implying that deposit protection could apply in the event of the company’s own failure.
Capital Adequacy
HKMA Consults on Implementation of Basel III Reforms
08/07/2022
The proposed amendments relate to the implementation of Basel III final reform package, specifically in relation to credit risk and the output floor.
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