Editors
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. [email protected]
Articles by Editors
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.
Cryptocurrency
Thai SEC Prohibits Crypto Lending, Deposit Taking Services
03/07/2023
Crypto firms will also have to disclose a warning about the risks associated with trading cryptocurrencies from 31 July 2023.
Structural Regulation
Lawrence Wong Appointed Chairman of MAS Board
03/07/2023
Lawrence Wong will replace Tharman Shanmugaratnam, who will step down to run in Singapore’s upcoming presidential election.
Market Abuse
Korea Passes Bill to Strengthen Penalties for Unfair Trading
03/07/2023
The FSC will be able to impose a penalty surcharge of up to twice the amount of illegally earned profits. The enhanced penalties will take effect in January 2024.
Credit Risk
PBOC Expands Lending Support Facilities to Boost SME, Agri Sectors
03/07/2023
The PBOC is expanding its relending and rediscounting facilities to incentivise commercial banks to issue loans to small businesses and the agricultural sector.
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