Editors
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. [email protected]
Articles by Editors
Conduct, Culture & Accountability
Australian Court Dismisses ASIC Proceedings for CBA Overcharging
30/11/2022
CBA’s terms and conditions acknowledged that sometimes the bank ‘can get things wrong, and when this happens’ it is ‘determined to make them right again’.
Structural Regulation
HSBC to Sell Canadian Unit to RBC for $10b
30/11/2022
The deal is expected to complete in late 2023. HSBC said its group strategy remains unchanged.
Payments & Settlements
More Than 500 Banks Have Now Adopted ‘Swift Go’
30/11/2022
Swift outlines progress made in 2022 toward the G20’s goals for enhancing cross-border payments, including through CBDC experimentation.
Market Data & Technology
GLEIF Enables LEI Mapping for S&P Global Company IDs
30/11/2022
GLEIF already provides ISIN-LEI, BIC-LEI and MIC-LEI mapping certification, and has been encouraging data vendors to map their identifiers to the LEI.
Structural Regulation
Korea to Limit Cross-shareholdings by Insurers in Affiliates
30/11/2022
Proposed bill targets Samsung Life Insurance, which controls a significant portion of the issued shares in Samsung Electronics.
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.
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