Editors
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. [email protected]
Articles by Editors
Structural Regulation
BSP Green Lights Q3 Launch of GoTyme Digital Bank
05/08/2022
GoTyme Bank, a joint venture of digital banking group Tyme and members of the Gokongwei Group of companies, was awarded a Certificate of Authority.
Structural Regulation
Malaysia Unveils Details of New Consumer Credit Act
05/08/2022
A ‘Consumer Credit Oversight Board’ will be established as an independent authority to oversee all consumer credit activities including BNPL under a single umbrella.
Fraud, Scams & Cybercrime
ACCC Raises Alarm Over Rising Fake Bond Scams
05/08/2022
Reported losses suffered by Australian victims of imposter bond scams increased by 265% to A$20mn in H1, compared to the same period last year.
Payments & Settlements
Korea FSS Fines KakaoBank Over Remittance Service Failures
05/08/2022
The FSS said KakaoBank launched the new remittance service without proper testing, and provided prohibited loans to major shareholders.
Climate Risk
APRA Reveals Findings of Climate Risk Management Surveys
05/08/2022
Survey responses from banks. insurers and super funds shows are “encouraging”. A key area for improvement is metrics and targets.
Anti-Money Laundering
New York State Regulator Penalises Robinhood Crypto Unit
04/08/2022
Robinhood Crypto had inadequate staffing of its AML programme, transaction monitoring deficiencies, and noncompliant cybersecurity policies.
Fraud, Scams & Cybercrime
US SEC Charges 11 Over Crypto Pyramid and Ponzi Scheme
04/08/2022
Forsage investors earned profits by recruiting others into the scheme, which used assets from new investors to pay earlier investors.
Clearing & Post-Trade
ASX: Launch of New CHESS Platform Delayed Until Late 2024
04/08/2022
Accenture to provide an independent review of the new CHESS application and help ASX determine a new launch schedule.
Fraud, Scams & Cybercrime
DBS-led Hackathon to Tackle Fraud Challenges
04/08/2022
More than 100 law enforcers, lawyers, bank staff and other professionals have assembled into teams to brainstorm new solutions to stop scams.
Structural Regulation
China Responds to US ‘Treachery’ With Taiwan Trade Curbs
04/08/2022
China has banned imports of citrus fruit, two types of fish, and food items from 107 Taiwanese brands. Exports of natural sand to Taiwan are banned.
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